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Bernie Sanders unveils plan to forgive $1.6 trillion in student loan debt
Are we learning? This is what happens when you create timebombs. The government gets involved in subsidizing something. The price goes up. Nobody can afford it. Except the Chinese. Who send their students over here at exorbitant tuition rates (which makes the universities happy). Our students get screwed out of an education so the foreigners we educated take over. The students we have take these loans in some liberal arts major and leave school with debt the size of a mortgage to start life with. They feel screwed. Socialism offers an answer (which ultimately leads to no money for anything, including defense). And the spiral begins. It's like someone planned it this way. Sen. Bernie Sanders unveiled a plan on Monday to eliminate virtually all student loan debt ‐ about $1.6 trillion held by 45 million Americans ‐ in the most ambitious proposal yet to address the issue from the two dozen Democrats running for president in 2020. The plan is part of Sanders' proposal to make public universities and community colleges tuition-free. His previously unveiled College for All plan calls for the federal government to provide $47 billion a year toward tuition and for states to provide an additional $23 billion a year. Posted by: gorb 2019-06-25 |
| http://www.rantburg.com/poparticle.php?ID=544146 |