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Obama to Throw Gas on Fiscal Fire of Student Loan Debt Crisis |
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Friday, 03 February 2012 |
By Jeffrey Klein
This morning on the Fox and Friends television news show, anchors Steve Doocy and Brian Kilmead interviewed Secretary of Education, Arne Duncan. The subject was the steep continuous increase of College tuition costs across America.
It was an obvious segue from President Obama's State of the Union Speech, wherein he called for [no specific] action by these institutions to decrease their costs (sic) [pricing], or risk losing federal funding.
Duncan's answers during the interview, and a subsequent review of his bio, reveals that just like his boss, although a Harvard grad (majored in Sociology), he does not have a scintilla of good sense when it comes to applied economics and business.
But, even more dangerous to the fiscal health of our country and it's economic recovery, he is ready to enact Obama's student loan [balance] write-down [forgiveness] idea, which is nothing more than a thinly-veiled "college student vote buying mechanism"--where he would once again use taxpayer dollars like campaign money".
To read this story, please visit The Examiner
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Reprinted with permission.
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