No one can deny that the United States is facing a student debt crisis.
With more than $1.6 trillion in outstanding student loan debt, tens of millions of Americans are forced to pay huge sums of money every month – this writer included – to private and government lenders, slowing down growth in other important areas of the economy, like the housing industry.
As usual, Democrats’ plans to fix this important problem is to throw even more money at it and give greater power to the very same government agents and politicians that messed the system up in the first place.
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