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Clinton has a plan to address the student debt crisis. Her new plan is no tuition at public universities for families up to $125,000 by 2021 and she also plans to have a 10% cap.
The plan would cost the federal government only $500 billion dollars over 10 years.
The devil will be in the details, but this is one great way to help augment our lagging middle class. Along with HC and infrastructure. And this all does not have to come directly from taxpayers. Much of it can be financed by new money creation conventional debt or even helo money. IMO it would be a grand investment and needs to be pursued.
The devil will be in the details, but this is one great way to help augment our lagging middle class. Along with HC and infrastructure. And this all does not have to come directly from taxpayers. Much of it can be financed by new money creation conventional debt or even helo money. IMO it would be a grand investment and needs to be pursued.
Why not print up $1,000,000,000,000,000,000,000,000,000 and let everyone quit their jobs, buy mansions and Bentleys and call it a day?
Is the difference between children and adults outside your capacity of understanding?
Do you think the government should provide food, clothing and shelter for orphaned children? Should we also provide it for them when they are 45?
Adults need to take responsibility for themselves.
So you support free pre-school then from 1-5? As we all know, the first few years of a child's life is the most crucial part of development. The costs for daycare is about $15 000 -$20 000 per child. You are now claiming that you support free K-12 because they are children? Or should parents stop having children until they can pay up out-of-pocket?
And then they are billed for it with every paycheck for the rest of their lives.
Its much cheaper for the 99% to pay through taxation than to pay out-of-pocket in a privatized system as the super rich will always pay more into the system than the middle class. Start counting how much you would pay if everything was privatized, toll roads, schools, police, public utilities, fire department, parks, medicare, kindergarten, disability benefits etc etc. Just privatizing every road in America and implementing toll booths everywhere would likely lead to revolts.
The idiots who support free college can't even comprehend the fact that they will be receiving a bill for that education their entire working lives that they will never pay off.
Only fools sign up for unending payments for something? They won't even have any control over the amount of those payments.
I'd much rather have a loan with a set amount I can payoff instead of a never ending payment that can be raised at any time.
It's just unbelievable that some people thing it's a win. They are absolute financial morons.
Just giving the government a little more control over your life is what it is. Imagine how free people were 100 years ago. It must have been Heaven compared to the hell we are living now.
Better to invest 500 billion in the education of American citizens than protecting investors oil interests in Iraq and Syria. Let the private sector take the losses for THEIR poor judgment.
I also propose that existing student loans be removed from the private sector banks and be owned by the Federal government and paid back with a surtax on the debtors income for the rest of their lives. That money can be stored in an Education Trust Fund to provide future student loans for students that desire to attend privately owned colleges.
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