Student assistance limps forward a baby step as Obama signs the tuition-loan bill.
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One reaction: "Republicans vehemently opposed the bill, saying it would destroy approximately 30,000 jobs in the student loan industry."
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The "student loan industry"? This innocent never comprehended that we were dealing with an "industry" here. Is that what it's all about? Goodness, and all this time I thought it was about dragging America a few inches closer to the education opportunities available to youngsters of other industrialized countries, and perhaps becoming professionally and commercially more competitive in the international arena.
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Oops, there I go again -- forgetting we're now a POST-industrialized country, mainly trying to survive by selling stuff to each other, which don't rully tek all thet much edjucation, now do et?
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Those 30,000 bankster jobs are really well gone (if that's true) but since we are in a recession, actually a depression to the unemployed and homeless, this presents us with the opportunity for some real economic stimulus by taking the public's money previously slathered on the banksters, and converting those same funds to provide perhaps 100,000 honest jobs, jobs for instance in repairing and improving America's infrastructure. What a grand opportunity to repair the roads, bridges, schools, etc laid waste by 30 years of neglect.
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Now getting back to the students, it's not like this legislation is a bonanza with the rate on their loans to be only 6/10ths of a percent lower. It's not like my wife's Norway or much of the still industrialized world where college is tuition-free. In fact, the much maligned Soviet Union PAID its kids to go to college. (I can hear it now: "Oh yeah, but what do those commies know!")
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Oh, by the way, the new program will be "administered" through the banks. Dayem, I thought we just got rid of those guys!
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Yes, perhaps God smiled when He made America, but it's doubtful that He's smiling over what we've made of it.
