The Breakfast Club - DONKEY: Trump Admin. To Seize Wages, Pensions & Tax Refunds To Repay Student Loans

Episode Date: April 23, 2025

 In today's ‘Donkey of the Day,’ Charlamagne calls out the Trump administration for seizing wages, pensions, and tax refunds to repay student loans.YouTube: https://www.youtube.com/@BreakfastClubPower1051FMSee omnystudio.com/listener for privacy information.

Yo Kpop fans, are you ready? It's your boy BOMHUN and I'm bringing you the K Factor, the podcast that takes you straight into the heart of K-pop. We're talking music, idols, exclusive interviews, and even the real behind the scenes K-pop stories. Plus, you're the fans, you're part of the show, and you can get a chance to jump in, share your opinions, and be part of the conversation like never before. And trust me, you never know where we might pop up next. So listen to the K Factor starting on April 16 on iHeartRadio Apple Podcast, or wherever you get your podcasts. This isn't just a podcast, it's a K-pop experience.

Are you in? Let's go. Peace to the planet, I go by the name of Charlamagne the God, and guess what? I can't wait to see y'all at the third annual Black Effect Podcast Festival. That's right, we're coming back to Atlanta, Georgia,

Saturday, April 26th at Pullman Yards, and it's hosted by none other than Decisions Decisions, Mandy B and Weezy. Okay, we got the R&B Money podcast with Tank and Jay Valentine. We got the Woman of All podcast with Sarah J. Roberts, the Funky Friday podcast with Cam Newton, the Naked Sports podcast with Carrie Champion, Good Moms Bad Choices podcast, the Trap Nerd podcast, and many more will be on that stage live. And of course, it's bigger than podcasts. We're bringing the Black Effect marketplace with Black-owned businesses, plus the food truck court to keep you fed while you visit us, all right?

Listen, you don't want to miss this. Tap in and grab your tickets now at blackeffect.com slash podcast festival. Proudly sponsored by Nissan. diamond of parenting. And of course. I don't think so, honey. Horror movie. OK. OK. Amy Poehler is on Las Culture. The latest episode is out now. Listen to Las Cultureistas on the iHeartRadio app

or wherever you listen to podcasts. Not black people, not brown people, everybody. And whether you're white, black, red, brown, or yellow, you wanna see some more green. Can I get an amen? Hey, this is Financial Literacy Awareness Month. Tune in to Money and Wealth with John O'Brien, a podcast that breaks down financial freedom in a way that's real, relatable, and rooted in empowerment. From rebuilding your credit to starting your wealth journey,

I give you all the tools to rise. I'm going to break down how the modern economy works. This is what they never taught you in school. You're not dumb and you're not stupid. It's what you don't know that you don't know is killing you, but you think you know. To hear this and more practical wisdom, open your free iHeartRadio app, search Money and Wealth

with John O'Brien, and start listening today. Your execution on the donkey of the day is something to behold. search Money and Wealth with John O'Brien and start listening today. It's a read, but you're so good at it. You're trying to be a fake ass Charlemagne. You're the only one Charlemagne is going. Damn Charlemagne, who you give a ducky of the day to name? Well, sexy red donkey today for Wednesday, April 23rd, goes to the U.S. Department of Education, who under the Trump administration announced on Monday that it will resume debt collections for federal student loan borrowers who have defaulted on their debt. So millions of borrowers are at risk of having federal payments or portions of their salaries withheld in the coming months because the White House said it can and will take borrowers wages,

pensions and tax refunds. Let's go to KOAA MBC 5 for the report please. Major whiplash for millions of federal student loan holders. For the first time in five years, the Department of Education will start collecting, restart collecting that is, federal student loans in default. Student loans go into default after 270 days without any payment. The Trump administration said in a statement, quote, there will not be any mass loan forgiveness. The Trump administration has announced we will put an end to Joe Biden's illegal student loan bailout attempts.

Loans have been on pause since March of 2020 because of COVID-19. The Biden and Harris administration even tried to cancel the debts of millions of borrowers. Now the Trump administration says the previous administration did not have authority to cancel that debt and it will start collections as soon as May 5th. Debt cannot be wiped away.

It just ends up getting transferred to others. So why should Americans who didn't go to college or went to college and responsibly paid back their loans paying for the student loans of other Americans. I didn't go to college. So I don't have student loan debt. So this won't impact me, but that doesn't mean I'm not gonna care about this. Okay, the reason I care about this

is because I care about people. All right, period. It doesn't matter what your financial situation is. If you live in a country where people are barely getting by, that is not gonna make for a pleasant society. Not to mention working class people are a benefit to our business. Okay Okay working class people who are listening to this they're the ones who listen to the show every day. Okay they're the people who

buy books they come to the comedy shows they'll spend their hard-earned money to be at the Black Effect podcast festival this Saturday in Atlanta and every working-class person in this country should be able to pay their bills and have a little leftover for recreation. Okay they should have some money for leisure activities and if you're voted for Donald Trump, because he promised to make the economy better, you gotta be scratching your head right now. Okay. Donald Trump said he was going to make the economy better on day one.

