I've seen some things on President Obama's plan to nationalize student loans, and it really makes me thankful that he doesn't often flesh out his proposals. In a nutshell, he proposes to:
1. Eliminate bankers from the student loan process--likely consequences here.
2. Limit repayment to 10% of income, discouraging graduates from entering fields with good pay.
3. Forgive loans after a period of time, no matter what the balance, discouraging graduates from seeking good-paying jobs in order to get out of debt.
4. Forgive loans for anyone working for the government, discouraging graduates from producing useful goods and services in the private sector.
As if we need more human leeches with graduate degrees in gender and ethnic studies working for the EEOC. Yeesh.
Art of Manliness Podcast #79: On Killing and On Combat With Lt. Col. Dave Grossman - Last year we did a series of posts about an analogy that breaks the world into three kinds of people: sheep, sheepdogs, and wolves. That insight came from ...
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