The Democrat Party in Practice
August 22 | Posted by mrossol | American Thought, Big Govt, Hillary Clinton, Obama, Tax IssuesTax payers will pay.
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WSJ Aug. 21, 2015 6:53 p.m.
The arc of progressive politics these days seems to be hoping to benefit from proposing policies to solve the problems their previous policies have created—and hoping nobody notices the cause and effect.
Hillary Clinton and the other Democratic presidential candidates have been proposing new ways for college students to reduce or write-off their student loans. The goal is to win over millennial voters with more taxpayer largesse, while slowly turning higher education into one more universal federal entitlement. Mrs. Clinton’s proposal would cost a hefty $350 billion over 10 years, by her own no doubt conservative estimate.
What Democrats don’t say is that such taxpayer generosity wouldn’t be necessary if they hadn’t done so much to encourage students to load up on taxpayer-guaranteed debt. The Education Department reported this week that some 6.9 million Americans with student loans hadn’t made a single payment in at least 360 days. That’s up 6%, or 400,000 borrowers, in a year.
The Obama Administration took over the student loan market in 2010, easing terms and expanding benefits. Now that the bills are coming due in more deadbeats, Democrats hope to benefit again by handing the tab to taxpayers. They nail you coming and going.
http://www.wsj.com/articles/the-progressive-principle-1440197604
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