Wednesday, May 02, 2012

Student Loan Scam Money For The Top 50% College Bound

People should be asking the same questions about the federal subsidies for home loans for the top 50% paid for by the bottom half of renters.

The Student-Loan Scam
Does it make sense for the government to take taxes from the big majority of Americans who never managed to win college degrees in order to subsidize the pricey education of the fortunate few who get to attend top universities?
Why is it fair to increase burdens on stressed-out working families so the feds can reduce future interest payments on student loans for members of the elite?
Isn’t President Obama’s current push to spend a $6 billion on college-loan relief precisely the sort of rob-from-the-poor-to-give-to-the-rich outrage that any conscientious progressive ought to oppose?
These are questions that even Mitt Romney and his fellow Republicans refuse to pose, as they retreat or temporize concerning the president’s shameless student-loan scam. The big duel in Congress concerns the best way to pay for continuing the subsidized loans, with no real debate about the wisdom of the subsidy itself.
see for the rest

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