Free Republic

You could not be more right!

I was sitting in a restaurant waiting for a table the other night and I overheard two guys sitting next to me who work in the Eagle Ford shale oil/gas fields in TX.

They were talking about the fact that they cannot find enough skilled tradesmen (or even unskilled workers who are willing to be trained) to take the jobs that they have available in the oil and gas fields.

They said that someone straight out of high school could start an apprenticeship (which the employers are willing to pay for) and could easily be making 100K+ within just a few years.

No takers.

But a high school graduate (and his co-signing broke family) will gladly become an indentured servant... going tens of thousands, even hundreds of thousands of dollars into lifelong, non-dischargable student loan debt, in order to further enrich liberal professors and multi-million-dollar salary college presidents, while being indoctrinated for 4 years in the art of victimhood/entitlements/guilt and graduate with a worthless degree that qualifies him to work at Starbucks.

Then, he’ll cry to his fellow underemployed, over-indebted adult-child “friends” on Facebook and Twitter night and day about how unfair the system is.

Sad, sad days in America.

Text below is copied from this link: http://www.wrisley.com/cycle.htm

Cycle of Democracy

“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover they can vote themselves largess from the public treasury.

“From that moment on, the majority always votes for the candidates promising them the most benefits from the public treasury, with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.

“The average age of the world’s greatest civilizations has been 200 years. These nations have progressed through this sequence:

“From bondage to spiritual faith;
from spiritual faith to great courage;
from courage to liberty;
from liberty to abundance;
from abundance to selfishness;
from selfishness to apathy;
from apathy to dependence;
from dependency back again into bondage.”

Dr. Alexander Tytler, a Scot professor, wrote a scholarly tome, from which this concept comes, called “The Athenian Republic” which was published shortly before the thirteen American colonies gained independence from Britain. “Google” him to learn more.

The same type of list could easily be laid out detailing what it would take to solve a much bigger problem... the fast-approaching financial disaster of SSI and Medicare.

Getting housing back to it’s real non-government-subsidized value will not happen voluntarily.

Doing the things to make that happen would cause EVERYONE so much unimaginable pain, it is politically impossible.

Anyone who tries will be burned at the stake by an angry mob.

It is much easier to increase the dosage of opium and lull the ourselves back to sleep.

Only an economic catastrophe of proportions that we cannot imagine will do it for us.

We’ll never, ever initiate it ourselves.

We have $50 to $200 trillion in unfunded SSI/Medicare liabilities.

Our national gov’t has $15 trillion in debt.

Consumers have $12 trillion in debt.

States have trillions in debt.

Companies have trillions in debt.

Pensions are underfunded by $2 - $4 trillion.

Not to mention a $ amount of CDO’s that we cannot quantify.

Tens of millions of people who are approaching retirement without a dime in their pockets.

Tens of millions of people who are financially illiterate and deeply indebted.

And the list goes on...

The system will one day finally, violently implode and the people who are around at that time will have to re-build from the rubble.

The student loan program that King Obama announced this week is typical vote-buying welfare that invites abuse and fraud.

True story. I struck up a conversation with a woman in an airport while waiting for a flight. The economy and the plight of recent college graduates came up. She openly (without a hint of shame) told to me how her daughter plans to take advantage of Sugar-Daddy Obama’s generosity.

Her daughter is majoring in a graphic design program at an expensive CA university and already has $56,000 in student loans.

Realizing that the labor market is depressed, instead of graduating, she is staying in school and living off student loans as long as she can. Which is what millions of others will do too.

She has no incentive whatsoever to limit how much debt she racks-up. She knows that she will not be held accountable to pay it back. Why stop at $56,000? $100,000! $150,000! $200,000! Sky’s the limit when you are spending free money!

After 20 years of repaying not much if any of her student loans, her debt will be forgiven.

How neat! Like free money or something!!

She added insult to injury by telling me that in her daughter’s line of work, many times she will be paid cash or on a 1099/self-employed basis.

So, since her daughter doesn’t plan to show much income on her tax returns anyway, the 10% of discretionary income will be practically 0. She plans to pay back almost ZERO!!

I shudder to think that we already have $1 trillion in student loan debt. With a government give-away like this one, we could easily double that to $2 trillion. What happens when the gov’t has to start forgiving 100s of billions in dollars in student loan debt?

Who pays for it? The money was spent. Somebody expected to get paid back. Who loses and/or who pays it if not the student?

