MacCallum imagined a scenario where she had $15,000 in credit card debt and she is handed $5,000, she now has $10,000 in debt and does not have extra money to spend. The economic adviser argued the policy will be paid for by the price of the budget deficit being reduced at a significant amount more than the cost of student loan debt.
“So how is that something I can use to pay for furniture for my house? I can’t, that’s not money I have now,” she said.
“The way to think about this is that the government is taking in way more in both receipts and spending way less than we have been in prior years,” he said.
MacCallum argued the U.S. continues to have a huge deficit and is spending more than the nation has. The economic adviser said the deficit is being reduced more than the cost of student loan relief.
“The question on that table, I think you’re making this way too confusing,” he said.
“I don’t think so,” she said.
“Okay, well, hold on, and let me suggest how you’re doing so,” he interjected. “The question on the table is is it accurate to say that we are reducing the deficit more than the cost of student loan forgiveness and the answer is unquestionably yes, okay? I hope that’s pretty straight forward.”
‘I’m Not Gonna Let You Do The Thing’: Martha MacCallum, Bernstein Clash Over Student Loan Forgiveness
Fox News anchor Martha MacCallum and White House economic adviser Jared Bernstein clashed over the administration's handling of debt.dailycaller.com
Speaker1: Would you agree, Chief Ortiz, that unprecedented numbers of aliens are illegally entering the United States right now?
Ortiz: Yes.
Speaker1: Are the individuals that are turning themselves in, are they turning themselves in because they believe they’re going to be paroled?
Ortiz: I would imagine that they are turning themselves in because they think they’re going to be released. Yes.
Speaker1: When President Biden was elected, did the number of aliens trying to illegally enter the United States increase or decrease?
Ortiz: Increase.
Speaker1: From your 31 years of experience has the Border Patrol in a year ever had the number of encounters that it’s going to have in 2022?
Ortiz: No.
Speaker1: Is the crisis that is currently ongoing at the southern border making the border less safe for Americans and aliens alike?
Ortiz: Yes.
Speaker1: Since President Biden was elected, does this document indicate that aliens illegally entering the United States perceive that they will be able to enter and remain in the United States?
Ortiz: Yes.
Speaker1: Why is it important to detain and remove demographics that are amenable to the Border Patrol?
Ortiz: One, you want to make sure you have consequences.
Speaker1: Okay. And if you don’t have consequences, what is likely going to happen.
Ortiz: In my experience, we have seen increases when there are no consequences.
Speaker1: So, if migrant populations believe that there are not going to be consequences, more of them will come to the border. Is that what you’re saying?
Ortiz: There’s an assumption that if migrant populations are told that there is a potential that they may be released, that, yes, you can see increases.
Speaker1: If you’re not detaining and removing demographics that are amenable and the flow will compound -so it will increase at an exponential rate. Is that what is being suggested here?
Ortiz: I do think it will increase, yeah.