(06-26-2019, 10:14 AM)FBT Wrote:

(06-25-2019, 12:13 PM)B2hibry Wrote: If we're being honest. The votes that the Dems are chasing with this scheme aren't going to be from the ones that have the mental ability to attend college. On a more technical note, it's another targeted tax that won't pass the constitutional sniff test.

Actually, if you look at who is supporting this, they're either currently attending or up to their necks in debt after graduating from liberal arts colleges.  They bought into the narrative that you have to have a college degree to succeed in life, and if you can't afford it, the government will happily loan you whatever you need.

Bernie and the other dems proposing this (aside from AOC who is just regurgitating whatever her handlers tell her to say) know perfectly well that it won't pass the constitutional test.  It's not about actually doing it.  It's about hoodwinking the ignorant masses into voting for you because you've promised them free stuff.

(06-26-2019, 08:16 AM)The Real Marty Wrote: I have a much more elegant solution.  Get the government out of the student loan business.   If we do that, then lenders will be much more careful whom they lend to, and for what courses.  Colleges will be forced to control their expenses and tuition rates, or they won't have any students.

BINGO!!

The perception today since Obama took over the student loan system is that there are unlimited funds for students to borrow.  Since everything is backed by the federal government, banks will give loans out for whatever amount to just about anyone.  College tuitions have been steadily increasing for decades, but the acceleration since the feds took over the student loan process is ridiculous.  

What's really irritating is how these colleges that raise their rates the most constantly poor mouth and say it's necessary despite the fact that most of the elite schools in the country including state run universities have endowments in the trillions.

Regarding your first response.  As I have said before, it's nothing more than a "vote buying" scheme.

As far as your second response and what TRM said, I agee 100%.  What is eventually going to happen is a burst bubble much like the housing bubble/market crash in 2008.  Many student loans aren't worth the paper that they are printed on.

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