That is exactly how the system will be gamed.

Those brainwashed kids standing behind Obama and cheering in front of him have idea how quickly he is destroying their country. So sad.

Easy, cheap, government-guaranteed money caused the housing bubble. Now it has caused a higher education bubble.

This is the vote-buying politicians’ way to keep the bubble inflated and keep the money flowing to one of their best mouth-pieces... liberal professors.

And the politicians won’t stop bribing the people with their own money until we are Greece on steroids.

I am profoundly sad to say that this woman was NOT an Obama-supporting liberal.

That is what happens when a country goes Socialist.

EVERYONE takes as much as they can, until there is nothing left to take.

As Prof. Alexander Frazer Tytler supposedely said back in the 1800’s (paraphrasing): A democracy cannot exist as a permanent form of government. It can only exist until the voters discover they can vote themselves largesse out of the public treasury. From that moment on the majority always vote for the candidate promising the most benefits from the treasury with the result that democracy always collpases over a loose fiscal policy, always to be followed by a dictatorship.

That describes Greece today. It could very well be America soon.

The student loan program that King Obama announced this week is typical vote-buying welfare that invites abuse and fraud.

True story. I struck up a conversation with a woman in an airport while waiting for a flight. The economy and the plight of recent college graduates came up. She openly (without a hint of shame) told to me how her daughter plans to take advantage of Sugar-Daddy Obama’s generosity.

Her daughter is majoring in a graphic design program at an expensive CA university and already has $56,000 in student loans.

Realizing that the labor market is depressed, instead of graduating, she is staying in school and living off student loans as long as she can. Which is what millions of others will do too.

She has no incentive whatsoever to limit how much debt she racks-up. She knows that she will not be held accountable to pay it back. Why stop at $56,000? $100,000! $150,000! $200,000! Sky’s the limit when you are spending free money!

After 20 years of repaying not much if any of her student loans, her debt will be forgiven.

How neat! Like free money or something!!

She added insult to injury by telling me that in her daughter’s line of work, many times she will be paid cash or on a 1099/self-employed basis.

So, since her daughter doesn’t plan to show much income on her tax returns anyway, the 10% of discretionary income will be practically 0. She plans to pay back almost ZERO!!

I shudder to think that we already have $1 trillion in student loan debt. With a government give-away like this one, we could easily double that to $2 trillion. What happens when the gov’t has to start forgiving 100s of billions in dollars in student loan debt?

Who pays for it? The money was spent. Somebody expected to get paid back. Who loses and/or who pays it if not the student?

That is exactly how the system will be gamed.

Those brainwashed kids standing behind Obama and cheering in front of him have idea how quickly he is destroying their country. So sad.

Easy, cheap, government-guaranteed money caused the housing bubble. Now it has caused a higher education bubble.

This is the vote-buying politicians’ way to keep the bubble inflated and keep the money flowing to one of their best mouth-pieces... liberal professors.

And the politicians won’t stop bribing the people with their own money until we are Greece on steroids.

I am profoundly sad to say that this woman was NOT an Obama-supporting liberal.

That is what happens when a country goes Socialist.

EVERYONE takes as much as they can, until there is nothing left to take.

As Prof. Alexander Frazer Tytler supposedely said back in the 1800’s (paraphrasing): A democracy cannot exist as a permanent form of government. It can only exist until the voters discover they can vote themselves largesse out of the public treasury. From that moment on the majority always vote for the candidate promising the most benefits from the treasury with the result that democracy always collpases over a loose fiscal policy, always to be followed by a dictatorship.

That describes Greece today. It could very well be America soon.

Excellent job!

The student loan program that King Obama announced this week is typical vote-buying welfare that invites abuse and fraud.

True story. I struck up a conversation with a woman in an airport while waiting for a flight. The economy and the plight of recent college graduates came up. She openly (without a hint of shame) told to me how her daughter plans to take advantage of Sugar-Daddy Obama’s generosity.

Her daughter is majoring in a graphic design program at an expensive CA university and already has $56,000 in student loans.

Realizing that the labor market is depressed, instead of graduating, she is staying in school and living off student loans as long as she can. Which is what millions of others will do too.

She has no incentive whatsoever to limit how much debt she racks-up. She knows that she will not be held accountable to pay it back. Why stop at $56,000? $100,000! $150,000! $200,000! Sky’s the limit when you are spending free money!

