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02-Aug-2016 13:43

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That's a tragedy for our young people and for our nation.

By the way, on what basis is it a tragedy that Americans have more student debt than credit card and auto loan debt?

And that's why so many bright young people don't go to college, don't finish or graduate deeply in debt.

With .3 trillion in student loans, Americans are carrying more student debt than credit card or auto loan debt.

If the argument being presented is that college educations are vital to economic mobility, doesn't that indicate intelligent decision-making?

Anyway, you won't see any discussion in Sanders commentary about why college prices have exploded far above and beyond increases in the consumer price index or even the costs of healthcare.

When a politician says something that indicates a serious fundamental ignorance about economics or crime or really any subject, it can make you wonder whether they truly don't know what they're talking about or whether they're cynically assuming the average voter won't know enough to realize the flaw. It was pointed out that cars and homes can be repossessed or foreclosed upon, thus reducing the risk from the banks for providing the loan and reducing the potential losses. After crediting the progressive movement with creating the K-12 public education system, he declares: "By 1940, half of all young people were graduating from high school. Strong unions offered apprenticeships, and a large manufacturing sector provided opportunities for those without an advanced degree.

He recently tweeted a particularly stupid complaint about college loans, whining that there's no reason why their interest rates should be higher than for cars or mortgages. Today the has published a commentary from Sanders calling for free college that again highlights his poor grasp of the economics of higher education and avoids any discussion of why college costs are skyrocketing. A college degree is the new high school diploma." In the 1950s and 1960s, it was possible to graduate from high school and move right into a decent-paying job with good benefits.

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A couple with a sole breadwinner could buy a home, raise a family and send their kids to college. Unfortunately, today, for too many Americans, it's not a possibility.

An important pathway to the middle class now runs through higher education, but rising costs are making it harder and harder for ordinary Americans to get the education they want and need.

There will be no discussion of how subsidies and administrative bloat have massively driven up prices and eliminated any incentives for colleges to restrain costs. Instead, Sanders points to other, smaller countries that have "free" college tuition (scare quotes because obviously somebody's paying for it): Finland, Denmark, Ireland, Iceland, Norway, Sweden, and Mexico.

He takes special note of Germany, because even Americans can access their college system: For a token fee of about 0 per year, an American can earn a degree in math or engineering from one of the premier universities in Europe.

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In 1978, it was possible to earn enough money to pay for a year of college tuition just by working a summer job that paid minimum wage.Today, it would take a minimum wage worker an entire year to earn enough to cover the annual in-state tuition at a public university.