Who is Responsible for the Gap?

Discussion in 'Off-Topic Discussions' started by TEKMAN, Jun 10, 2014.

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  1. TEKMAN

    TEKMAN Semper Fi!

  2. SteveFoerster

    SteveFoerster Resident Gadfly Staff Member

    Well, one argument is that student loan debt is such a drain on the economy that even direct subsidies for debt relief pay for themselves with a better economy. I'm not sure the numbers play out, but I can see how someone with a lot of student loan debt would find themselves less able to qualify to buy a house, be less able to take the risk to start a new business, etc.

    What this doesn't do is address the strong upward pressure that guaranteed loans have on tuition prices in the first place. But explaining that cutting the maximum available to one quarter of what it is now would lead to lower tuition rates is an argument that doesn't fit well in a soundbite, and those on the left would likely say that proponents of such a change "hate education" or whatever, so I expect even if the problem were understood in Washington it would be politically infeasible to solve it.
     
  3. SteveFoerster

    SteveFoerster Resident Gadfly Staff Member

    On the other hand, it's tough for them to argue that the expansion would pay for itself when the Secretary of Education, Arne Duncan, doesn't even know how much it will cost.
     
  4. 03310151

    03310151 Active Member

    This is true with just about every problem this country faces. Politically infeasible. I truly believe that we are actually on kind of a cruise control coasting mode as a country. We'll never get anything done and we're just kind of motoring along waiting for "something" to happen.
     
  5. japhy4529

    japhy4529 House Bassist

    I don't know, but I haven't shopped there in years. :laugh2:
     
  6. SteveFoerster

    SteveFoerster Resident Gadfly Staff Member

    And yet we got Obamacare. :suspect:
     
  7. me again

    me again Well-Known Member

  8. Ian Anderson

    Ian Anderson Active Member

    That was passed when the democrats had control of both the house and senate.
     
  9. 03310151

    03310151 Active Member

    Not one conservative voted for it. There certainly was no cooperation in that. I like Obamacare so far but I think the best is yet to come.
     

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