Education financing, not

Education financing, not
http://thefederalist.com/2014/05/08/hey-hey-ho-ho-student-debt-has-got-to-go/

"So: if total student debt is a trillion dollars, and annual federal support to higher education that can be eliminated is $109 billion, cancelling both would allow the Treasury to break even in only nine years—and that assumes that if the trillion-dollar debt were not canceled, all of it would eventually be repaid, which it obviously wouldn't be. The default rate is about 10%."

A use of the reaction to Obama's excesses that could be a game changer


Dave Farnsworth