January 31, 2012

ARE STUDENTS DROWNING IN DEBT? “Sure, but it’s from Obama’s policies, not student loans. . . . Instead of constantly pumping more money into an already distorted education market, government should do everything it can to get out of the way, allow free-market competition between lenders, schools, and students, and focus on the real student debt: the $48,000 Americans owe to the federal government at birth, twice the average debt owed by college graduates. It’s made worse every day by policies that have ballooned the national debt by trillions since Obama took office in 2009. President Obama’s focus on student debt is his attempt at a political sleight of hand with students: ignore the massive debt you already owe by no fault of your own, and focus on this debt half its size that you incurred by choice.”