Not long ago, I met a nice and pleasant college student studying at Starbucks, she goes to the local 4-year State University here. Well, I thought she was a nice and polite college student until she started talking about her politics. Let me give you a run-down on all this because as a baby-boomer I am quite frankly a little appalled by the sense of entitlement going on with kids in college these days.
You see, she told me she wanted to vote for Bernie Sanders because she liked what he promised about health care and tuition free college, that is to say Free College for Everyone. Okay, lots of people feel this way but isn’t it just a bit self-serving – to vote for someone so you can get free stuff that everyone else will have to pay for? Of course this vote-buying game is something that the Democrats engage in early and often – and socialist leaning candidates around the world use this strategy as they come into power as populist leaders.
Since, Hillary Clinton is the nominee now, she said; “I am definitely voting for Hillary!” and “I like what she stands for with gays, minorities, free health care and college,” besides she is a Democrat nominee. I asked her what she thought about how Team Clinton and the DNC worked to shut out her former favorite candidate, a very deceptive and dishonest move. She told me; “That’s politics!” Really, a college student suddenly thinks she knows everything about politics? Also, where on Earth is her loyalty? No loyalty as long as she gets free-college tuition and doesn’t have to pay back here student loans.
And guess what, this sentiment is hardly uncommon. Did you know that college loan defaults have skyrocketed since the Democrats started talking about “Free Tuition” during this 2016 Presidential Election? It’s true, it jumped over 10%. The Wall Street Journal in an article titled; “More Than 40% of Student Borrowers Aren’t Making Payments – New figure raises worries that millions of them may never repay more than $200 billion owed,” by John Mitchell April 2016. Well, thanks a lot Bernie and Hillary, thanks for your undermining of yet another important sector of our society. The article stated:
“While most have since left school and joined the workforce, 43% of the roughly 22 million Americans with federal student loans weren’t making payments as of Jan. 1, according to a quarterly snapshot of the Education Department’s $1.2 trillion student-loan portfolio,” and “About 1 in 6 borrowers, or 3.6 million, were in default on $56 billion in student debt, meaning they had gone at least a year without making a payment, 3-million more owing roughly $66 billion were at least a month behind.”
Since many of these student loans are backed by the tax-payer and the rest turn out to be part of citizen’s stock portfolio, we are shifting all the current costs and past defaults to older Americans. Lastly, I’d like to add something here. Whenever the government helps create a “bubble” in any sector of our economy, it always double-downs and makes it worth, fails to rectify the problem, this is going to be a disaster.
Further, if college tuition becomes free, and if the government is involved, trust me; that is all it is going to be worth. And the Democrats they are busy attacking Donald Trump for his Trump University? Give me a break. It’s time for the Democrats to come clean on this problem they’ve created and stop promising things they cannot do. Didn’t they learn from ObamaCare?