Bernie Sanders set to propose we wipe out all student debt.
Read on Fox News this morning that Bernie Sanders is set to propose we "forgive" all student loan debt and make college free for everyone. If true, this will be yet another display of the "money grows on trees" mentality in Washington. He is set to propose a "tax on Wall Street" to pay for this paying off of debt, most of which belongs to young people perfectly capable of paying off their own debt. You can rest assured this tax, set for 2 trillion over the next ten years, will not come close to paying for this plan, meaning we will be adding hundreds of billions to our already outrageous 23 trillion in national debt. And making college "free" will soon be followed by federal price controls on tuition costs which are ridiculous and out of control.
So this is how our federal government works. We run deficits of hundreds of billions of dollars a year and have 23 trillion in debt, but the people in charge push through huge tax cuts and then propose yet another give away program with money we don't have. And you wonder why I am in favor in limited government?