Sunday, February 17

Marco Rubio - Meet The New Boss, Same As The Old Boss

What Rubio didn't mention tells the whole story of who he is and why student debtors should not trust him:  He never mentioned that the departure from uniform bankruptcy laws is entirely unconstitutional.  Rubio continues to believe that Federal intervention in the university tuition market has benefits, even though we now have run-away debt, easy-money environment for greedy administrators and bankers, and a patsy known as the taxpayer. 

Could Marco Rubio Fix Student Loans?


During Tuesday night's State of the Union response, Senator Rubio spoke a lot about rising student debt -- perhaps more than President Obama did in his State of the Union address. Here are some highlights.

"I believe in federal financial aid. I couldn't have gone to college without it." 

Now that may seem fairly common sense; after all, programs like Pell grants help about 10 million low-income Americans attend college, and federal loans help millions more.

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The answer to the title question is "no."  The Huffington Post continues to perform the function of offensive blocker in preserving the bankers' hold on the school loan scam.  The article is a regurgitation of all the sickening commonplaces in other articles.  All these programs are just the easy money road to school administrator and banker largesse and corruption. 

The only thing that will really stop the school loan rip off is to contact attorney generals and ask them to look at the uniform bankruptcy provision in Article 1, Section 8 of the US Constitution and to file suit against the US government to stop interfering in the school finance market.  There is no reason school loans should be excluded from bankruptcy provision.  The bankers have a reason: they like debt slaves.  

1 comment:

Roberto Severino said...

Great post! I suppose spending millions more on football programs and recreational activities will magically get those tuition rates down. I love Huffpo's flawed logic here and how they're covering up for the hopelessly corrupt banking industry, even though progressives and modern social liberals are generally suspicious about corporations and they even sometimes get into government cronyism, but that's usually if the people are Republican because they know they will benefit in the next elections and from what I've seen elsewhere, it's not usually about whether both sides are corrupt or not and trying to cover up the student loan banker scam.

Neither side wants to be intellectually honest about this issue at all and it really is a shame.