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tv   President Johnson Medicare Phone Calls  CSPAN  August 11, 2015 9:18am-10:26am EDT

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we'll have to see how the election jumps out, i guess. see if we think we'll have trouble passing the senate again. >> from october 2nd, 1964, tennessee democratic senator albert gore senior telling president johnson that the conference committee has deadlocked on resolving differences between the house and senate versions of medicare. on november 6th, three days after lbj defeats barry goldwater in the election, the president has a call with medicare supporter and well-known pediatrician benjamin spock. >> you might be interested, on abc yesterday we taped a -- my half of a half-hour event for medicare which abc is putting on on sunday afternoon. >> oh, i'll watch it, i'll watch it. >> going on to the next step. >> do you remember what program it's on, what they call it? >> it's something issues. >> "answers and issues." "issues and answers." >> sunday afternoon.
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you'll be interested. first they had experts and analysts of the ama to take the other half of the program. and when he found that i was going to do the other half, he and the ama withdrew him. and they said that they didn't want the country to get the impression that the medical profession was split on this issue. then they got -- abc got senator power from texas. and he called them -- this was to be taped yesterday afternoon. then when tower called up abc yesterday morning and said that texas was a shambles and he couldn't come up to do it. they finally got congressman curtis. and he was doing it sometime today. doing the taping. >> well, and that is very, very interesting. i'm so grateful to you for doing it. and i want to thank you again for your wonderful help in the campaign. >> thanks for calling. >> i'll try to be worthy of your confidence. >> i've got great confidence. >> thank you so much. >> president johnson and medicare supporter and fit
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benjamin spock on november 6th, 1964. on march 23rd, 1965, the house ways and means committee approves a new medicare measure and we hear about that in a call from lbj to house speaker john mccormack. you'll also hear majority leader karl albert, house ways and means committee chairman wilbur mills, and health education and welfare assistant secretary will better cullen who speaks first. >> i think it's a great bill, mr. president. >> is that right? >> yes, sir, i think you've got not only everything that you wanted but we got a lot more on this thing. it's a real comprehensive bill. >> what -- how much will this cost my budget over what we estimated? >> well, i think it -- it would be around i'd say $450 million more than what you estimated for the mid-cost of this supplementary program. >> what do they do under that? how is that panelled? explain that to me again, over and above the king-anderson supplementary you stole from burns? >> yes.
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well, generally speaking it's fits' services. >> physician, all right. my doctor that i go out and he pumps my stomach out to see if i got any ulcers, that physician? >> that's right. >> any medical services that are m.d. services? >> any m.d. services. now -- >> all right. how do we know what -- does he charge what he wants to? >> no, he can't quite charge what he wants to because this has been put in a separate fund. >> yeah? >> and what the secretary of h.e.w. have had to do is make some agreement with somebody like blue shield, let's say, and it would be their responsibility under the way the chairman has provided the bill that they would regulate the effective use of the doctor. because what he tried to do is be sure the government wasn't regulating the fees directly. deal with the individual doctor. and the bill provides the doctor could only charge the reasonable
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charges, but this intermediary, the blue shield, would have to do all the policing so that the government wouldn't have its long hand -- >> that's good. what does it do for you, the patient, on doctors? it says that you can have doctors' bills paid up to what extent or how much? any limit? >> the individual patient has to pay the first $50. >> all right. >> deductible. then he's got to pay 20%. >> of everything after that. >> everything after that. so that he went to the doctor, he had a $1,000 bill, he'd pay the first $50. the other $950, he'd have to pay 20% of that. >> that keeps your hypochondriacs out. >> that keeps the hypochondriacs out. at the same time for most of the people it would provide overwhelming proportion of their physicians' costs. >> yes, sir. it's something that nearly everybody could endure. they could borrow that much or their folks could get them that much to pay their part. and even if they didn't have any money now. what does it get you on hospital
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and nurses home under the king-anderson act? >> under the king-anderson act you get the first 60 days of your hospital care with a $40 deductible. >> yeah, all right. >> we finally compromised on $40. >> that's good, that's good. >> then in addition, it has the three other benefits that were in your bill. namely, the home health services, the outpatient diagnostic. we fixed that amendment up the way, you remember the way the brothers talked to you and me about. then the only one change was for the home health services. that has to be after you get out of the hospital. >> that's good. all right. now, insurance companies, are they still raising hell? >> yes, i think they're going to go over to the senate, raise hell on the thing, because quite frankly, there's no longer any rule for the private insurance companies to sell insurance policies for people over 65 when you take the combination of hospital care and the physician service. >> yeah, okay.
