With much fanfare and even more gibberish, the Obama administration announced the expansion of a program, beginning in
So, who picks up the slack? Taxpayers, of course, to the tune of
"(W)e think this is something that would be fantastic for the economy," said Education Secretary
All of this is the definition of madness. Government intervention -- subsidizing higher education -- directly fueled the explosion in tuition costs by repeatedly giving colleges and universities cover for jacking up those rates far in excess of inflation. Now, to cover the lies of past interventions, government intervenes again, decrying the very results that its perpetuation of the vicious cycle guarantees.
This is what passes for government policy these days. In the real world, it's better known by its more common name -- fraud.
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