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Obama Admin's Plan to Brush Off Lots of College Student Debt and RIP OFF Taxpayers
As we discuss in the 10-27-11 production, college prices have skyrockets mainly because of government intervention, incentivising kids to get gubment loans for less than what the private market would demand. Bad mojo again! Inceased demand leads to increased prices, leads to more kids getting college loans that they can't pay off (can you say, HOME MORTGAGE CRISIS REPEATED?!), and then the gubment dives in even further to keep kids heading to schools they shouldn't attend.
Sad.
You might want to hit a punching bag or go jogging after you read this. You could build up a lot of frustration and anger at what the politicians are doing.
http://www.foxnews.com/politics/2011/10/26/obama-taps-taxpayers-for-stud...
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