Originally Posted by
anticausal
Best ways to break the universities:
1) Confiscate endowments to forgive student loans. This is the best, although least likely solution. It would probably take a strong man.
2) Stop the whole business of government backed student loans.
3) Make student loans dischargeable in bankruptcy.
Why aren't conservatives at least all over 2 and 3? That is what is keeping the university bubble inflated, but I don't hear a peep from anyone about it (except Tucker, but he transcends conservatism at this point).
The whole loan system is a scam to get stupid kids indoctrinated and sent into debt slavery. So if they forgive those stupid seventeen year olds who were encouraged by almost every single authority figure in their lives to get a worthless degree, I'm hardly bothered by it. These people are never paying those loans back, no matter how much those of us who paid ours cry about the unfairness of it. Most of them are already de facto bailed out; it's just a matter of accounting. But instead of regaining a bit of financial freedom, they are going to remain debt slaves until they die. How does that benefit society?
Anyway, this is a drop in the bucket compared to the 2008 bailouts, and all the ridiculous spending since. The whole thing feels like a manipulative way to play the emotions of both sides. Anger and jealousy conveniently gets channeled towards fellow citizens instead of the government. No senator, except maybe Rand Paul, would even balk at spending this much money on other stupid shit. In fact, most people wouldn't even have a clue how much money was spent or where it's going, even if they did it every month. Didn't the last few years prove that? But when your neighbor might receive an unfair windfall, they sure know how to get everyone riled up and paying attention.