Ravi
Diamond Member
So an uneducated trash man shouldn't be allowed to borrow money backed by the government but you should be able to? Pauli, I've got news for you...you are no libertarian."You give a man a fish, and he'll eat for a day. You teach a man to fish, and he'll have food for a lifetime."
You can give people food, shelter, and clothing, and potentially get NOTHING in return for it besides entitled, lazy, selfish pricks. If you help someone get an education, you potentially get a more productive member of society.
Loaning someone money to get a real education is an investment in the country's future. Loaning someone money for a house just gives them a house. Giving them money for food just gives them food. What does the government get out of those two things besides a needy citizen and a vote?
If it's a government backed home loan, the government could make interest on that loan and the food would give them something to eat so that they could work and make money to pay off the loan. The government can therefore make a profit. Big Government wins again!!!!
Sure, until you loan the money to some uneducated trash man that makes $10/hr and then defaults on the loan because he had no higher education and couldn't make any real money.
The government doesn't benefit just because it's an interest bearing loan. It benefits from a school loan because that person is going to become more productive, and make a higher wage.
You can go to a regular bank and take a completely private loan, default, and that bank is obviously going to go to Washington to recoup its losses from you anyway.
No matter what, we lose as taxpayers. The government has already proven it will back stop bad debt time and time again. They back stopped home loans which got them NOTHING. At least back stopping an education ultimately leads to a PRODUCER.