There might be nothing that Hillary Clinton wouldn’t promise if she thought it would be a net vote-getter. Her latest pandering gambit regarding higher education concerns her proposals for forgiving student loan debt.
One idea is that anyone who starts a business and is burdened by student loan debt can choose not to pay on the loans for three years, during which time no interest would accrue. The other is to forgive a large amount of student debt for people who start new businesses “in distressed communities” or qualify as “social enterprises.” Oh great, more vicarious generosity with money taken from the taxpayers to fund stuff that Washington leftists like.
The American Interest has a good post on this. Money quote: “The real losers from America’s dysfunctional student loan system are not young CEOs, but marginal and disadvantaged students who are often pushed by federal subsidies into programs they can’t complete or can’t afford.”
How about an amendment to the Constitution stating that the federal government may no longer loan money to anyone? Not businesses, not foreign governments, not students.






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