It up on the screen. astronomical numbers people ages 25 to 34 are facing. $15 million outstanding, 477 billion the average per student, 31,000, charles. a big discussion what to do about this. where do you land? 1.5 trillion of student loan debt. the federal government created this problem when president obama took over and took it from banks, idea we would rubber stamp all student loans. tuition went through the roof when that happened, colleges got bigger, campuses got bigger, so did the loan get. and my problem with the cancelling all debt. 70% of folks with professional degrees owe money. on average, $199,000. you say oh, that s so much money. and their lifetime on average, make 3.6 million. put it to you this way.
I mean, if those are the numbers i tell you why the latest jobs plan, which in many ways reflects the stimulus bill of february-09, about half, but 80% didn t like that or feel an impact, he is trying to do stimulus 2 and he won t win those 80% back at all. they are going to say, try something niewsm. noose what i put moo my column in the wall street journal. looking at jobs plan, the president is saying, okay, i had a failed stimulus program, so let s try the same thing again. this stimulus 2 has many provisions that are repeats of past policies that have not had an impact. for example, $175 billion, the largest element out of $477 billion 2 plan goes to continue the payroll tax holiday. that undermines the solvency of social security. but since we newted the holiday
It s simple with prilosec otc. one ll a day. twenty-four hos. zero heartburn. no heartburn in the first place. great. shannon: this week unemployment held at 9.1% for theç third month in a row even though the up in of jobs created increased this month. president obama is putting pressure on the senate to pass his 477 billion dollar bill next week. joining us democratic congresswoman lynn woolsey. congresswoman, thanks for joining us today. thanks for having me shannon. shannon: i want toç ask you something that played out in the senate this week. there s been a call to get this bill to a vet. mitch mcconnell tried to do that, harry reid stopped that effort. are there problems with the bill why don t democrats want to vote on it at this point?
Look these days. his plan, $477 billion, it is unclear not only whether the president s plan will do those things, but there are a string of plans out there and our next guest says his plan will at least address our infrastructure problems. he says this is not instead of the president s plan, but in addition to. joining us now, democratic congressman greg meek from new york. and congress mman meeks, before start peppering you with questions on a monday afternoon, tell us what you re thinking. i m thinking about putting americans back to work and i m thinking about our crumbling infrastructure so we are able to compete with countries all over the globe. and the best way to do that, in which we did back in the 50s and the 40s, is which he developed infrastructure. our trains need to be revitalized, our airports, our highways. so we need to do that. that help puts folks back to work. it helps people particular who may not have a college diploma. if you look at the unemployment
I like math on this program. as you remember, nay just had an $858 billion in tax cuts over the next two years. when you subtract the $200 billion they just cut to the $858 billion in tax cuts, you still have $658 billion to go and you still haven t made it up. these cuts, whether it s obama or the republicans, it s not putting a dent in the budget because of the giant tax cuts. we keep focussing on the wrong problem. let me prove it to you without a shadow of a doubt. the projected deficit in 2011 is $1.6 trillion. the whole nondefense discreti discretionary spending budget in 2010 was $477 billion. do you know what that means? that means if you took nondefense discretionary spending, okay, all of it, all of it, wiped it out to 0, that s it, we cut everything outside of