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Detailed text transcripts for TV channel - FOXNEWS - 20100918:15:14:00

Send our children off to a two-year community college and then for the final two years send them to ivy league school to try to pay to get that more important so-called important college degree. isn t worth it anymore. david: emac pointed this out, the fact is right now the student loan debt is $850 billion. that is more than the $828 billion in consumer debt through credit card. this is a crisis that s growing. it is growing. it will continue to grow. what obama did this spring was say if you have a student loan your balance will be forgiven in 20 years, versus what it used to be at 25. if you go work for the government it will be forgiven in ten years. that isn t a loan. that s a grant. we shouldn t call these loans, because they simply aren t. they re operating in a very different way. you are encouraging the problem. you re encouraging people to take out these loans. you are encouraging colleges to increase their tuitions. so it s a vicious cycle. taxpayers will be on the hook ....

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Detailed text transcripts for TV channel - FOXNEWS - 20100918:15:17:00

Hoping there will be more default, anyone thinking that is mixing up the dinesh and desusa. david: i have to agree with stephane, if you are a for-profit entity, you shouldn t get taxpayer bail-out, correct? if devry or corinthian is so sure their degree is going to be worth money, let them lend their dollars, shareholder equity, not my money. david: emac you said that you look at the endowment at the college and universities have, in the billions of dollars. they re not spending that enough on student tuition. yeah, no kidding. this is an issue of supply and demand. in other words, the parents and students realize it just is not worth it. when these fat cat academics are sitting on these honey pots of endowment and not doing anything to lower tuition cost in this country, that is the worst thing. the president is going at it upside down. do a supply and demand analysis of what colleges deliver in the country. david: last word from emac. up next, unions accusing ....

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Detailed text transcripts for TV channel - FOXNEWS - 20100918:15:05:00

A lot of this is state employees. a lot of them manage to keep their jobs. it s government on all level, emac. right. to the initial point, you can shoot an arrow down a government hallway and not hit anybody on any given day but the issue is the benefit the workers are getting, 8 to 9%, 8%, 9%, 10% expected return on the state and local pension plan. bernie maddoff couldn t get away with it and he s in jail. david: speaking of maddoff, what about the s.e.c.? we thought they were going to guard crooks on wall street. they were spending their time at work looking at porn on their computers. yes and those people should be fired clearly. david: how many others do we not know about? how many other thousands or perhaps hundreds of thousand of government workers are doing the same thing? i think that exists in the private sector, too. i hate to tell you. david: not as much. it s easier to unless you know something we don t know, maybe you should fess up. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20100918:15:02:00

Cigars. david: i ll go for the cigars but i could do without the speeches. rish, what do you think rich, what do you think? we could freeze jobs right away to start. then we have to look department by department to see where we can cut. most people don t realize the federal reserve has 18,000 employees. if you had a gold standard or taylor rule for interest rates, maybe you d need 2,000 or 5,000 federal reserve employees. david: clinton, don t we need to pare down the size of government? we need to pare down the size of government but we re talking about the federal government. what neil is doing with that new workers versus absolute workers isn t a very good comparison. there is no information there. the problem is not that the federal government, the problem is state and local. federal government is 15% of total government. not talking about abstract bureaucrats, you are talking about laying off maybes, state representative and local people. that s where the bloat is. dav ....

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Detailed text transcripts for TV channel - FOXNEWS - 20100828:15:13:00

Abolish it, right? if you don t want to abolish it, allow competition or privatization, where it has to compete with everybody else. a number of companies have done it. others remove the ma noly. service improves. competition does that. why shouldn t we do it here. let the people determine where they want to go to the post office or not. david: emac, what about the far away places that stephane was talking about, fedex and ups won t deliver without a high premium. l.a. times asked ups that and they said they would not deliver to the unprofitable rural areas of the country. so how do you get the areas served? i hear what you re saying. privatization works. only in there were price caps. he s what happened in u.k., sweden and new zealand. the u.s. post office has more offices than mcdonald s and wal-mart combined. pare it back and maybe it can ....

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