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Democrats Court Student Loan Debtors

The federal student loan program, started in 1965, allows students to borrow now for college and pay back later when they have a job. Student loan debt has surpassed credit card and auto loan debt for the first time, surging to over $1 trillion.

From an AP story:

“With a still-wobbly jobs market, these loans are increasingly hard to pay off. Unable to find work, many students have returned to school, further driving up their indebtedness.

Average student loan debt recently topped $25,000, up 25 percent in 10 years. And the mushrooming debt has direct implications for taxpayers, since 8 in 10 of these loans are government-issued or guaranteed.” The Democrats have come up with a solution to the problem – Forgive the debt. ‘Forgive’ the debt. A euphemistic way of saying, “Never mind; you don’t have to pay back the money you borrowed. And, oh, by the way, you’re going to vote for us, right?” Rep. Hansen […] → Keep reading