Since 2009, the outstanding federal loan debt owed to the government has jumped by 463 percent. This is a prime example of what happens when the Gov’t meddles in open markets. Traditionally, those who really wanted a college education worked, saved and did whatever they could to enlighten themselves via the college experience. The demand for said enlightenment, historically, has been steadily increasing at a stable rate. The Government, in their infinite wisdom, saw this demand and decided it need to be greater. Thus leading to federal loans handed out like MDMA at a fraternity on Friday night. Now we have an artificially inflated demand, slack jawed collegians, and a plethora of liberal arts majors out of work. Good thing we have an abundance of welfare nets and HealthCare.gov.
Links
-> Student Loan Debt Owed to Federal Government Up 463%
-> The Cool Lesson That Was Delivered To Teach Twitter Engineers About Personal Finance
-> ObamaCare Hits Uninsured, Low-Wage Workers Hardest
-> Duracell vs. Energizer — One Charges Up, One Sputters
-> 10 Things You Need To Know Before The Opening Bell
-> The 4 Most Effective Ways Leaders Solve Problems
-> 6 Charts That Show How The War On Fat Was A Gigantic Mistake
Top Photo: Images_of_Money via Flickr