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think that's wonderful. now, remember this, nine out of things i get in trouble on is because they lay around, and tell the speaker and wilbur to please get a rule just the moment they can. >> they want to bring it up next week, mr. president. >> you just tell them not to let it lay around, do that. they want to, but they might not. then that gets the doctors organized then they get the others organized and i damn near killed by education bill letting it lay around. it stinks. it's just like a dead cat on the board when a committee reports it, you better either bury that cat or get it some life. >> the speaker is saying to me, he says he's way ahead of you, mr. president, he's going to get that on the house calendar next week and get it going. >> well, congratulations. i'm going to talk to carl if he's there. >> all right. thankwithdrew. >> yes, sir. >> how's little john? >> that's mighty good of you. get you -- talk to john, all
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talk to owen smith and make him not let this stuff lay around so they can generation opposition to it. >> all right, yes, sir. >> march 23rd, 1965, lbj talking to house majority leader carl albert about the approval that day of a new medicare measure by the house ways & means committee. next lbj talks to committee chairman wilbur mills. >> mr. president, don't worry one minute about these doctors and insurance companies organizing against this bill. we have written the insurance people. i must admit. completely out of the field of people over 65. but the ama is blowing in all direction. i've had them in confidence come to any at the last minute telling me they would accept the payroll tax if we'd use it to finance our program with the state administering it but you couldn't have that, but they've come a long, long way. they're going in all directions. now, the insurance people are going to oppose it. there's no doubt about that. they were going to oppose hr1.
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they were going to oppose anything we did, but they got no more to oppose with respect to what we got in this bill and they would have voted for it, anyway, without with we've done. the only thing i'm concerned about, i'm very frank about it, is there's about $450 million in this bill out of the general funds of the treasury for which you haven't budgeted your situation. >> yeah, but i -- i'll take care of that. i'll do that. you see what i've done. wilbur, see, this will not hold for the rest of the year, but the first eight months, by constant cabinet pressure, by withholding and just threatening an ultimatum and being meaner than you or harry byrd, i am under this year the first eight months a billion under what you appropriated and what i said i'd spend.
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now, i think that i'll at least get where i'll be $400 million, $500 million. under that. that's number one. number two, my deficit and the budget i sent you in january, is $1 million under my deficit last year. and i've reduced the deficit $1 billion. now, i think that we can -- when they ask me about so do you want to put in $400 million, $500 million? what did i say about it? i said, you tell him we had an old judge in texas one time, we called him old wild kelly robert. and he said when i talked to him one time i might have used the constitution. he said, what's the constitution between friends? and i say, tell wilbur that $400 million is not going to separate us friends when it's for health, when it's for sickness, because there's a -- there's a greater demand and i know it. and for this bill and my other program put together, i know
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that. they last longer. >> mr. president, you will talk to mr. gordon. they came to see me. and i, too, was concerned about the impact of the tax. >> we are worried about that. >> we minimized the concern they had initially. we've revised our rates. we're in keeping with their views and i think they're completely satisfied. >> all right. what they want me to do most of the spenders said that i was not putting enough money in the economy and i'd have to put $3 billion, $4 billion in to not cut down. now they come along own say, well, you take a lot more out here. and you're not pumping anything back, you're going to get in trouble. i said, you all go see him yourself and talk to him, find some agreement. >> we've agreed and we've changed the bill. >> that's good. >> their line of thinking. >> i'll get out a statement and congratulate the committee and congratulate you and for god sakes don't let that cat stand on your porch. you say they stunk and they stunk and they stunk.
