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."

Sen. Ted Cruz: NOBODY should be afraid of Trump's Supreme Court justice pick

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Sen. Ted Cruz (R-Texas) joined Glenn Beck on the radio program Wednesday to weigh in on President Donald Trump's potential Supreme Court nominees and talk about his timely new book, "One Vote Away: How a Single Supreme Court Seat Can Change History."

Sen. Cruz argued that, while Congressional Democrats are outraged over President Trump's chance at a third court appointment, no one on either side should be afraid of a Supreme Court justice being appointed if it's done according to the founding documents. That's why it's crucial that the GOP fills the vacant seat with a true constitutionalist.

Watch the video below to hear the conversation:

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Sen. Mike Lee (R-Utah) joined Glenn Beck on the radio program Wednesday to talk about why he believes President Donald Trump will nominate Judge Amy Coney Barrett to fill the Supreme Court vacancy created by Justice Ruth Bader Ginsburg's death.

Lee, a member of the Senate Judiciary Committee that will consider and vote on the nominee, also weighed in on another Supreme Court contender: Judge Barbara Lagoa. Lee said he would not be comfortable confirming Lagoa without learning more about her history as it pertains to upholding the U.S. Constitution.

Watch the video below to hear the conversation:

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This week on the Glenn Beck Podcast, Glenn spoke with Vox co-founder Matthew Yglesias about his new book, "One Billion Americans: The Case for Thinking Bigger."

Matthew and Glenn agree that, while conservatives and liberals may disagree on a lot, we're not as far apart as some make it seem. If we truly want America to continue doing great things, we must spend less time fighting amongst ourselves.

Watch a clip from the full interview with Matthew Yglesias below:


Find the full podcast on Glenn's YouTube channel or on Blaze Media's podcast network.

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'A convenient boogeyman for misinformation artists': Why is the New York Times defending George Soros?

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On the "Glenn Beck Radio Program" Tuesday, Glenn discussed the details of a recent New York Times article that claims left-wing billionaire financier George Soros "has become a convenient boogeyman for misinformation artists who have falsely claimed that he funds spontaneous Black Lives Matter protests as well as antifa, the decentralized and largely online, far-left activist network that opposes President Trump."

The Times article followed last week's bizarre Fox News segment in which former House Speaker Newt Gingrich appeared to be censored for criticizing Soros (read more here). The article also labeled Glenn a "conspiracy theorist" for his tweet supporting Gingrich.

Watch the video clip below for details:


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