The 1.3 trillion dollar student loan debt, along
with the higher college cost it created, are hot
topics around the campaign trail.
So says Douglas Belkin in the Wall Street Journal:
Republicans, who generally point to easy access to federal school loans as the culprit inflating the money necessary for higher education, are focusing on driving down tuition prices and creating alternative pathways to degrees. Democrats are focusing on pumping significantly more federal money into public universities to reverse a great deal of state budget cuts.
I guess you will find differences between the political parties.
But, most of them helped pump up the bubble of student loan debt, which pumpted up the price of college, which is what they are all bitching about now.
No surprise, when throwing money at a problem does not solve it, truly creates more problems, the Democrats option is:? throw more money at the old and new problems.
To get deeply philosophical here, rights inhere from the individual.? that is, there are no group rights.
The straight to assemble is a right of individual to join another individual, or group.
And, no human right requires another human to undertake anything.
My right to the integrity of my very own person requires you to keep from kicking me in the testicles, or otherwise assaulting me.
So, there is no “right” towards a free, or subsidized, university education.
Because, that would require other people to purchase it.
We have several intractable challenges in the states today, and, one of them is that this 1.3 trillion dollar student loan debt.
Regardless of your philosophy, that cash is NOT getting repaid, regardless of if the bankruptcy laws change or stay.
So, what do we do about it?
I do not think increasing the debt load, whether by soaking the taxpayers to subsidize college for other people directly, or through more education loan dollars, does anything but enhance our problems.
None of the proposals discussed inside article says anything about resolving today’s issue, how to handle a pile of debt that cannot be repaid?
Blog readers know I support making education loan debt dischargeable in bankruptcy, simply because it was before.
No matter how that affects anyone’s rights, that\’s the solution.
If you have student loan debt problems now, you can find, even now, ways to deal with state court lawsuits, and government student loan debt.
Contact me for education loan debt answers.