After 20 years of repaying not much if any of her student loans, her debt will be forgiven.

How neat! Like free money or something!!

She added insult to injury by telling me that in her daughter’s line of work, many times she will be paid cash or on a 1099/self-employed basis.

So, since her daughter doesn’t plan to show much income tax on her tax returns anyway, the 10% of discretionary income will be practically 0. She plans to pay back almost ZERO!!

I shudder to think that we already have $1 trillion in student loan debt. With a government give-away like this one, we could easily double that to $2 trillion. What happens when the gov’t has to start forgiving 100s of billions in dollars in student loan debt?

Who pays for it? The money was spent. Somebody expected to get paid back. Who loses and/or who pays it if not the student?

That is exactly how the system will be gamed.

Those brainwashed kids standing behind Obama and cheering in front of him have idea how quickly he is destroying their country. So sad.

Easy, cheap, government-guaranteed money caused the housing bubble. Now it has caused a higher education bubble.

This is the vote-buying politicians’ way to keep the bubble inflated and keep the money flowing to one of their best mouth-pieces... liberal professors.

And the politicians won’t stop bribing the people with their own money until we are Greece on steroids.

I am profoundly sad to say that this woman was NOT an Obama-supporting liberal.

That is what happens when a country goes Socialist.

Everyone takes as much as they can, until there is nothing left to take.

As Prof. Alexander Frazer Tytler supposedely said back in the 1800’s (paraphrasing): A democracy cannot exist as a permanent form of government. It can only exist until the voters discover they can vote themselves largesse out of the public treasury. From that moment on the majority always vote for the candidate promising the most benefits from the treasury with the result that democracy always collpases over a loose fiscal policy, always to be followed by a dictatorship.

That describes Greece today. It could very well be America soon.

The student loan program that King Obama announced this week is typical vote-buying welfare that invites abuse and fraud.

True story. I struck up a conversation with a woman in an airport while waiting for a flight. The economy and the plight of recent college graduates came up. She openly (without a hint of shame) told to me how her daughter plans to take advantage of Sugar-Daddy Obama’s generosity.

Her daughter is majoring in a graphic design program at an expensive CA university and already has $56,000 in student loans.

Realizing that the labor market is depressed, instead of graduating, she is staying in school and living off student loans as long as she can. Which is what millions of others will do too.

She has no incentive whatsoever to limit how much debt she racks-up. She knows that she will not be held accountable to pay it back. Why stop at $56,000? $100,000! $150,000! $200,000! Sky’s the limit when you are spending free money!

After 20 years of repaying not much if any of her student loans, her debt will be forgiven.

How neat! Like free money or something!!

She added insult to injury by telling me that in her daughter’s line of work, many times she will be paid cash or on a 1099/self-employed basis.

So, since her daughter doesn’t plan to show much income tax on her tax returns anyway, the 10% of discretionary income will be practically 0. She plans to pay back almost ZERO!!

I shudder to think that we already have $1 trillion in student loan debt. With a government give-away like this one, we could easily double that to $2 trillion. What happens when the gov’t has to start forgiving 100s of billions in dollars in student loan debt?

Who pays for it? The money was spent. Somebody expected to get paid back. Who loses and/or who pays it if not the student?

That is exactly how the system will be gamed.

Those brainwashed kids standing behind Obama and cheering in front of him have idea how quickly he is destroying their country. So sad.

Easy, cheap, government-guaranteed money caused the housing bubble. Now it has caused a higher education bubble.

This is the vote-buying politicians’ way to keep the bubble inflated and keep the money flowing to one of their best mouth-pieces... liberal professors.

And the politicians won’t stop bribing the people with their own money until we are Greece on steroids.

I am profoundly sad to say that this woman was NOT an Obama-supporting liberal.

That is what happens when a country goes Socialist.

Everyone takes as much as they can, until there is nothing left to take.

As Prof. Alexander Frazer Tytler supposedely said back in the 1800’s (paraphrasing): A democracy cannot exist as a permanent form of government. It can only exist until the voters discover they can vote themselves largesse out of the public treasury. From that moment on the majority always vote for the candidate promising the most benefits from the treasury with the result that democracy always collpases over a loose fiscal policy, always to be followed by a dictatorship.

That describes Greece today. It could very well be America soon.

I don’t think Congress can stop it.

He’s going around screaming, “if Congress won’t act to help you, I will!”

