Posted on 07/01/2022 9:25:07 AM PDT by SeekAndFind
“Well, I guess the Communists know that the old people living in America today are not going to make the revolution. They are not the people who count. They count on the young people, and those who control the youth are the people who control the future of this country.”
—Former Communist Bella V. Dodd, before the House Committee on Un-American Activities, 19531/
In 2010, President Obama nationalized student tuition loans by making the government the “sole provider” of government-backed college tuition loans. By doing so, Obama effectively eliminated banks as the conduit of choice for government-backed tuition-loan financing. Similarly, when Obama pushed for the government to make Obamacare the “single-payer” a nationalized health care system, the obvious consequence would be to eliminate employer-sponsored and insurance company-provided health insurance from the market.
On March 30, 2010, Obama signed the Health Care and Education Act charging the U.S. Department of Education to make 100 percent of all government-funded college loans, effective on July 1 of that year. In 2010, student loan debt totaled $760 billion. In 2022, the total outstanding student loan debt will more than double to a record $1.7 trillion. In 2017, a study by the Federal Reserve Bank of New York concluded that “more federal aid to students enables colleges to raise tuition more.” Raising U.S. higher education tuition costs to a level middle-class families cannot afford is not a problem as long as the government makes the taxpayer pay the price.
Meanwhile, colleges and universities have utilized the increased tuition revenue to flourish into today’s bastion of critical-theory-driven neo-Marxist political correctness.
(Excerpt) Read more at americanthinker.com ...
this used to be the sort of thing that was normal for American Thinker. Now it is a rare sight.
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