The housing stuff started with CRA, under Carter. Kind of withered away until Clinton and his enforcer at HUD, Cuomo, started threatening banks and lending institutions. They caved but then learned that they could use Wall St to protect themselves by selling the mortgages, even though the paper wasn’t worth anything. Then it crashed.
How is all that similar? Kids are getting degrees in, NOTHING. But, they throw money at them, like they threw mortgages at them, and they rack up debt. Then they get into the real world. Suppose they’re in IT. Now they have to compete against and H1B visa holder, who will work for nothing.
“How is all that similar?
You partially answered that question with your next couple of sentences.
“But, they throw money at them, like they threw mortgages at them, and they rack up debt.”
That’s the similarity. The government gives them something that they have to pay back, and they can’t. So who covers the bill? You and I do.
And all it breeds is more government dependency and a need to keep liberals in there. Votes, votes, votes.....
rwood