In response to:

Popping the Student Loan Bubble

Wayne410 Wrote: Apr 30, 2012 6:23 AM

Republicans do it all the time, argue the means but not the premise. Student loans, just as housing, food, cars, et al, are not functions of the federal government to be funded and regulated. We had a thriving student loan industry long before the feds got involved but the bottom line issue isn't the dollars and cents. You have to ask yourself why would the fed even want to be involved with student loans? It's certainly not because our politicians have such good hearts and want everyone to get an education. Just like everything else the government get's thier collective hands into, if the fed funds it then the fed gets to decide how it's spent. That is the ultimate goal, central planning that will determinhe how many and who must....

Join the Debate!

All comments and users are subject to Townhall's new comments policy.

Wayne410 Wrote: Apr 30, 2012 6:26 AM

study engineering, math, legal, medical, etc. When the government has control of education it caqn then do as the central planners in the previous eastern bloc countries did, test students then decide to which students to assign to which careers. This is all just another cog in the insidious left wing machine that so far seems unstoppable. Maybe this Novemeber we can start to turn the ship of state around to move toward more freedom and less government.

Flag as Offensive

Post Comment

Read Full Story

Popping the Student Loan Bubble

The term ‘ownership society’ was coined by President Bush in the early 2000’s. This surrounded policy proposals intended to increase the number of citizens that were homeowners. Helping people achieve the dream of homeownership seemed like a good and noble cause.

In addition to the existing tax deduction for mortgage interest, the Federal Reserve was artificially pushing interest rates down. Though the general intent was to stimulate the post-9/11 economy, it also had the effect of lowering mortgage rates. This combined with the Carter and Clinton-era Community Reinvestment Act to encourage a lot of people...