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when you get one out of that committee, you call that son of a bitch up before they get the letters written. >> you know that's the way i practice. >> i know where you learned it. let me talk to the speaker now. >> all right. here's the speaker. >> thank you. >> hi. >> well, it's mighty good. don't you let that dead cat hang around. make him give you a rule. dead cat got out of the committee report it started stinking every day. let's get it passed before they get the letters in and we'll have a damn good record because that sounds like a better bill, john, than we sent you. >> yeah. >> doesn't it to you? >> it does to me, yeah. >> i told them $450 million. you know, my philosophy and yours, you and i never argued about $450 million for people over 65, did we? >> no. >> okay, my friend. >> all right, mr. president. >> from march 23rd, 1965, president lyndon johnson and house speaker john mccormick on
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the approval that day of a new medicare measure by the house ways & means committee. on april 8th the house approved the bill by a vote of 313-115. the senate passed the measure on july 9th. a vote of 68-21. and on july 30th, 1965, medicare as part of the social security amendments of 1965, was signed into law by president johnson. the audio and information in this program courtesy of the miller center at the university of virginia. and the lbj presidential library at this sunday night on q&a, fellow and anti-war activist phillies on u.s. foreign policy since 9/11 and the war on terrorism. >> who is isis? what do they believe? why are they so violent? all those questions are important, and i address them all in the book. what's more important because it's something we can do about
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is what is the u.s. policy regarding isis? why isn't it working? are we doing the war wrong or is it wrong to say there should be a war against terrorism at all. those are the questions that in some ways are the most important and that will be the most useful. >> sunday night at 8:00 eastern and pacific on c-span's q&a. with the senate in its august break, we'll feature book tv programming weeknights in prime time on c-span 2 at 8:00 p.m. eastern. and look for two book tv special programs on saturday september 5th, we're live from our nation's capital for the 15th annual national book festival followed on sunday with our live in-depth program with former second lady and senior fellow at the american enterprise institute lynn cheney.
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television for serious readers. "american history tv" continues to look book at the 1965 medicare bill with footage from the bill signing ceremony on july 30th that year. former president harry truman was present for the event which took place at his presidential library in independence, missouri.
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[ cheering ] [ applause ]
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[ applause ] >> thank you, very much. i'm glad you like the president. i like him, too. [ laughter ] mr. president, mrs. johnson, distinguished guests. you have done me a great honor in coming here today and have made me a very, very happy man. this is an important hour for the nation. for those of our citizens who have completed their tour of duty and have moved to the
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sidelines, these are the days that we are trying to celebrate for them. these people are our prideful responsibility, and they are entitled among other benefits to the best medical protection available. not one of these of our citizens should ever be abandoned or sent for the dignity of charity. charity is dignity when you have to have it. but you don't want these people to have anything to do with charity, and we don't want them to have an idea of hopeless despair. mr. president, i glad to have lived this long. [ applause ] and to witness today the signing of the medicare bill which puts this nation right where it needs to be to be right. your inspired leadership and
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responsiveness, forward-looking and responsive forward-looking congress have made it historically possible for this day to come about. i thank all of you most highly for coming here. it's an honor i haven't had done to me for quite a while, i'll say that to withdrew. so here it is. [ applause ] ladies and gentlemen, the president of the united states. president and mrs. truman, secretary. mansfield. senator long, governor hern.
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senator anderson, and congressman king of the anderson king team. congressman mills and senator long and the mills/long team. my beloved vice president who worked in the venues many years to see this day come to pass. and all of my dear friends in the congress, both democrats and republicans. people of the united states. love and voted for harry truman. not because he gave them hell -- [ laughter ]
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-- but because he gave them hope. [ applause ] and i believe today that all america shares my joy that he is president now when the hope that he offered becomes a reality for millions of our fellow citizens. [ applause ] i'm so proud that this has come to pass in the johnson administration, but it was really harry truman of missouri who planted the seeds of compassion and duty which have today flowered into care for the sick and serenity for the fearful. many men can make many proposals. many men can draft many laws.
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but few have the piercing and human eye which can see beyond the words and the people that they touch. few can see past the speeches and the political battles to the doctor over there that's tending the intern and to the hospital that is receiving those in anguish. our feel in their hearts, painful at the injustice which denies the miracle of healing to the old and to the poor. and fewer, still, have the courage to stake reputation and position and the effort of a lifetime upon such a cause when there are so few that share it. but it's just such men who illuminate the life and the history of a nation and so
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president harry truman, it is in tribute not to you, but to the america that you represent, that we have come here to pay our love and our respects to you today. for a country can be known by the quality of the men it honors. by praising you and by carrying forward your dreams, we really reaffirm the greatness of america. it was a generation ago that harry truman said, and i quote him, "millions of our citizens do not now have a full measure of opportunity to achieve and to enjoy good health. millions do not now have protection or security against the economic effects of sickness. and the time has now arrived for
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action to help them attain that opportunity and to help them get that protection." well, today, mr. president, and my fellow americans, we're taking such actions 20 years later. [ applause ] and we're doing that under the great leadership of men like john mccormick, our speaker. carl albert, our majority leader.
