I am reading the book Kids These Days - Human Capital and the Making of Millennials by Malcolm Harris and it gave me a very different perspective on student Debt.
Chapter Two called Go to College, discusses student debt, its design not to be discharged via bankruptcy, and the use of future earnings of millennials to fund current healthcare debt IE Obamacare and education capitol construction projects for the foreseeable future.
This puts a different spin on what happened to these kids who have been encouraged to voluntarily take on debt that they cannot discharge. This has been predatory marketing, abetted by our government.
In many ways the student load debacle is a crony capitalism ploy just as nefarious as legislated wind projects that ruin peoples' property values and enrich cronies who receive a guaranteed income that the utilities (consumers) are required to pay.
There is no enriching quite like guaranteed money.
The education industrial complex is the most reliable leftist ideological bloc there is. It indoctrinates the young, it ties them to leftist policies, it supports many tens of thousands of ideologues, and it creates a teflon monoculture and echo chamber
It is all supported by massive spending by government and massive debt.
It is time to pop that bubble.
It would be nice if, in the next 6 years, he could also get to the following two things:
1) Eliminate election fraud
2) Cleanup Higher Education and find a way to free young people from the scam of college loans
The first would damage the Democrats and the second would pull the young people to the Right. Bernie got their attention with "free college". Trump could get young people with a practical alternative that helped them avoid crippling debt.
it was deception built on deceit. built into the bill that hijacked our healthcare was a law that hijacked the entire student loan industry. the outrage over healthcare was so cataclysmic that no one seemed to really notice or care that the other economic abduction was at least as outrageous.
I personally subscribe to the sinister conspiracy theory that the Democrats want as many people in non-dischargeable student debt as possible so that they will be able to float a loan forgiveness scheme that will allow them to successfully buy ONE election whenever they need it most.
Trump could blow-up the plan by making them dischargeable.