Frank J over at IMAO brings some snarky perspective to the student loan drama:
It does seem like an idiotic situation we’re in, but since it seems to be mainly a government made problem, I’m not sure how more government is going to help.
Let’s say someone goes to a bank and says, “Hey, I’m an idiotic eighteen-year-old. Want to give me a hundred thousand dollar loan?” The bank would send out the security to beat the teenager with sticks and everyone would end up the better for it. But instead, we have the government guaranteeing those idiotic loans so they get made anyway. It’s supposed to be we’re investing in our kids education, but as you can see from the college grads in Occupy Wall Street, mutual funds would be a much better investment. How about we stop this crisis by doing the logical thing and not giving moron teenagers the ability to go deeply into debt since most sensible banks would never give them that money in the first place without meddlesome government intervention?
The government can’t even handle airport screenings. And they think they can fix this student loan crisis?
Exit question: By the way, what the hell is wrong with trade school?!