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The Government's College Money Pit

Charles SWVA Wrote: Apr 29, 2012 2:47 PM
The US government is Norman Bates and the citizens are Marion Crane. We are being stabbed to death by debt. Will the last survivor please turn off the shower and then turn out the lights?

If insanity is doing the same thing again and again but expecting a different outcome, then the federal government's strategy for keeping higher education affordable is crazier than Norman Bates.

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...