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political spectrum pledging to cancel up the $10,000 for those making less than $125,000 and year and twice that for pell grant recipients. >> bill: $300 billion is the latest hand out on a tab topping $4 trillion. republicans call it reckless. >> this sends the wrong incentives telling people if you did pay your loan on time and you did the stand-up thing, you are a sucker. >> this is just another example of politicians saying give it to me and then we'll take it from the people. >> of all the dumb things joe biden has done this may be the dumbest yet. it is stiff competition. >> bi...

families can't buy baby formula. >> bill: 40% of brands are out of stock nationwide. one republican lawmaker saying she is hearing from border agents who say their facilities have entire pallets of formula set aside for illegal immigrants crossing the border. >> these agents themselves have families and they have family members that can't get this baby formula in the stores. in texas and arizona, new mexico. the richest nation in the world and we're scrounging around for baby formula? >> the formula crisis is just one of many disasters facing biden's administration. americans scroung...

>> dana: incredible. >> bill: on the economy by the way. want to get to this. economy shrank at a slightly lower pace second quarter. revised to .6. a sliver of good news. >> dana: one of the things when people watch bill hemmer at the board and showing them how close those senate races are, one of them is in ohio. tim ryan is a congressman running against j.d. vance trying to run as a moderate democrat. the guy for the working people. he immediately knew it was a bad decision by president biden for him. as someone paying off my own family's student loans the costs of higher education are too ...

It saves you $300 a month. that's a quick example how a short-term buckle down, get after it and then you can return back to normal hours. but it is also a function of saying again once i've got my money under control and i have a budget and i know what's going on, we're sitting in the best job economy in the history of the united states. we're hurtling towards 40 million people have changed jobs since august of 2021. they are getting paid more. there is opportunity to get out of this financial mess and create margin by cutting expenses and making more money. >> dagen: real quick, ken, that's ...