Posted on 03/17/2020 10:24:59 AM PDT by John Semmens
The Congressional Budget Office (CBO) released an assessment of the cost of a college education and advised recent high school graduates planning on getting one to "save your money. You're going to need it to help pay down the student debt of those foolish enough to have already incurred the cost of earning a degree."
The CBO report found that "a glut of graduates without marketable skills has led to a crash in the salaries many of them counted on to repay the loans they took out to be able to afford going to college. What America needs now is for more high school grads to enter the workforce and get real jobs producing products and services that consumers are willing to pay for. Not only will this likely boost individual gains, but it will also produce surpluses that can be taxed away to cover the losses the government has suffered from student-loan defaults. It may seem kind of a raw deal for one generation to have to pay the debts of a preceding generation, but sometimes sacrifices have to be made for the common good."
if you missed any of this week's other semi-news/semi-satire posts you can find them at...
http://www.gopbriefingroom.com/index.php?topic=394999.0
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