The Philip DeFranco Show - PDS 4.28 I'm Sorry...

Starting point is 00:00:00 Oh, sup you beautiful bastards. Welcome back to the Philip DeFranco Show. I'm definitely not faking this energy, baby. Running at a hundred percent. Welcome back to the Philip DeFranco Show. Hit that like button if you want me to punch you in the throat and let's just jump into it. Y'all first up today, you know,

Starting point is 00:00:16 over the last 24 to 36 hours, there's been a lot of talk about Biden very much leaning towards forgiving up to $50,000 of student loan debt. And it's resulted in headlines like student loan forgiveness to $50,000 of student loan debt. And it's resulted in headlines like, student loan forgiveness of $50,000 is getting more and more likely, says top Democrat. But today, this is what we saw.

Starting point is 00:00:32 All my faults! No, I'm sorry, wrong clip, this one. Secondly, I am considering dealing with some debt reduction. I am not considering $50,000 debt reduction, but I'm in the process of taking a hard look at whether or not there will be additional debt forgiveness. And I'll have an answer on that in the next couple of weeks. The timing of this decision or whatever the hell is going to happen, it is important because the Biden administration has continually extended the moratorium on loan payments and interest, with the most recent extension being right around the corner, August 31st. It was

Starting point is 00:01:10 the sixth time the freeze was extended, and according to a report last month from the Federal Reserve Bank of New York, nearly 37 million borrowers have saved about $195 billion from the moratorium through April of 2022. And that same report also reportedly found that student loan borrowers who didn't benefit from the extended moratorium had 33% higher rates of delinquency on other debt excluding mortgages than those who did. And personally, I'm very interested to know your thoughts on debt forgiveness because according to polls,

Starting point is 00:01:34 people are actually very split. According to a recent Harvard Youth poll, more than 80% of Americans between the ages of 18 to 29 want the government to take action when it comes to student debt relief. But less than 40% of that group think that it should be cancelled for everyone. Which of course, while less than 50%, is a bump from 2020, which was five points lower. It was also interesting to look at the demographics of those who took part in the poll. As far as cancelling debt for everyone along party lines,

Starting point is 00:01:56 48% of Democrats backed it, 39% of Independents, 20% of Republicans. Though of Republicans, Forbes noting even 73% of Republicans want the government to take some form of action. There also appear to be a difference based on race. For supporting debt cancellation for everyone, you had 50% of black, 43% of Hispanic, 38% of Asian, and 33% of white supporting. And for me personally, like, I don't know what the actual solution to this problem is, but I think the first thing is understanding this is a genuine problem. I do think there needs to be relief of some sort, and I'm not personally of the mindset that just because I struggled with student loans and it stressed me out and it was a hurdle that I had to overcome, that the loans just need to ruin other people's lives. The way higher education is set up in this country is fucking stupid.

Starting point is 00:02:38 Like, hey, do you want to do the thing that we all say that you have to do to like have a good job? Well, you're gonna take on a possibly insurmountable amount of debt. I want you to shoot for the stars, but just really quick, if you could put on these cement slippers. The cost of higher education in this country and the loans that people have to take, it's all predatory, it's exploitation,

Starting point is 00:02:57 so they can milk you for years and years until you're in the ground. But at the same time, I'm not an economist and I don't know what the actual answer and what the actual solution is, but I don't think that overburdening people is going to be good for, one, people in general, but also, two, for our entire country. Like, every day, more and more young people are getting priced out of the American dream. The cost of college has increased at an absurd rate.

Starting point is 00:03:19 Houses sell for ridiculous sums of money, where we're slowly, we're more and more becoming a nation of renters. It's because those with money and power monetarily benefit based off of making you an economic slave. But yeah, that's the story. A little of my opinion, and then kind of just some blind rambling. It's been a long week. The main thing, I'd love to know your thoughts. Actually, let me do something stupid. This, why? Well, I don't have the answers for and can't really impact all student loan debt I can impact and potentially just drastically change someone's life right now

Starting point is 00:03:50 So going to the text line shoot out a text to the top most active people and whoever gets the link to work first That paid also my camera's about to die cool. The biggest thing is, is right now I'm currently about $40,000 in debt. But you know, you gotta get in debt apparently in order to survive in this country. Like, it's ridiculous.

Starting point is 00:04:21 Because every year it's just expensive. It's the fees, it's the coursework, it's all of those extra things. And I live at home. If I were living on campus, I would have to pay for the college housing and all of that extra stuff too. So it would be even worse for me in the end. I'm trying to think of how to say this next part, because it's a little bit sensitive. I, every now and then, like to try and do something nice to trick myself into thinking I'm a nice person. And so what I'd like to do is to pay off all your loans right now. Wait. Wait, really?

