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Of the debt was from law school. our undergraduate debt was not as great because tuition had not started shooting up as high. bottom line is this, we've got a crisis in terms of college affordability and student debt. over the past four years, what we've tried to do is take some steps to make college more affordable. so we enacted historic reforms to the student loan system, so taxpayer dollars stop padding the pockets of big banks and, instead, help more kids afford college. what was happening, the old system the student loan programs going through banks, they didn't have any risk because the...

Alleviate the kind of historical problem of viewing african-americans as inherently criminal. it actually goes way back to the colonial period. it's always been with us. so it's something that, again, requires education. it requires integration. but the other piece of this is that there has to be an economic component to change that will actually give african-american males in inner cities the belief that they can actually some day find a job. one thing to do in doing all of these other changes is to have realistic student loan programs that allow people who are poor, black and white, to get a...

You had the war on afghanistan, which i supported and almost all of the members of congress did, because those were the people that attacked us. but then, you had the war in iraq and both afghanistan and iraq were fought as quote emergencies, which means they weren't included in the annual deficits. so, now, when they're talking about a budget that cuts student loan programs for gi members, people coming back from iraq and afghanistan now they're not getting their student loans. because this was all fought off budget. i think that's political malpractice on the part of the republican party. th...

Tax loophole? are you willing to have teachers laid off or kids not have access to headstart? or deeper cuts in student loan programs, just because you want to protect a special tax interest loophole that the vast majority of americans don't benefit from. that's the choice. that's the question. >> joining us now is ezra klein, columnist for the "washington post" and bloomberg news, and our msnbc policy analyst. ezra, it's great to have you here. thanks for being here. >> good evening. >> if everybody agrees that the cuts that are to go into effect next friday, the sequester, if everybody agree...

Laid off or kids not have access to head start, or deeper cuts in student loan programs just because you want to protect a special tax interest loophole that the vast majority of americans don't benefit from. that's the choice. that's the question. >> gretchen: i don't understand is, in the debates way back before the election in november, the president said that he wanted to solve this sequester problem. if you are the president of the united states, don't you have the power to figure out how to solve this? that's six months ago now already. now we're coming down to the deadline of march 1. t...