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Elizabeth Warren tells Conan: The government should not be profiting from student loan debt

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Sen. Elizabeth Warren (D-MA) told Conan O’Brien the government profits too much off the student loan system to ease the staggering debt faced by many young Americans.

The liberal standard-bearer said Wednesday night on “Conan” that she had run into a major obstacle after introducing a bill to reduce interest rates on government loans from up to 12 percent.

“The government has already pre-spent all the profits on student loans,” Warren said.

Interest rates were “set to produce tens of billions of dollars in profit,” including $66 billion for the five-year period ending in 2012, Warren said.

“The United States government should not be making profit off the backs of kids who are trying to get an education,” she said.

Warren, a rumored 2016 presidential candidate, said lawmakers were unwilling to set the interest rate on student loans to just the break-even point.

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“If you want to reduce the interest rate, you’ve got to find somebody else to put the money in to fund the government over the next decade or so,” she explained.

Warren said she and some other Democratic lawmakers want to set tax rates for millionaires and billionaires to the same rate that middle-class families pay to help ease the student loan debt burden.

“As a government, we can decide we’re either going to spend the same lump of money either to keep tax loopholes open for billionaires or to reduce the interest rate on student loans — and you want to guess who’s winning right now? The billionaires, and that’s wrong,” she said. “That’s why we have to fight back.”

Watch her remarks posted online by TBS:

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Trump was ready to ‘blow up everything’: Biographer Michael Wolff on why Mueller didn’t indict

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It is not an easy task to discern the truth when confronting a president and his allies who have created their own reality, one in which truth and lies have no absolute meaning and are, for them, ultimately interchangeable.

Donald Trump does this on a personal level: he has lied at least 10,000 times while president.

During his recent interview with ABC's George Stephanopoulos, Donald Trump continued to lie in public, asserting that he did not try to fire special sounsel Robert Mueller. As multiple sources and witnesses agree, this is not true. Trump also asserted that he can do anything that he wants, according to the Constitution: He apparently believes he is a king or emperor. This too is a lie. The Constitution grants the president no such powers, and was drafted by the framers to stop demagogues and would-be tyrants such as Donald Trump.

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2020 Election

CNN panel destroys Trump’s mass arrest threat of millions as a wildly unrealistic Orlando rally stunt

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The panel on CNN's New Day cast a jaundiced eye at a threat Donald Trump made on Monday night where he threatened mass arrests of millions of immigrant families as part of an ICE operation.

On Twitter, the president wrote: "Next week ICE will begin the process of removing the millions of illegal aliens who have illicitly found their way into the United States. They will be removed as fast as they come in. Mexico, using their strong immigration laws, is doing a very good job of stopping people."

According to one panelist on CNN, the president's threat was timed as a political stunt, with the contributor Jackie Kucinich calling it "rally-fodder" before his Orlando campaign kickoff.

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Trump’s ‘no collusion’ lie is finally falling apart — but will Americans actually notice?

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Although the Mueller Report has been in the public domain for nearly two months, there’s still a ton of confusion and disinformation around it. The confusion is specifically due to two things: Very few voters have actually read it, and Donald Trump is delighted to exploit that fact. It doesn’t help that Robert Mueller has been more than a little cryptic about his findings — refusing to answer questions or to appear for congressional testimony to clear the air.

Consequently, the president and his Red Hat loyalists continue to repeat the “NO COLLUSION!' lie with very little push-back. The all-caps falsehood gains momentum every time Trump repeats it. Likewise, Bill Barr’s March 24 letter and his subsequent public remarks erroneously confirmed Trump’s lie before anyone, including Congress, was allowed to actually read the report.

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