This student loan plan is a perversion to the free market and financially abusive to the tax payer. This plan will create as much moral hazard as when the feds in 2002 changed the debt-to-income ratios for home mortgages from prudent to insolvent.
The solution is to transfer the student loans back to the private sector. If the student wants a degree in art or dance, it will probably be difficult to find a broker to underwrite the debt because the ability to pay may not be as possible as a degree in engineering or medicine. Get the government completely out of the business of loans.
Silly socialist pervert free market constructs as if to say 2+2=6 because it is fair and compassionate. Ask an engineer or accountant when that discipline is used to build a plane or a balance sheet; the plane will not fly and the balance sheet will look a lot like the one ENRON and WorldCom used.
This is why the derelict citizen is setting them selves up for being mastered rather than the masters of their destiny.
The solution is to transfer the student loans back to the private sector. If the student wants a degree in art or dance, it will probably be difficult to find a broker to underwrite the debt because the ability to pay may not be as possible as a degree in engineering or medicine. Get the government completely out of the business of loans.
Silly socialist pervert free market constructs as if to say 2+2=6 because it is fair and compassionate. Ask an engineer or accountant when that discipline is used to build a plane or a balance sheet; the plane will not fly and the balance sheet will look a lot like the one ENRON and WorldCom used.
This is why the derelict citizen is setting them selves up for being mastered rather than the masters of their destiny.
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