Just today we were told that the government guaranteed more than $100 billion in student loans last year alone. Now, for the first time in history the government guarantee of student loans exceeds $1 TRILLION.
Unbelievably, now we have our friends at Moveon.org advocating for student loan forgiveness. In today's, "We Get E-mail" category they are asking us to sign their petition to do so:
"Dear MoveOn member,
Of course the logic of Moveon and these occupier reprobates is just flawless. Convert $1 Trillion of guarantees into another trillion of debt. Oh, and just where will the government find the money to pay off the individual creditors? These folks should go back to high school and be made to take Economics 101.....