Video: Why we shouldn’t bail out student loan borrowers
Great stuff from ReasonTV.
ReasonTV touches on this in its video, but let me highlight a “progressive” reason to oppose student loan bailouts – the government would be taking from the poor and giving to the rich (the unemployment rate is lower for college graduates and they generally earn more than non-college graduates).
Now, I don’t think we should bail out anyone, but it’s truly ironic to hear leftists advocate taking from the poor and giving to the rich.
Edit (11/22/2011): Corrected grammar errors.