In the State of the Union earlier this week, Obama said he wants "...debt forgiveness for people who have been repaying their college loans for at least 20 years."
“In the 21st century, the best anti-poverty program around is a world-class education,” Obama said in yesterday’s speech. “No one should go broke because they chose to go to college.”
http://www.bloomberg.com/apps/news?pid=2…
Okay, let's THINK and find everything wrong with this.
1) We can't get kids to finish high school. Funding college is not the problem. Let's identify the problem and fix it. Obama's plan will help a very small percentage of kids in poverty.
2) Why is it a good message to say we should take a loan out and it will be forgiven in 20 years? What is my incentive to pay it off sooner? Why should others pay for my education?
3) Even if we were able to create this wonderful land of gum drops and candy canes, and every single person were able to then go on and get a 4-year degree, do you know what would happen? Do you understand supply and demand? If everyone has one, it's useless. Then you'd need at least a Master's Degree to deliver pizzas.
So why do the Democrats continue to push programs that sound nice to the politically ignorant public, yet will cause more problems than they will solve?
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