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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.

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“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.”

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Watch her remarks posted online by TBS:


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Marine Corps unit busted planning to hold a party at Trump’s Mar-a-Lago resort: report

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President Donald Trump is facing yet another corruption scandal after a Marine Corps unit was caught planning to hold a party at the commander-in-chief's Mar-a-Lago resort.

"At a time when taxpayer and foreign-government spending at Trump Organization properties is fueling political battles, a U.S. Marine Corps reserve unit stationed in South Florida hopes to hold an annual ball at a venue that could profit the commander-in-chief," the Miami Herald reported Thursday.

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Internet blown away by Giuliani’s ‘pants-sh*tting panic’ freak out on CNN’s Cuomo

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Former New York City Mayor Rudy Giuliani received harsh reviews of his Thursday evening appearance on CNN with anchor Chris Cuomo.

Many people worried about Giuliani's mental health after watching the interview.

Here is some of what people were saying about Trump's defense attorney.

https://twitter.com/RadioFreeTom/status/1174860581897199617

https://twitter.com/ananavarro/status/1174859510600613888?s=21

https://twitter.com/elise_jordan/status/1174857898800898048?s=21

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Maddow is visibly shocked Trump is claiming in court the president can’t even be investigated

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The host of "The Rachel Maddow Show" on MSNBC was flabbergasted by the latest court moves by President Donald Trump as he continues to hide his tax returns from investigators.

The host noted the ongoing legal battle Trump is waging to keep his accounting firm, Mazars, from handing over eight years of his tax returns to New York state investigators.

The host was shocked by the headline on the front-page of The Washington Post website.

[caption id="attachment_1544917" align="aligncenter" width="640"] Headline in The New York Times: "Trump Lawyers Argue He Cannot Be Criminally Investigated" screengrab.[/caption]

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