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and our very able and beloved majority leader of the senate, mike mansfield, and distinguished members of the ways & means and finance committees of the house and senate of both parties, democratic and republican, because the need for this action is plain. and it's so clear, indeed, that we marvel not simply at the passage of this bill, but what we marvel at is that it took so many years to pass it. and i'm so glad that amy is here to see it finally pass and signed. there are more than 18 million americans over the age of 65. most of them have low income. most of them are threatened by illness and medical expenses that they cannot afford. and through this new law, mr.
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president, every citizen will be able in his productive years when he's earning to ensure himself against the ravages of illness in his old age. this insurance will help pay for care and hospitals, and skilled nursing homes or in the home, and under separate plan, it will help meet the fees of the doctors. now here's how the plan will effect you. during your working year, people of america, you will contribute through the social security program a small amount each payday for hospital insurance protection. for example, the average worker in 1966 will contribute about $1.50 per month. the employer will contribute about a similar amount. and this will provide the funds to pay up to 90 days of hospital
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care for each illness plus diagnostic care, and up to 100 home health visits after you're 65. and beginning in 1967, you will also be covered for up to 100 days of care in a skilled nursing home after a period of hospital care. and under a separate plan, when you're 65, the congress originated itself in its own good judgele, you may be covered for medical or surgical fees whether you're in or out of the hospital. you'll pay $3 per month after you're 65 and your government will contribute an equal amount, and the benefits under the law are varied and broad as the marvelous modern medicine, itself. and if it has a few defects, such as the method of payment of certain specialists, then i'm confident those can be quickly remedied, and i hope they will
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be. no longer will older americans be denied the healing miracle of modern medicine. no longer will illness crush and destroy the savings that they have so carefully put away over a lifetime so that they might enjoy dignity in their later years. no longer will young families see their own income and their own hopes eaten away simply because they're carrying out their deep moral obligations to their parents and to their uncles and their aunts. and no longer will business nation refuse the hand of justice to those who have given a lifetime of service and wisdom and labor to the progress of this progressive country. and this bill, mr. president, is efsh broader than that. it will increase social security benefits for all of our older americans. it will improve a wide range of health and medical services for americans of all ages.
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in 1935, when the man that both of us love so much, franklin delano roosevelt, signed the social security act, he said, and i quote him, "a cornerstone in a structure which is being built, but it is by no means complete." perhaps no single act in the entire administration of the beloved franklin d. roosevelt, really did more to win him the illustrious place in history that he has as did the laying of that cornerstone. [ applause ] and i'm so hope that his oldest son, jimmy, could be here to share with us the joy that is ours today.
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those who share that day will be remembered for the structure, you're making it in this bill, the most important addition that's been made in three decades. because history shapes man, but it is a necessary faith of leadership that men can help shape history. there are many who led us to this historic day, not out of or thesy courtesy and difference, but gratitude and remembrance which is our country's day. if i may be pardoned for taking a moment, i want to call part of the honor roll. the able leadership in both houses of the congress. congressman suller, chairman of the judiciary committee introduced hospital insurance in 1952. senator tim anderson from new mexico fought for medicare through the years in the senate.