These kids have no intellectual defense against this type of manipulation.

As they say, if you are not a Socialist when you are 18, you have no heart. If you are still a Socialist when you are 40, you have no brain.

He’s counting on these kids not having a brain yet.

The student loan program that King Obama announced this week is typical vote-buying welfare that invites abuse and fraud.

True story. I struck up a conversation with a woman in an airport while waiting for a flight. The economy and the plight of recent college graduates came up. She openly (without a hint of shame) told to me how her daughter plans to take advantage of Sugar-Daddy Obama’s generosity.

Her daughter is majoring in a graphic design program at an expensive CA university and already has $56,000 in student loans.

Realizing that the labor market is depressed, instead of graduating, she is staying in school and living off student loans as long as she can. Which is what millions of others will do too.

She has no incentive whatsoever to limit how much debt she racks-up. She knows that she will not be held accountable to pay it back. Why stop at $56,000? $100,000! $150,000! $200,000! Sky’s the limit when you are spending free money!

After 20 years of repaying not much if any of her student loans, her debt will be forgiven.

How neat! Like free money or something!!

She added insult to injury by telling me that in her daughter’s line of work, many times she will be paid cash or on a 1099/self-employed basis.

So, since her daughter doesn’t plan to show much income tax on her tax returns anyway, the 10% of discretionary income will be practically 0. She plans to pay back almost ZERO!!

I shudder to think that we already have $1 trillion in student loan debt. With a government give-away like this one, we could easily double that to $2 trillion. What happens when the gov’t has to start forgiving 100s of billions in dollars in student loan debt?

Who pays for it? The money was spent. Somebody expected to get paid back. Who loses and/or who pays it if not the student?

That is exactly how the system will be gamed.

Those brainwashed kids standing behind Obama and cheering in front of him have idea how quickly he is destroying their country. So sad.

Easy, cheap, government-guaranteed money caused the housing bubble. Now it has caused a higher education bubble.

This is the vote-buying politicians’ way to keep the bubble inflated and keep the money flowing to one of their best mouth-pieces... liberal professors.

And the politicians won’t stop bribing the people with their own money until we are Greece on steroids.

I am profoundly sad to say that this woman was NOT an Obama-supporting liberal.

That is what happens when a country goes Socialist.

Everyone takes as much as they can, until there is nothing left to take.

As Prof. Alexander Frazer Tytler supposedely said back in the 1800’s (paraphrasing): A democracy cannot exist as a permanent form of government. It can only exist until the voters discover they can vote themselves largesse out of the public treasury. From that moment on the majority always vote for the candidate promising the most benefits from the treasury with the result that democracy always collpases over a loose fiscal policy, always to be followed by a dictatorship.

That describes Greece today. It could very well be America soon.

Bingo!

Greece could pay back much more of her debts if people paid their taxes.

They don’t because they know everything is corrupt and the person who plays by the rules is the biggest loser.

That is a huge problem in this country too.

A corrupt government corrupts the citizenry.

If we had remained a Republic, things would have turned out much differently.

Sad.

Yep.

It’s a recipe for cheating and financial disaster.

It will be a race to the bottom to figure out how to have as little discretionary income as possible, so as to pay back the least amount of student loan debt possible.

Corrupting and corrosive.

Like all Socialist programs.

The student loan program that King Obama announced this week is typical vote-buying welfare that invites abuse and fraud.

True story. I struck up a conversation with a woman in an airport while waiting for a flight. The economy and the plight of recent college graduates came up. She openly (without a hint of shame) told to me how her daughter plans to take advantage of Sugar-Daddy Obama’s generosity.

Her daughter is majoring in a graphic design program at an expensive CA university and already has $56,000 in student loans.

Realizing that the labor market is depressed, instead of graduating, she is staying in school and living off student loans as long as she can. Which is what millions of others will do too.

She has no incentive whatsoever to limit how much debt she racks-up. She knows that she will not be held accountable to pay it back. Why stop at $56,000? $100,000! $150,000! $200,000! Sky’s the limit when you are spending free money!

After 20 years of repaying not much if any of her student loans, her debt will be forgiven.

How neat! Like free money or something!!

She added insult to injury by telling me that in her daughter’s line of work, many times she will be paid cash or on a 1099/self-employed basis.

So, since her daughter doesn’t plan to show much income tax on her tax returns anyway, the 10% of discretionary income will be practically 0. She plans to pay back almost ZERO!!

