More On The Student Debt Problem

Jeff Jacoby nails it. This recent pandering is nothing more than shoring-up the young person vote for November, promising them freebies from other people’s wallets, with horrific economic policy to sweeten the deal.

Student Loan Forgiveness Might Be The Worst Idea Ever ]

The government’s college money pit – For decades, American politicians have waxed passionate on the need to put college within every family’s reach. To ensure that anyone who wants to go to college will be able to foot the bill, Washington has showered hundreds of billions of dollars into student aid of all kinds — grants and loans, subsidized work-study jobs, tax credits, and deductions. Today, that shower has become a monsoon. As Neal McCluskey points out in a Cato Institute white paper, government outlays intended to hold down the price of a college degree have ballooned, in inflation-adjusted dollars, from $29.6 billion in 1985 to $139.7 billion in 2010, an increase of 372 percent since Ronald Reagan’s day.

Related links:
Why on Earth Do We Have a Student Loan Crisis?
Student Loan Forgiveness Might Be The Worst Idea Ever
On The Call To Forgive Student Loans …
The Political Obsession with College Education Has Created an Unsustainable College Tuition Bubble