On Tuesday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” Purdue University President and former Indiana Gov. Mitch Daniels (R) stated that research by the Federal Reserve shows that when government increases subsidies for student loans, most of that ends up being pocketed by universities in the form of higher costs, and “there’s no reason not to believe that’ll happen” with the Biden student loan debt cancellation plan.
Daniels said, [relevant remarks begin around 3:30] “It’s what, in my healthcare days, we called iatrogenic, meaning the cure makes the disease worse. It’s well-established, Neil, that each time the government has added subsidies, universities have pocketed. One Federal Reserve study said 60% to 70% of that in higher costs. And there’s no reason not to believe that’ll happen again. So, I really think this is a very unfortunate demonstration on the part of those who have discovered the power they believe they can assert to spend over a half-a-trillion dollars without the approval of Congress. I will say that those who assert that right in the presidency by the stroke of a pen really should not be lecturing anyone else about lack of respect for democracy.”
Just as the price of EVs instantly rose $8000 when $7000 government purchase assistance was announced, this is another hole in which to throw money, 99% paid for by those who can afford neither college nor a battery powered vehicle. Suck it up, people.
Suckin up is one thing. Thinking americans believe everything either party says, thats shameful. Both have done it and will continue to feed their spew and there is nothing any of us can do. We can vote, but when few run and they all suck ass, what can be done. We vote, then theres the electoral college, one loses, then wants a recount….we linger…..hell remember Bush Gore? Supremes had to step in because of hanging chads. Its been downhill since.
Actually who in the hell wants to run “if” they could and without skeletons? Not to mention picking up a debt of over $33 trillion and a CONgress that cant pass shit. Next yrs budget is due at the end of the month. Anotber Continuing resolution on the horizon.
Yet June TEENTH can get passed in a week. WOW