Big govt reaps big profits off the backs of college students

In 2010, along with Obamacare, the federal government also passed student loan reform legislation. Now all student loans come straight from the federal government.

Why? Well, the Obama administration claimed that "big banks" were earning "evil" profits off of the backs of students who are just trying to get an education. Yes, the "evil big banks" are yet again to blame. If you believe that, you're probably not going to like what Glenn exposed this morning.

It seems the "big govt" is making more bank of the backs of America's college students than "big banks". After putting private banks out of the student loan business, thereby eliminating all competition, they've earned more than $51 billion dollars in profits.

$51 billion dollars off of the debt of students.

"The student indebtedness in the last few years has now gone up under this president 250%," Glenn said. "So, if you are a student, you are in more debt, 250% more debt, than before this guy got into office. And the profit for the United States of America is $51 billion."

Here's the real kicker. The combined total profit for the big banks — not just student loan profits — is $51.9 billion.

"All of the big banks, Citi, Wells Fargo, J.P. Morgan Chase, Bank of America, last year made a profit of $51.9 billion. The United States government, just on student loans, made $51 billion," Glenn said.

That's even more than the "evil" Exxon Mobile, who earned about $45 billion.

"This is why we can't be soft spoken anymore," Glenn noted. "And I don't mean that we need to start yelling and screaming.  I mean, we have to be bold.  We have to be bold because ‑‑ no, no, no.  We have to tell the truth.  The power of the truth.  There's power behind the words of truth.  And so you can shout them or you can softly speak them, but it is not you but the truth that gives those things power.  So we have to just start telling the truth."

How many times must the corporate media get something completely wrong — and attack anyone who dares to disagree — before we realize who they have become?

On the radio program Friday, Glenn Beck shared an article from the Daily Caller titled, "Eight Anti-Trump Narratives the Media Finally Had to Admit Were False All Along." From the Lafayette Square controversy to the denial that COVID-19 could have anything to do with a lab in China to the "Russian bounties" story, the list of mainstream media conspiracy theories goes on and on. If it were anyone but the liberal media who got the facts this embarrassingly wrong, they would have been out of a job long ago.

Watch the video clip below to hear eight of the most anti-Trump the narratives shamelessly pushed by the media — that were completely wrong.


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Former President Barack Obama sat down with CNN's Anderson Cooper recently for an interview scheduled to air in full on Friday. During the interview, Obama scoffed at the idea that critical race theory could be a "threat to our Republic," while claiming that "right-wing media venues" are "stoking the fear and resentment of a white population."

On the radio program Wednesday, Glenn Beck set the record straight: the right-wing media's efforts to call out the far-left have nothing to do with race in America, but rather everything to do with protecting our way of life that is being threatened more and more each day by the radical, Marxist ideology seeping into government.

"Mr. Obama, you lied," Glenn asserted. "You used the IRS to hunt down your enemy. You spied on the media. And your health care package, which was supposed to save every American $3,000 per year, has helped some, perhaps, while raising the cost of everyone's health care in double and triple percentages. But the worst thing that you did, is you planted, you watered, and you protected the Marxist seeds, by crying race."

Watch the video clip below to hear more from Glenn:

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Our sacred republic has never been in more danger than it is today. Little by little, industry by industry, the far Left is fundamentally transforming the country we love. And it's an aggressive, hostile kind of takeover we've only seen in some of the world's darkest societies.

On Glenn TV this week, Glenn Beck exposes how the Biden administration and Democrats are aggressively scrambling to reset everything: our free and fair voting system, our kids' education, our policing, immigration and border security, our economy, our military, and our energy supply.

Finally, Congressman Dan Crenshaw (R-Texas) joins to discuss how Biden's "woke" policies are threatening America's national security and our way of life.

Watch the full episode below:

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Apparel company The North Face recently stated that it would no longer make jackets for oil and gas companies because it doesn't want to be associated with the fossil fuel industry. In response, Colorado-based oil and gas company Liberty Oilfield Services rented full billboard ads to remind The North Face of the truth: "Globally, 60% of all clothing fibers are made out of oil and gas. For North Face, it is likely 90% or more."

Liberty CEO Chris Wright joined Glenn Beck on the radio program Tuesday to discuss just how much of our economy — beyond outdoor apparel and energy — wouldn't exist in a world without fossil fuels. And he warns that many companies are now deeming this truth to be "controversial."

"I have been for years, trying to get a real, honest dialogue about energy going," Chris told Glenn. "So we took this opportunity to point out that North Face jackets are ... almost completely made out of oil and gas. How can you choose not to associate with the essential material your equipment [is] made out of? So we put a billboard up ... the billboard says, 'That North Face puffer looks good on you. And it was made from fossil fuels.'"

"Most billboard companies did not want to run that billboard. They thought it was controversial," he added. "And Facebook put a hold on our brief video just saying the jacket looks good, this is what it's made out of. In today's world, that is controversial."

Watch the video below to catch more of the conversation:

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