Shaheen's latest: Another government bailout
August 02. 2014 8:53PM
Jeanne Shaheen has bought into a truly terrible idea on how to address college tuition debt. She would allegedly lessen the burden on the individuals who owe the money by increasing the burden on those who are underwriting the loans. That would be the taxpayers.
Shaheen's ad on the issue says the debt on the kids is too damned high, which it is. But "her" bill (and she is really just one of the talking heads for the Democrats who are behind this idiocy) would not solve the problem with its proposed cutting of the amount the students or former students have to pay. It would instead shift that debt to the taxpayers at large.
In fact, the bill Shaheen supports has a price tag of $85 billion in new taxes. It would include allowing students to refinance even privately held loans with lower-rate loans directly from the taxpayers.
Shaheen's move is no surprise. It is part and parcel of the Big Government approach that promises everything for nothing to group after group, hoping to buy enough votes for the next election and hoping that the voters won't catch on to this con game.
She did the same with health insurance, claiming to be for the little guy and in fact driving up prices in New Hampshire by driving many companies out of the state.
A real and sensible solution to intolerable student debt is to restrict government-backed loans to those colleges and universities that work to cut costs and tuition, which have gone up insanely in the last two decades. Jeanne Shaheen isn't interested. There aren't enough votes there.