Posted on 09/09/2014 7:41:20 PM PDT by Lorianne
Back in 2010, the New York Times ran a story about an Austrian guy who broke off his engagement with his American fiancee because of her $170,000 student loan debt from attending medical school. Everyone expressed their “OMG That’s horrible!” on social media and like typical Americans were back focusing on American Idol or Dancing With The Stars two minutes later.
Since 2010, student loan debt has reached $1.5 Trillion and this growing debt is second only to mortgage debt in the U.S. This higher and is bigger than the debt the nation of Colombia owes the IMF.
As you can see from last night’s installment of Last Week Tonight With John Oliver private colleges and universities are not only using the same sleazy tactics that mortgage lenders like Dan Gilbert and Angelo Mozilo used to create an artificial housing boom, they have taken the level of sleaze to astronomical proportions.
As our friends at Gawker have pointed out, “It’s hard to decide what’s worse: bullying prospective students using their “pain points,” sending nursing students to a Scientology museum to learn about psychiatry, or scamming veterans out of their G.I. Bill benefits.”
You take this and couple it with lazy and barely competent state legislatures most of whom allow lobbyists to write legislation for them and couldn’t handle the pressures of the private sector, who use cuts to public higher education as the first things on the chopping block during budget negotiations and you get a crisis the world hasn’t seen since the fall of the Roman Empire.
(Excerpt) Read more at mfi-miami.com ...
Well we have to keep liberal elites working at colleges in cushy, high paying jobs.
What would you have liberal elites living like ordinary people?
What year was it that the Messiah announced the gummint was taking over college loan responsibility? 2010? 2011? 2012?
Everything he touches turns to .....
Another benefit of the Federal Reserve and its ability to print massive amounts of money, monetize government debt, and manipulate interest rates.
How better to enslave people than to have them deeply in debt to you - first for your home, then for your education.....
The push begins to offload the costs of leftist indoctrination onto the backs of normal Americans.
Just like my tagline says: “Once the tainted finger of government touches anything the rot begins”
There is absolutely no example in which the government ever became involved with a private enterprise that the costs of their product or service suddenly soared out of control.
The government always created a solution to a problem and then goes out and creates that problem which will require their solution. College is no exception.
In one way or the other, the government will make financial slaves of the population through the IRS or any of the thousands of various “traps” they lay for the populace.
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