GREG GUTFELD (CO-HOST): This is the question that no one asks, how do you do this? When you forgive debt, how do you do this? The Dems never ask that question. Does the debt hop on the back of a unicorn and fly away? No, somebody has to foot the bill. Now is it going to be the banks? I don't think they're going to foot the bill, is it going to be the colleges? I'd love to see that. You know who's going to foot the bill? You are and you're going to be ticked off because you paid your loan already and you secretly know that the person that's getting their debt forgiven is just as well off as you are there because you know a lot of them are going to be white middle-class liberals who have wealthy parents who could easily pay it off.
If you want to pay off some somebody's debt, here is my suggestion, if the average college loan payment is 393 bucks, the average monthly payment for a used car is $381, why not cancel the debt of all the used cars because that used car will -- the owner will use that far more than many of these people are using their college degrees, a pickup truck in Idaho is way more valuable than a fine arts degree in Brooklyn and it's way more democratic to forgive auto loans for people using their cars than for the idiots that chose degrees that do nothing for them. People should not be paying for other people's mistakes.