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congressman cecil king of california carried on the battle in the house. the legislative genius of the chairman of the ways & means committee, congressman wilbur mills. and the effective and able work of senator russell long. together transformed this desire into victory. and those devoted public servants, present secretary tony calabrese. undersecretary cohen. the democratic whip of the house, on the ways & means committee. and really the white house's best legislator, larry o'brien. [ applause ]
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gave not just endless days and months and, yes, years of patience but they gave their hearts to pay for this bill. let us all remember those who sadly cannot share this time for triumph. for it is their triumph, too. it is the victory of great members of congress who are not with us like john dingell sr., and robert wagner, late member of the senate, and james murray of montana, and there's also john fitzgerald kennedy who fought in the senate and took his case to the people and never yielded in pursuit but was not there to see the final concourse of the forces he had helped to loose. it all started really with the man from independence, and so as it's fitting that we should, we
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have come back here to his home to complete what we began. as a president must, made many decisions of great moments, although he always made them frankly and with a courage and clarity that few men have ever shared. the immense and intricate questions of freedom and survival were caught up many times in the web of harry truman's judgment. and this is in the tradition of leadership. but there's another tradition we share today. it calls upon us never to be indifferent toward despair. it commands us never to turn away from helplessness. it directs us never to ignore or
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to spurn those who suffer untended in a land that's bursting with abundance. i said to the senate coming out today, the whip of the democrats in the senate, who work with us on the financial committee, this legislation, i said the highest traditions of the medical profession are really directed to the ends that we're trying to serve. and it was only yesterday at the request of some of my friends i met with the leaders of the american medical association to seek their assistance in advancing the cause of one of the greatest professions of all, the medical profession. in helping us to maintain and to improve the health of all
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americans. and this is not just our tradition or the tradition of the democratic party or even the tradition of the nation. it is as old as the day it was first commanded. thou shalt open thine hand wide unto thy brother, to thy poor, to thy needy in thy land. and just think, mr. president, because of this document and the long years of struggle which so many have put into creating it, in this town and a thousand other towns like it, there are men and women in pain who will now find ease. there are those alone in suffering who will now hear the sound of some approaching footsteps coming to help.
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there are those faring the terrible darkness of despairing poverty despite their long years of labor and expectation who will now look up to see the light of hope and realization. there just can be no satisfaction nor any active leadership that gives greater satisfaction than this. and perhaps you alone, president truman, perhaps you alone can fully know just how grateful i am for this day. [ applause ]
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>> come on over here. [ applause ] [ applause ]
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from capitol hill today, a discussion about credit card security and a look at the differences between chip and pin
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technology and the steps taken by the government and retailers to better protect against fraud and identity theft. the discussion hosted by the group protect my data will be live at noon eastern time on c-span2. and later, epa administrator gina mccarthy will talk about the agency's new regulations. president obama unveiled the new rule last week as part of his climate change initiative. you can watch live coverage starting at 12:15 on c-span. next on c-span3, we'll show today's "washington journal" starting with your calls on paying for college. >> we'll get to your calls here in just a second. first wanted to show you what hillary clinton had to say yesterday, her plan, $350 billion plan for student loans. here she is. >> under the new college compact, no student should have to borrow to pay tuition at a
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public college or university. [ cheers and applause ] schools will have to control their costs and show more accountability to their students. no more 42% increases over ten years, way above the rate of inflation of anything else. states will have to meet their obligation to invest in higher education. [ cheers and applause ] the federal government will increase its investment in education and will not profit any longer off of student loans.
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and everyone who already has student debt will be able to refinance it at lower rates. >> hillary clinton yesterday on the campaign trail talking about her $350 billion proposal on student loans. here's how it would work according to "the wall street journal." under the plan, the u.s. would send large grants to the states, which would then ensure that students can pay tuition without taking out loans. there are strings attached. states would be required to lift higher education spending. families would have to contribute what they can afford. and students would be required to work ten hours a week. the plan also includes an obama administration proposal for two years of free community college. together these ideas would cost about $200 billion over ten years. refinancing debt. the plan would revamp the
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federal student loan program for people who already hold student loan debt as well as current students at private schools. people could refinance at lower rates or get lower rates in the first place and cap payments at 10% of discretionary income. if any money is still owed after 20 years, it would be forgiven. this portion of the program is estimated to cost $125 billion over ten years. the entire plan would be paid for by capping deductions for high-income taxpayers. well, who likes this plan? the plan is welcome by activists who have pushed candidates to support bold proposals on college affordability. who doesn't like it? the plan was attacked by republicans as a tablgs increase and a new dose of federal control. there is bipartisanship on this issue. while there are deep divides over the solution, "the wall street journal" reports there's remarkable consensus on the problem. education-related debt is now the highest form of household
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debt except for mortgages. so we turn to all of you this morning to let washington and these candidates know what your experience has been like to pay for college. casey in westminister, massachusetts, you have student loans. casey, good morning. you're on the air. >> caller: good morning. yeah, i have student loans, and they're manageable. i pay them each month, but i'm just troubled with the fact that presidential candidates are even wandering into this in the first place. >> why is that? >> caller: well, where in the constitution does it say the united states federal government should be, you know, micromanaging and dictating how public and private universities are conducting their businesses? if colleges and universities need to lower their costs, why aren't they lowering their costs themselves? >> why do you think it is? the demand is still there.