Starting point is 00:05:00 Yeah. So the 40 that you're facing now, we'll just, I'll get that to you. Um, sure. Yeah, no, that would super, like that would help out a ton. I'll have my lawyers and accountants yell at me tomorrow and we'll figure out how to do it. And then we'll do it. But from that, I want to take a second

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Starting point is 00:05:57 so you can feel confident you're always getting the very best available candidates. So if you're looking to find the best candidates for your current or next job opening, head over to ZipRecruiter.com slash DeFranco to find the best candidates for your current or next job opening, head over to ziprecruiter.com slash defranco to find the most qualified candidates today. And then in massive news, going into the 2022 midterms, Democrats can gerrymander too, they just kinda suck at it. Whereas where I'll start is that yesterday, New York's highest court struck down a congressional map

Starting point is 00:06:17 drawn by the state's Democrats. In the decision, the New York State Court of Appeals agreed with Republicans who had argued that the map was unconstitutionally gerrymandered to benefit Democrats, with the court calling the map unconstitutional as drawn with impermissible partisan purpose, which also sounds like the name of an alt-DC punk band.

Starting point is 00:06:32 Notably, the court also condemned the Democrats for ignoring a constitutional amendment approved by voters in 2014 that aimed to limit political influence and redistricting, including by creating an independent entity to draw a map that the legislature would then vote on, but the commission literally created to prevent partisan gerrymandering was unable to decide on a map that the legislature would then vote on. But the commission, literally created to prevent partisan gerrymandering,

Starting point is 00:06:46 was unable to decide on a map because of its own partisan stalemate. So with no final map produced, the Democrats basically said, "'Well, we just can't not have a map, "'so if you won't make one, we will.'" But the version the legislature passed and New York's governor signed into law

Starting point is 00:06:57 redrew lines that the Democrats could have gained as many as three new seats in the US House of Representatives, which would be massively significant in an election where Republicans are expected to make major gains, both because of public sentiment and because of gerrymandering in other states. So of course, Republicans sued,

Starting point is 00:07:09 with the lower court also striking the map down. And as far as what happens next, in their order, the appeals court justices took away the legislature's ability to make the map and instead delegated it to a court-appointed neutral expert. While the judges did say there was enough time to finish the map before the election in June, they also added the congressional primary elections

Starting point is 00:07:23 will likely need to be moved to August. And ultimately where I'll end this story is kind of on the note of Democrats sucking at gerrymandering. Because unfortunately, gerrymandering is part of our political landscape, it just happens. But the two primary parties that we have in this country handle it completely differently.

Starting point is 00:07:36 As Dave Wasserman explained in a thread yesterday, "'Shorter 2022' redistricted. It's permissible to brazenly gerrymander in some states, mostly red, but not others, mostly blue. As long as that's true, you're not going to end up with a fair or equitable national house map. Then going on to list the 13 states on track for GOP gerrymanders versus the seven states on track

Starting point is 00:07:53 for Democratic gerrymanders. And as far as court or commission maps, listing the state and noting it's 181 districts in states that Biden won, and as far as states that Trump won, it was only 26 districts. And it feels like the really unfortunate lesson we get from this story and this situation is that the more willing, and actually willing might not be the right word,

Starting point is 00:08:08 the more able you are to disenfranchise voters and manipulate maps in your favor, misrepresent populations, communities, breakdowns, the more likely it is that you will get power, which is a pretty fucked up prerequisite to get power. It feels like a common thing in life, and it's not a uniquely American thing that we penalize those who will not shed integrity.

Starting point is 00:08:29 So I guess, yeah, just naturally, why wouldn't we expect more people and groups attempting to exploit the rules? And the last thing that I wanna talk about today is actually, it's an apology. It's not even like a fake apology, like how I do 99% of the times. This is gonna be the end of the video

Starting point is 00:08:42 because I'm not great right now. I think, uh, today I just, the last two and a half months of health problems and with COVID be this week being the cherry on top. And, uh, this week just happened. Stance happened to be a short staff, just issues. Uh, I I've just beat down and I should have listened to a lot of you who said I should at least have taken one day off this week. And I didn't. And so some of you were right and I was wrong. It pains me when I can't be the best version of myself. I always try and keep it going because I feel like if I don't, you know, I'll drown. You just got to keep swimming. So I'm

Starting point is 00:09:21 going to treat today not like a failure because I still got to change at least one person's life, to put out a slightly watchable show. I think that by next Monday, I'll be good. The tires are just very thin right now. I gotta go in for a tire change. By next Monday, I will evolve from depressed, tired DeFranco to fantastic asshole DeFranco. But until then, where I'll leave you is with my name's Philip DeFranco, you've just been filled in, I love yo faces, and I'll see you next time.

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The Philip DeFranco Show - PDS 4.28 I'm Sorry...

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