[Attention Surplus Disorder]

When we, you, or I say “Congress must investigate” what we are saying is “Let’s make sure nothing gets done about this”. Why, if we perceive a problem and would like something done about it, would we like to have a feckless, special-interest-captured group of people of average or less intelligence and only interested in their own re-elections try to fix something?

If you, the author, perceive a problem, and any idiot can see there is a giant problem with student loans given the overwhelmingly useless degrees kids pay tens of thousands of dollars to achieve, then state, please, affirmatively, what you perceive as the problem and what your plan is to do something about it.

Likely, you will then be stating a position that somebody or a huge mass of entrenched somebodies is charging too much for something. Good luck.

[Flick Lives]

President Obama and his minions have brought the student loans under the auspices of the federal government. Senator Elizabeth Warren (D-MA) wants to decrease the interest rates being paid on these loans because she feels some are too high. Neither one wants to address the root cause, which is the soaring cost of a college education. They would never do so because their friends in the “intelligentsia” would have to answer questions about their mismanagement of resources.

Surprise, surprise. Those who crave power will always give away what belongs to others to gain the votes of the masses. Free food, free education. free healthcare, free housing.

Never mind that the economic physics of what they have done will cause the exact opposite thing to occur.

• The government reduces interest rates. The price of housing goes up.
• The government hands out EBT cards. The price of food goes up.
• The government hands out student loans. The price of a college degree goes up.

[Cementjungle]

It's purely anecdotal, but I do hear about lots of people in their 20's and 30's who have somehow been living off college loans for the past several years.

Forgiving those loans is the next big gift from Dems to lazy libs who want to live off the public dime forever. The promise of forgiving the loans could be the next big carrot that a Dem candidate can use to sway voters... unless Obama does it first and takes all the credit.

If this happens, I suspect that many will repeat the process... and "go back to school" for the next 10 years again... then wind up being 40 with useless degrees and no prospects. All they will be able to hope for at that point will be outright Communism in order to survive.

[DirtyDawg]

I just wonder what you say to those individuals and families that planned, sacrificed, worked two jobs, etc in order to avoid massive student debt when student loan debt is forgiven for those that didn’t make those financial choices

[SkyPilot]

[PubliusMM]

Nah...Here’s a better thought...

Let’s get fedgov clear out of the education bidness, altogether. There is absolutely NO Constitutional authority for them to be involved in the education of ANYONE in the country, under any circumstances.

The trillions of taxpayer dollars that have been wasted on progressive, socialist education reform initiatives have yielded only ever more socialists and ever less opposition.

Time to retake the government.

[Jim Noble]

What’s to investigate?

Congress has failed to perform its constitutional function to coin money and regulate the value thereof for 102 years (tokens and paper don’t count).

So, a system of popular money known as “student loans” has sprung up, with Federal authority but no Federal supervision.

As a result, debts have accumulated with the fruits thereof flowing to college administrators and favored constituencies, and the rack rate of tuition has now escalated to the point that almost no one can pay it without using the fake money of “student loans”.

Investigate, hell! Give us back our gold and silver money. Make usury illegal again. Hang a few bankers.

Screw the “investigation”.