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so they feel -- i assume they can just keep raising the costs. >> caller: well, of course. the money is going to be there, so why not? >> so what do you do though? >> caller: they're in the business to make money. they're not necessarily interested in educating people per se. i'm not a big college sports fan, but there are probably dozens of universities across the country with multi, multi, multimillion-dollar sporting complexes. when you make something too easy to get, of course people are going to, you know, try to take advantage of it and get these loans. a lot of people probably shouldn't be going to college in the first place. >> okay. so what do you think the federal government should do then? eliminate grants to these -- to colleges? in order to eliminate that money. >> caller: i just think the more
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the government gets involved in decision making that should occur at a local level, the worse things get. and that's my comment. thank you so much. >> all right. let me read this from "the wall street journal" editorial board this morning. they're weighing in this morning. clinton takes taxpayers to school is their take on it. they write this. the government has since the 1960s dumped truckloads of money on colleges and students. the result of which has been higher tuition. schools pocket the subsidies and pass on the costs. a july report from the new york federal reserve found every additional dollar in aid and subsidized loans led colleges to raise tuition as much as 65 cents. so that from "the wall street journal" this morning. here's how former florida governor jeb bush responded on -- here's what he's had to say on student loan debt. we need to change the incentives for colleges with fresh policies that result in more individualizization and choices, drive down overall costs, and
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improve the value of a college degree, which will help lead, he says, to real, sustained 4% economic growth. what are your thoughts on this? francis in tennessee. francis, you have paid off your student loans. good morning to you. tell us what your experience was like. >> caller: i took out student loans years ago, and i became a teacher and as a result half of my loan was wiped off the books at that particular time. but i knew this morning that this would be the subject that when hillary speaks, you all will have her on the program or present her in a way that is pleasing. you defended everything about it with the man from massachusetts. you are the one who was giving all of the ideas that supported hillary. and people who want to go to college, if they're really interested, they can study hard in high school and get
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scholarships. there are a lot of scholarships out there that are hardly even taken up, and we have a lottery in tennessee that pays for scholarships. when they get to college, if they do their work, they can continue through four years of college to get aid from the state of tennessee. so there are lots of ways. and again, the fellow from massachusetts was right. the federal government just wants to get bigger. keep putting its hands into the pockets of people who will never get to go, who will never get to go to college. >> okay. all right, francis. it's not just hillary clinton that's talking about it. here's marco rubio at a recent campaign event talking about his legislation, student right to know before you go act, which deals with student loan debt. take a listen. >> we need to reform traditional higher education as well. we can no longer afford to graduate people from school with loans and degrees that do not lead to jobs. and that's why i believe that before any of our young people
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take out student loans, that school has to tell you how much you can expect to make when you graduate from that degree, from that school, so people can decide whether it's worth bo borrowing tens of thousands of dollars to major in basket weaving. my apologies to the basket weavers. >> senator marco rubio talking about student loan debt and what he would like to see done on this issue. politico put this piece together. "colleges in the 2016 crosshairs," democrats want to make college cheaper or free, republicans can attack the higher education system. this is what politico writes. the surge in candidates' collective interest in the issue isn't a coincidence. nearly half the students who answered a recent ucla survey on the importance of financial aid in their college decision making said it was very important. the highest percentage ever in the 42 years the question was
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asked. a gallup poll earlier this year showed students were more worried about paying for college than any other financial concern. sticker prices adjusted for inflation have tripled for public four-year college and more than doubled for private in the last three decades. the nation faces a collective $1.2 trillion in student loan debt. there's a fear among many voters that they or their children will be shut out of higher education altogether. so in morristown, new jersey, ed who paid off those student loans. >> caller: good morning. i not only paid mine off but my wife's as well. >> what was it like? >> caller: excuse me? >> what was it like? when was this? how much did you have to pay? >> caller: this was probably -- between the two of us, about $100,000. this was back in the '60s and '70s that we went to school. my wife got some partial scholarships. there is a lot of scholarship
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money out there. she had a very weird one where it only benefitted people from duchess county, which is a small county in upstate new york. but there's a lot of specific ones like that, that people aren't aware of. if you want to go to college, there's also the state schools. in new york city, there's the city university, which is almost free. i know it's a few thousand dollars now, but compared to private schools, that's almost free. so there are a lot of ways of getting an education, but what i fail to see is why does every kid have to go to college? what's wrong with the trade schools and vocational schools? all my nephews and nieces are in the trades. for example, the carpenter's union has a five-year training program. the electricians, same thing. all these trades have several
