That's a good question, why are they? The only thing I can't think of is the President's for it and that's usually all it takes for them to be against it.
Iím seeing education in purely practical terms. Iím not saying that there isnít value to someone getting a college degree and broadening his or her mind just for the sake of it. I am saying that I see little reason for the taxpayers to support it for everyone. Just as our political class ignored the housing bubble until it was too late, we can expect our politicians not to do anything until the roof caves in and weíre facing tens or even hundreds of billions in loan defaults.
Right now, both our Presidential candidates are trying to keep student loans cheap and subsidized, keeping the interest rates at 3.4% or so. Romney doesn't want the taxpayer on the hook for the debt! Ironically, these two Nanny-Stators are suddenly unwilling to act like parents and say,ďNo!Ē to young people. And thatís just for interest rates. It takes a lot more courage than either Barack Obama or Mitt Romney can muster to say,ďNot everyone should go or can afford to go to college. Again, I am saying that I see no reason for the taxpayers to support and pay it for everyone or anyone for that matter.
And thatís what they should be saying. A lot of people wanting college degrees would be better off getting more practical and technical education or job training. A lot would be better off going to community or junior colleges, at least for the first couple of years.
The only alternative view that has gotten any attention from liberals is that of the Occupy crowd who want student loan forgiveness. If anything, that is more asinine.
While student loan in aggregate is a concern, the typical student has $25,000 in debt when they graduate. While I think some have incurred that expense needlessly, thatís hardly crippling. Itís less than a loan for a nice car, and given on better terms. There are millions with bigger medical bills who muddle through. Spare me your liberal sobs. That is simply not a reason the taxpayer should be held responsible for. Right now the outstanding student loan debt is $870 BILLION and climbing.