What all he's done so far is cut federal programs that benefit working class people. Put Elon Musk in charge to fire a bunch of federal federal workers. There's half-assed trade war that's going on. That's hurting our wallets and 401k plans, and now the White House is bringing more pain to millions of Americans by restarting debt collection for student loan borrowers who have fallen into default? I hope that you all realize this is just politicians playing with the lives of people again, right? I was reading an op-ed that Linda McMahon wrote in the Wall Street Journal and she blamed the Biden administration and

universities for making empty promises to students while pocketing their loan dollars. She said greedy colleges have profited massively from Biden era forgiveness measures. When I read that I said to myself, oh the American people once again have to suffer because of this pissing contest between Democrats and Republicans. See I hate when political parties do that. If Republicans do something that's good and benefit people, Dems should let it stand. If Democrats do something that's good that benefits people, Republicans should let it stand. Linda McMahon said colleges profit massively from Biden-era forgiveness loans. Well, Linda, there are plenty of corporations, institutions, and people

in the Trump administration who profit massively from things y'all do too. I honestly don't care as long as the working class people are getting some relief. When the rich get richer and the poor don't get a devil damn thing, that's not good. But if the rich get richer and people are able to get some money in their pocket too so they can live, that's a beautiful society. Okay, and I don't want to hear you idiots say, no got to pay these loans back you can't get a loan and not pay it back. Sure but how come there is never that sense of urgency to pay loans back when it comes to these corporations. Okay 2008 financial crisis. US government

bailed out banks. AIG got 182 billion. Citigroup got 45 billion in TARP funds and hundreds of billions in loan guarantees. Bank of America got 45 billion through the TARP program. Those were loans. 2009 auto industry, GM got 50 billion in federal aid. Chrysler got 12 billion. GM filed for chapter 11 bankruptcy and had over 30 billion in debt wiped out. What about during COVID? Airlines, Delta, United, American Airlines, all got billions in payroll support and loans. My point is I don't ever hear or see about these corporations getting pressured to pay money back the way we are so quick to do American citizens.

Yes, I'm glad all these institutions were able to stay afloat. We need those institutions. We need the airlines, we need the banks, but don't we need the American people too? Is it really going to hurt us as a country if we don't garnish the wages of student loan borrowers? If we don't take from their pensions their tax refunds, is it really going to make or break us as a society if we choose to simply let those folks be for the time being? Why at a time like this would the Department of Education and the Trump administration

be doing this? Because it's not about what's right, it's about revenge. I'm not a Joe Biden fan. I think his legacy is trash, but the student loan forgiveness that he provided was great. One of the better things on his resume, but Donald Trump is hell bent on wiping his ass with Joe Biden's resume. It's that simple. And we the people have to suffer because folks have political scores to settle.

Please let Rumi Ma give the US Department of Education the biggest hee haw. Hee haw, hee haw. You stupid mother f***er, are you dumb? Yep. That's what we said earlier, it makes no sense. None whatsoever. They deserve that.

Alright, well thank you for that donkey of the day. Yes, ma'am. Now when we come back, Alencia Johnson will be joining us. She has a new book called Flip the Tables and we're gonna talk to her next, don't go anywhere. What's the whole, no, what's the whole book name? Flip the Tables, you know what? Flip the Tables, cause tables need to be flipped.

The Everyday Disruptors Guide to Finding Courage and Making Change. I know that's right. Your book title better be short then, the way you be coming at these people long ass book titles. It sure is, it sure is. I'm going back and forth with them right now and talking about, oh you need a subtitle, and why?

That's what it should be called, and why? And why? It's the Breakfast Club, come on it. The Breakfast Club. The Breakfast Club. Donkey of the Day is sponsored by renowned personal injury attorney Michael the Bull Lamonsoff. Don't be a donkey when you need a fighter on your side.

If you're ever injured, go to michaelthebull.com. That's michaelthebull.com. And when you mess with the bull, you get the horns. Yo, K-Pop fans, are you ready? It's your boy, Bom Han, and I'm bringing you the K-Factor, the podcast that takes you straight into the heart of K-Pop. We're talking music, idols, exclusive interviews, and even the real behind-the-scenes K-Pop stories.

Plus, you're the fans. You're part of the show. And you can get a chance to jump in, share your opinions, and be part of the conversation like never before. And trust me, you never know where we might pop up next. So listen to the K-Factor starting on April 16 on iHeartRadio app, Apple Podcast, or wherever you get your podcasts.

This isn't just a podcast, it's a K-pop experience. Are you in? Let's go. Peace to the planet, I go by the name of Charlamagne the God, and guess what? experience. Are you in? Let's go. Okay, we got the R&B money podcast with tank and Jay Valentine We got the woman of all podcast with Sarah Jake Roberts the funky Friday podcast with Cam Newton the naked sports podcast with Carrie Champion good mom bad choices podcast the trap nerds podcast and many more will be on that stage live And of course it's bigger than podcast We're bringing the black effect marketplace with black-owned businesses plus the food truck court to keep you fed while you visit us, all right? Listen, you don't want to miss this.

Tap in and grab your tickets now at blackeffect.com slash podcast festival. Proudly sponsored by Nissan. The big guests continue on Los Culturistas. This week, it's the very funny Amy Poehler. Don't overthink it. They talk water. We did not drink water growing up.

Water was not a thing. Parenting. You got teen boys. This is like the black diamond of parenting. And of course. I don't think so, honey. Horror movies. Okay. Okay?

Amy Poehler is on Las Culture. The latest episode is out now. Listen to Las Culturistas on the iHeartRadio app or wherever you listen to podcasts. 70% of Americans are living from paycheck to paycheck. Not black people, not brown people, everybody. And whether you're white, black, red, brown, or yellow, you wanna see some more green.

Can I get an amen? Hey, this is Financial Literacy Awareness Month. Tune in to Money and Wealth with John O'Brien, a podcast that breaks down financial freedom in a way that's real, relatable, and rooted in empowerment. From rebuilding your credit to starting your wealth journey, I give you all the tools to rise. I'm going to break down how the modern economy works. This is what they never taught you in school. You're not dumb and you're not stupid. It's what you don't know that you don't know is killing you, but you think you know.

To hear this and more practical wisdom, open your free iHeartRadio app, search Money and Wealth with John O'Brien, and start listening today.