Friday, June 5, 2012 Obama signed a bill into law continuing and furthering the government’s college subsidies by artificial keeping the student loan interests low.
Make no mistake about this. This bill was designed to subsidize colleges and university, not students. It’s sole purpose is to allow these bastions of Liberalism to continue to charge outrageous tuitions.
Some will say that this is acceptable and that it does no harm. They see an overwhelming benefit in encouraging people to get a college degree. This is because they do not understand the great harm in making a college degree de rigueur.
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Some government subsidies have an empirical benefit to the people and the nation. Others, such as subsidizing colleges do not and, in point of fact, do vast amounts of harm over the course of years and decades.