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years of school, which they don't pay for. they're part of the job. this is what i wonder, why are we pushing kids that really should not be in a higher education setting into situations where they'll run up a lot of debt and not be able to find a job. >> okay. so ed, you think this -- i mean, bernie sanders is calling for free education, college education. >> caller: well, that's because he's a socialist. as margaret thatcher said, socialists are great until they run out of everybody else's money. >> ed, before you go, let me ask you this. how much -- how many years did it take to pay off that 100,000, and how big were your monthly payments? >> caller: i don't remember how much the monthly payments were, but it took about 20 years. >> okay. do you remember it being a burden every month, that it was difficult to find the money for the payment or that it was
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stretching you? >> caller: no, i was able to budget my expenses properly and live within my means. >> okay. take a look at this. "business insider" put together charts on the current student loan situation. the 90-day delinquency rate for student loans has risen to 11.3%. for context, the rate for mortgages has dropped to about 3.1%. and credit card delinquencies have reached historical lows, according to the fed. one fact here is that delinquency is not limited to borrowers who took out huge loans to attend law or medical schools. what's interesting is that it's not just people with high amounts of debt having delinquency problems. even people with only 5,000 or 10,000 are still going delinquent. the hardest hit age group has been people in their 30s. 30-somethings have seen their outstanding student loans nearly triple since 2014 as they return to college during the downturn or attended graduate school because loans became more
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accessible. we'll go to nicole in illinois. you have student loans, nicole. good morning to you. what's it been like? >> caller: well, i have a little bit more of a recent story than the previous caller. it's been awful. i went to nursing school back in the mid-1990s. i was a single mother. i did ask for scholarships, wasn't given hardly any, had to take out student loans to fund my tuition. the local -- you know, the state schools, they have waiting lists that, you know, sometimes if you want to get into nursing school, you have to wait one or two years to get into the program. people want to finish their education, you know, quicker. so you turn to the private schools. i came out in 1999 with a
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bachelor's in nursing with about $80,000 in student loan debt. my payment was about $1200 a month, which was not doable for a single mother with two kids. had to put the loans into forbearance. as you put the loans in forbearance, the interest will still accrue. my student loan debt has now climbed to over $350,000 as of today because that interest rate keeps on adding and, you know, just building up and building up. i just cannot make this payment. i'm back at home with my mother and i'm 43 years old. >> are your kids still with you, still living in your house? >> caller: yes. i have, you know -- all three of my kids are still with me. my oldest daughter is now in
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school. she is not eligible for any financial aid because of my income as a nurse. so now she's taking student loans out as well. i see the cycle starting to repeat itself. i'm really hoping with this new, you know, reform that's being proposed -- or i'm not sure if it's even proposed yet. if hillary gets into office, you know, it's something that i would really hope to benefit from because now my student loan debt is -- well, you figure i graduated in 1999. >> and you were able to get a nursing job. you've been a nurse for how many years? do you mind telling us your salary? >> caller: i'm making 90,000. i do have a job with the federal government. i work for department of veterans affairs. i have a very good job, except the student loan debt is just something that i haven't been
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able to buy a home. i can barely purchase a car because of this payment. it's just as ttronomical. >> okay. thank you. jan, you have student loans. >> caller: i went to school in the '80s. college was affordable then. my daughter is in college at a state university. it's $25,000 a year. she goes up every year. she's had to take out student loans to be able to go. i couldn't help her to pay because of the economy. i ended up losing my job several years back. so she was left with no choice but to borrow money to go to school. either that or not go. there's not enough scholarships out there for everyone. my first husband was a college professor. he was on the scholarship committee for the university, a
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state university. there's just not enough scholarships out there for everybody who wants to go and needs to go. this country can't afford to not allow people to advance and get higher education, or we will remain competitive in the world. some states have offered alternatives if you make as and bs, like georgia. and tennessee has the lottery. but not every state has that. even alabama had a program for parents to invest in so they could go to the state college. it went broke. they didn't manage it properly. so there needs to be an alternative now that the cost of education is so high. i need to go back myself because the world has changed. the degree i have is no longer has marketable out there because
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the technology has changed. so i need to go back myself to keep up to get a better job, but there's no way i can go right now without borrowing funds. >> all right, jan. jim, you've paid off student loans. good morning to you. >> caller: good morning, ma'am. well, before we institute a forgiveness plan, we need to make better friends. ms. clinton has proven that power is a curse, and she deserves no more. i've not actually encountered loans. i've had to pay off either each semester i've paid grants. that's been a blessing. i've probably paid back over two-thirds in taxes to the federal or state government.
