Democrats responsible for student loan debt crisis
Elizabeth Warren and many Democratic leaders want to have student debt retired by taxpayers rather than by students, their parents or the colleges and universities they attended. If such a policy were ever enacted, it would seem only fair that it also provide for retroactive spring and holiday breaks for me and my peers who got our higher education in the 1950s and early 1960s and always worked full time during those breaks in order to pay the bills.
It’s true that college costs have skyrocketed, making it almost impossible to work one’s way through most colleges today. Dominant among the reasons for this was passage of the Higher Education Act of 1965 during the Johnson administration, providing for federal funding to guarantee student loans.
Not surprisingly, this act and follow-on legislation begot the doomsday cycle of loans being too easily available, most colleges abandoning prudent spending practices, tuition costs exploding and accelerating demand for even more student loan dollars.
Another example of a well-meaning Democratic policy with unintended consequences, ironically now accompanied by self-righteous Democrats who want someone else to clean up the mess.
Jim Sorensen Allentown