The average tuition at a public four-year college has increased by more than 250 percent over the past three decades, says the White House. This is coupled with the fact that incomes for typical families grew by only 16 percent, according to College Board and Census Bureau data.
Huh. So people don’t really have any greater ability to pay, yet the seller has managed to triple the price of the product. What could possibly explain this?
Oh, I don’t know. Maybe this?
So if the government is essentially guaranteeing “free money” via the mechanism of the student loan program, you have the basic requirement for a huge inflationary surge in place: Vastly more money chasing fewer goods.
So what is the solution? According to Barry “Moron” Obama, it is to provide as much more free money as possible.
Because at some point we’re going to have to nationalize the higher education system – to keep costs down. For the kids.