Ladies and gentlemen, it is my pleasure to introduce to you, Joe Biden, goddamn idiot:
Vice President Joe Biden acknowledged that cutting government subsidies could lower tuition costs, but said it would be against the national interest to do so.
He argued that decreasing “government intervention” in education would harm the nation by forcing students out of college, despite the decrease in costs.
There’s Obamanomics for you in a nutshell. Lower prices don’t lead to increased demand, because Teh Won magically bends the law of supply and demand to His will. And they decide what’s in the national interest — up to and including just how much debt you’ll be forced to incur for the privilege of sitting through four years of indoctrination.