I shudder to think that we already have $1 trillion in student loan debt. With a government give-away like this one, we could easily double that to $2 trillion. What happens when the gov’t has to start forgiving 100s of billions in dollars in student loan debt?

Who pays for it? The money was spent. Somebody expected to get paid back. Who loses and/or who pays it if not the student?

That is exactly how the system will be gamed.

Those brainwashed kids standing behind Obama and cheering in front of him have idea how quickly he is destroying their country. So sad.

Easy, cheap, government-guaranteed money caused the housing bubble. Now it has caused a higher education bubble.

This is the vote-buying politicians’ way to keep the bubble inflated and keep the money flowing to one of their best mouth-pieces... liberal professors.

And the politicians won’t stop bribing the people with their own money until we are Greece on steroids.

I am profoundly sad to say that this woman was NOT an Obama-supporting liberal.

That is what happens when a country goes Socialist.

Everyone takes as much as they can, until there is nothing left to take.

As Prof. Alexander Frazer Tytler supposedely said back in the 1800’s (paraphrasing): A democracy cannot exist as a permanent form of government. It can only exist until the voters discover they can vote themselves largesse out of the public treasury. From that moment on the majority always vote for the candidate promising the most benefits from the treasury with the result that democracy always collpases over a loose fiscal policy, always to be followed by a dictatorship.

That describes Greece today. It could very well be America soon.

I left this part out because the post was aleady a little long and I didn’t want to send too many people over the edge...

She added insult to injury by telling me that in her daughter’s line of work, many times she will be paid cash or on a 1099/self-employed basis.

So, she explained that since her daughter doesn’t plan to show much income tax on her tax returns anyway, the 10% of discretionary income will be practically 0.

I am profoundly sad to say that this woman was NOT an Obama-supporting liberal.

That is what happens when a country goes Socialist.

Everyone takes as much as they can, until there is nothing left to take.

As Prof. Alexander Frazer Tytler supposedely said back in the 1800’s (paraphrasing): A democracy cannot exist as a permanent form of government. It can only exist until the voters discover they can vote themselves largesse out of the public treasury. From that moment on the majority always vote for the candidate promising the most benefits from the treasury with the result that democracy always collpases over a loose fiscal policy, always to be followed by a dictatorship.

That describes Greece today. It could very well be America soon.

I am profoundly sad to say that this woman was NOT an Obama-supporting liberal.

That is what happens when a country goes Socialist.

Everyone takes as much as they can, until there is nothing left to take.

As Prof. Alexander Frazer Tytler supposedely said back in the 1800’s (paraphrasing): A democracy cannot exist as a permanent form of government. It can only exist until the voters discover they can vote themselves largesse out of the public treasury. From that moment on the majority, he said, always vote for the candidate promising the most benefits from the treasury with the result that democracy always collpases over a loose fiscal policy, always to be followed by a dictatorship.

That describes Greece today. It could very well be America soon.

I left that part out because the post was aleady a little long and I didn’t want to send too many people over the edge...

But she added insult to injury by telling me that in her daughter’s line of work, many times she will be paid cash or on a 1099/self-employed basis.

So, she explained that since she doesn’t plan to show much income tax on her tax returns anyway, the 10% of discretionary income will be practically 0.

I am profoundly sad to say that this woman was NOT an Obama-supporting liberal.

That is what happens when a country goes Socialist.

Everyone takes as much as they can, until there is nothing left to take.

As Prof. Alexander Frazer Tytler supposedely said back in the 1800’s (paraphrasing): A democracy cannot exist as a permanent form of government. It can only exist until the voters discover they can vote themselves largesse out of the public treasury. From that moment on the majority, he said, always vote for the candidate promising the most benefits from the treasury with the result that democracy always collpases over a loose fiscal policy, always to be followed by a dictatorship.

That describes Greece today. It could very well be America soon.

The student loan program that King Obama announced this week is typical vote-buying welfare that invites abuse and fraud.

True story. I struck up a conversation with a woman in an airport while waiting for a flight. The economy and the plight of recent college graduates came up. She openly (without a hint of shame)told to me how her daughter plans to take advantage of Sugar-Daddy Obama’s generosity.

Her daughter is majoring in a graphic design program at an expensive CA university and already has $56,000 in student loans.

Realizing that the labor market is depressed, instead of graduating, she is staying in school and living off student loans as long as she can. Which is what millions of others will do too.

