Government Programs Blowing Air into Debt Bubble
show comments
  • Anthony

    “The problem with this program–and the federal student loan system more broadly–is that it treats the symptoms of the problem rather than the root illness: College is too expensive.” Web of conscious and unconscious interests (interests, interests, and more…) nourishes the root WRM.

  • Valerie

    “In the program, students who work in specially designated public service
    jobs, usually in the government or nonprofit sectors, can have a
    portion of their loans forgiven.”

    Paul and Susan graduate from college. Susan becomes a private accountant while Paul oh-so-graciously agrees to take a “public service” job. In other words, Paul’s salary is paid for, in part, by Susan. But now, in addition, Paul will have his loans reduced compared to Susan (with the obvious effect of either raising Susan’s taxes or raising the effective loan repayments of future Susans). And this is supposed to be a “solid proposal”?!

  • Boritz

    Students support these policies with their votes.

  • cubanbob

    Public sector and non-profits should specifically excluded. At best they don’t add any growth to the economy and at worst are a net loss to the economy. In general government should get out of the college financing industry.

    • Kevin

      Agreed. This is just a hidden salary and budgetary increase for the bureaucracy and adds to the burden on the productive sectors of the economy.

    • Diggsc

      As long as there is a revolving door between academia and federal government, there will be federal monies spent to increase tenured professor’s salaries via student tuition.

  • Jacksonian_Libertarian

    Get the meddling government out, nothing beats the free enterprise system at providing the best quality, service, and price.

  • Diggsc

    I gotta say that I love the idea of some starry-eyed Obamabot Leftist signing up for a $250k PhD in some social justice idiocy, and then not being able to land a cushy GS job, and paying off that worthless degree for the rest of their lives. Fully convinced, by their worthless degree, no less, that it’s all society’s fault that they are in financial trouble.

    • bpuharic

      How about all those Regent University law grads given jobs under Bush.

      After all, Regent’s one of the nation’s premier laws schools, and has no agenda, right?

    • teapartydoc

      Problem is the commies will bail them out and keep them on the dole.

      • bpuharic

        Kind of like Romney’s $10M FDIC bailout?

        Who knew the GOP ran a red for Pres!

© The American Interest LLC 2005-2017 About Us Masthead Submissions Advertise Customer Service
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to and affiliated sites.