Martin Bashir | April 16, 2012
>>> a college education means employment. the unemployment rate for those with a high school education almost double that figure. so oxley, support for higher education and thus student loans . some republicans are outright dismissive of the utility of student loans . there's the paul ryan budget which by one estimate would cut $170 billion over ten years from the pell grant program. and there's this statement by congresswoman virginia fox who not only sits on the house education and work force committee but also, chairs its subcommittee on higher education .
>> i have very little tolerance for people who tell me that they graduate with $200,000 of debtor even $80,000 of debt. because there's no reason for that.
>> ryan and fox aren't the only ones dismissive of why so many young men and women feel the need to take on debt. here's the man they hope will be the leader of the free world on the topic.
>> i know it would be popular to say i'll give you government money to make sure to pay for your college. i won't promise that. what i'll tell you, shom around, get a good price.
>> back with us now, professor dice object. one of rick santorum 's elite snobs. a student loan is quite oxley a sound investment for the country. why are so many business-mined republicans --
>> there is a correlation between getting a good education and getting a good job and therefore contributing to the economy which is what the republicans claim they want to do and conservatives hold as a very precious principle. $870 billion of student loan debt? more than the able loans? more than credit cards ? this is astonishing. the insensitivity toward those who have these loans is ridiculous. the president of the united states right now, barack obama , might well have had student loan debt over his head when he entered the white house had he not had a book that did very well that got him out. so the reality is that americans across every economic spectrum have this kind of debt. to be insensitive to it, is not only to be insensitive to the citizens but also to hamper the economy's flow in another way.
>> they don't want to invest in young people who need money. we know their thoughts on medicare for the needy are also a problem. and the elderly. i guess the lesson therefore from people like mitt romney is just try to be born wealthy.
>> be born wealthy. be local in your choice of schools. no disrespect to local schools. i've taught at all kinds of colleges and universities across this land. public university and publrivate university. people want the best and the brightest coming to their schools and they should be able to go where they want to go. and average citizens who are average students should have the capacity to go to school without fear that they are being closed out because they lack a loan will prevent them from flourishing later on. so it seems the republicans november consideration for the youth or this economy 20 years down the road.
>> spoken as a professor at georgetown university . always a pleasure to have you.