She has no incentive whatsoever to limit how much debt she racks-up. She knows that she will not be held accountable to pay it back. Why stop at $56,000? $100,000! $150,000! $200,000! Sky’s the limit when you are spending free money!

After 20 years of repaying not much if any of her student loans, her debt will be forgiven.

How neat! Like free money or something!!

That is exactly how the system will be gamed.

And the politicians won’t stop bribing the people with their own money until we are Greece on steroids.

Those brainwashed kids standing behind him and cheering in front of him have idea how quickly he is destroying their country. So sad.

Easy, cheap, government-guaranteed money caused the housing bubble. Now it has caused a higher education bubble.

This is the vote-buying politicians’ way to keep the bubble inflated and keep the money flowing to one of their best mouth-pieces... liberal professors.

This is typical vote-buying welfare that invites abuse and fraud.

True story. I struck up a conversation with a woman in an airport while waiting for a flight. The economy and the plight of recent college graduates came up. She openly (without a hint of shame) told to me how her daughter plans to take advantage of Sugar-Daddy Obama’s generosity.

Her daughter is majoring in a graphic design program at an expensive CA university and already has $56,000 in student loans.

Realizing that the labor market is depressed, instead of graduating, she is staying in school and living off student loans as long as she can. Which is what millions of others will do too.

She has no incentive whatsoever to limit how much debt she racks-up. She knows that she will not be held accountable to pay it back. Why stop at $56,000? $100,000! $150,000! $200,000! Sky’s the limit when you are spending free money!

After 20 years of repaying not much if any of her student loans, her debt will be forgiven.

How neat! Like free money or something!!

That is exactly how the system will be gamed.

And the politicians won’t stop bribing the people with their own money until we are Greece on steroids.

So sad.

Easy, cheap, government-guaranteed money caused the housing bubble. Now it has caused a higher education bubble.

This is the vote-buying politicians’ way to keep the bubble inflated and keep the money flowing to one of their best mouth-pieces... liberal professors.

This is typical vote-buying welfare that invites abuse and fraud.

True story. I struck up a conversation with a woman in an airport while waiting for a flight. The economy and the plight of recent college graduates came up. She openly (without a hint of shame) told to me how her daughter plans to take advantage of Sugar-Daddy Obama’s generosity.

Her daughter is majoring in a graphic design program at an expensive CA university and already has $56,000 in student loans.

Realizing that the labor market is depressed, instead of graduating, she is staying in school and living off student loans as long as she can. Which is what millions of others will do too.

She has no incentive whatsoever to limit how much debt she racks-up. She knows that she will not be held accountable to pay it back. Why stop at $56,000? $100,000! $150,000! $200,000! Sky’s the limit when you are spending free money!

After 20 years of repaying not much if any of her student loans, her debt will be forgiven.

How neat! Like free money or something!!

That is exactly how the system will be gamed.

And the politicians won’t stop bribing the people with their own money until we are Greece on steroids.

So sad.

Easy, cheap, government-guaranteed money caused the housing bubble. Now it has caused a higher education bubble.

This is the vote-buying politicians’ way to keep the bubble inflated and keep the money flowing to one of their best mouth-pieces... liberal professors.

This is typical vote-buying welfare that invites abuse and fraud.

True story. I struck up a conversation with a woman in an airport while waiting for a flight. The economy and the plight of recent college graduates came up. She openly (without a hint of shame)told to me how her daughter plans to take advantage of Sugar-Daddy Obama’s generosity.

Her daughter is majoring in a graphic design program at an expensive CA university and already has $56,000 in student loans.

Realizing that the labor market is depressed, instead of graduating, she is staying in school and living off student loans as long as she can. Which is what millions of others will do too.

She has no incentive whatsoever to limit how much debt she racks-up. She knows that she will not be held accountable to pay it back. Why stop at $56,000? $100,000! $150,000! $200,000! Sky’s the limit when you are spending free money!

After 20 years of repaying not much if any of her student loans, her debt will be forgiven.

How neat! Like free money or something!!

That is exactly how the system will be gamed.

And the politicians won’t stop bribing the people with their own money until we are Greece on steroids.

So sad.

Easy, cheap, government-guaranteed money caused the housing bubble. Now it has caused a higher education bubble.

This is the vote-buying politicians’ way to keep the bubble inflated and keep the money flowing to one of their best mouth-pieces... liberal professors.