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and that's been really a blessing because it's helped me understand that the federal government has the constitutional authority to micromanage the economy through these student loans and other things because if it wasn't for us, there wouldn't be an economy. so by then delegating a scheme for us to go through school is probably the biggest bailout next to corporate welfare. >> all right. robert in commerce township, you have student loan debt. robert, good morning. >> caller: good morning. all those loans out there are expensive for the children. when you see home loans, small business loans, et cetera, at
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2%, 3%, 4% interest rate, i'm just wondering why the government is gouging these kids when it's all said and done. one other comment is one gentleman was saying about vocation education, et cetera. kids don't -- why go to a four-year college? i would like to see a fundamental restructuring in allowing our children, you know, to go two years for a specialty in whatever they may be in. >> robert, i apologize. breaking up there. on your point, let me show you "the new york times" editorial board this morning with their piece, "the college affordability crisis." the board writes this. students and their families are paying more for college and going deeper into debt every year. about 60% of graduates from four-year public universities had student loans in 2013. on average, they owed $25,600, up 20% from 2000 after adjusting for inflation. they're paying more in large
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part because state governments reduced higher education spending by 25% per student between 2000 and 2014. more than 11% of total outstanding loans are delinquent by more than 90 days compared with 6% in 2005. "the new york times" goes on to say that hillary clinton's plan, along with other democrats' plan, has one problem, a big unanswered question is how states would react to what hillary clinton and others are proposing. "new york times" goes on to say this as well, that senator marco rubio of florida has highlighted his own struggle with student loan and has supported linking loan repayments to borrowers' income. but he does not have a comprehensive plan. another republican candidate, governor scott walker of wisconsin, has caused great harm to the university of wisconsin's system by cutting 250 million from its budget, which is forcing administrators to raise
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tuition for some students. the country has a college affordability crisis, but candidates from only one party are taking it seriously. that's what "the new york times" believes this morning. we're getting your thoughts on student loan debt. what's your experience been like paying off these student loans and paying for college? we're going to keep getting your thoughts on that this morning. in other news, we'll start with politics. "the washington post" this morning, their editorial board, they say this about donald trump. "the aimless torchbearer." mr. trump may have struck a cord, but he's not the truth teller he purports to be. what takesal sent what you might call political anger management. to identify legitimate complaints and turn them into a constructive direction on behalf of a governing prescription. mr. trump with his simplistic demands for a massive tariff on chinese imports or his insistence that the mexican
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government is deliberately sending criminals to the united states shows no sign of possessing such capability. he shows no sign of acknowledging the need for it. well, many of you know the criticism that donald trump has had for fox news and its moderators of the fox news debate. he came to twitter yesterday to say this, that he had a phone call with roger ailes. he's a great guy, says donald trump, and assures me that trump will be treated fairly on fox news. his word is always good, says donald trump, on twitter. megyn kelly had her show last night, and this is what she had to say about what donald trump has been saying over the weekend. >> mr. trump was upset with a question i asked him at the debate last week about his electability and specifically comments he's made in the past about women. a few words on that.


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