So get your duct tape ready before you watch this video from MSNBC. As is usual with liberals the woman on the right (while actually on the LEFT) continues to interrupt the man on the left (Actualy RIGHT & CORRECT) thus the need for duct tape to contain your head’s impending explosion. When you cannot win an argument talk louder and over everybody else. To his credit Mr. Schiff does not partake of this type of “debate” though on many levels I wish he would just tell her to shut up while he talks.
None other than the Sharktank’s Mark Cuban spoke up recently on the subject as Bail out written up on Breitbart News. Here are a few quotes to wet your appetite for the whole article;
“Forgiving the debt is the worst thing you can do, because all it does is bail out the universities”
“Anything that causes lenders and service companies to act fairly is a good thing,” Cuban said in a statement to Business Insider about Obama’s plan. “The challenge is that you can’t subsidize or forgive existing debt without very strict rules. Otherwise it allows schools to tell future students not to worry. They too will get some portion forgiven. Which in turn gives the school more leeway to raise tuition.”
“Remember the housing meltdown ? Tough to forget isn’t it. The formula for the housing boom and bust was simple. A lot of easy money being lent to buyers who couldn’t afford the money they were borrowing. That money was then spent on homes with the expectation that the price of the home would go up and it could easily be flipped or refinanced at a profit. Who cares if you couldn’t afford the loan. As long as prices kept on going up, everyone was happy. And prices kept on going up. And as long as pricing kept on going up real estate agents kept on selling homes and finding money for buyers. Until the easy money stopped. When easy money stopped, buyers couldn’t sell. They couldn’t refinance. First sales slowed, then prices started falling and then the housing bubble burst. Housing prices crashed. We know the rest of the story. We are still mired in the consequences. Can someone please explain to me how what is happening in higher education is any different?”