Government inflated the college loan bubble -- but Obama isn’t fixing it - NYPOST.com: "At best, it’s a band-aid solution. The real problem is that we’ve been running a higher education bubble, one that -- like the real-estate bubble -- has been pumped up by cheap government money. Since 1999, student loan debt has increased by 511%, while disposable income has increased by only 73%.Dear OWS doofuses: O Duce isn't here to help you. He's laughing up his sleeve at your useful idiocy.
That’s because when the government subsidizes something, producers respond by raising prices to soak up as much of the subsidy as they can. College is no exception. Tuition has been increasing much faster than disposable income, and families -- believing that a college education is a can’t-lose investment, much as they used to think houses were -- have been making up the difference with debt. After all, we’re told, student loan debt is “good debt,” because a college degree guarantees more earnings.
Tell it to the Occupy Wall Street protesters, many of whom note that they’re deep in debt for fancy degrees that didn’t get them jobs."
Your math skills are even more pathetic than O Duce's himself.
Oh, I forgot. You never took any math did you?
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