Student debt now stands at $1.3 trillion. More than half of student borrowers are unable to repay their loans according to the original terms. In a well-intended but poorly executed effort to make college broadly accessible, the government has lent freely to students, with little attention to whether they can repay those loans. The result is millions of young people with debt they cannot afford. NYTs College President Op-ed 12-22-16
Well intended, poorly executed, yes indeed and isn’t that the hallmark of most liberal government actions?
Solving problems is not as simple as throwing money at them or giving people “free” stuff, but we never seem to learn our lesson. Home ownership is another example of trying to make something easy and affordable when it isn’t. To some extent that’s true for health care and it’s certainly true for many anti-poverty programs.
When you do more and more for some people, they conclude they have less and less responsibility for themselves and to the people who provide the assistance.
Categories: Observations on life