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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.

“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.

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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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GOP senators lob out excuses to avoid watching impeachment hearings: ‘Took my kid to school’

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European ambassador Gordon Sondland's impeachment testimony sent shock waves through Washington D.C. on Wednesday -- but they seemingly weren't felt by Republican senators.

Per CNN's Michael Warren, multiple GOP senators said on Wednesday that they were not watching Sondland's testimony, which directly implicated President Donald Trump in a quid-pro-quo scheme with Ukraine.

Sen. Tom Cotton (R-AR), for example, said that he "took my kid to school" instead of watching Sondland, while Sen. Lamar Alexander (R-TN) said he was busy "chairing my own hearing."

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Ken Starr says ‘it’s over’ for Trump: Democrats know ‘the president in fact committed the crime of bribery’

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Former independent prosecutor Ken Starr suggested on Wednesday that President Donald Trump impeachment could now be a sure thing.

Following the testimony of European Union Ambassador Gordon Sondland, Fox News host Bret Baier called the witness "very damning" for Trump -- and Starr agreed.

"We've gotten close to the president," Starr said of Sondland's testimony. "The president may have covered himself by saying no quid pro quo, the record is muddled. So we have Gordon Sondland's understanding. It doesn't look good for the president substantively."

Starr compared the current process to the articles of impeachment that were drafted against President Richard Nixon.

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‘Emergency neurological symptoms?’ Internet explodes in laughter over Trump’s bizarre ‘I WANT NOTHING’ notes

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President Donald Trump read handwritten talking points as he departed the White House on Wednesday.

His notes were written in Sharpie marker on a notepad.

Here's some of what people were saying about Trump's remarks.

https://twitter.com/samstein/status/1197200696044654593

https://twitter.com/Lawrence/status/1197207906455822340

https://twitter.com/revrrlewis/status/1197203825595170816

https://twitter.com/jean_yoon/status/1197196681542021121

https://twitter.com/AmandaMarcotte/status/1197204127526330368

https://twitter.com/Acosta/status/1197196178057814016

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