Student Loan Crisis Proves the Folly of
Madam Deficit Harris' Home Subsidies
Townhall,
by
Tom Del Becaaro
Original Article
Posted By: FlyRight,
8/25/2024 7:24:11 AM
Kamala Harris wants government to help first-time homebuyers by making the age-old mistake of using government subsidies. What she should have learned from her economics and history classes, however, is that government subsidies uniformly fail – a fact proven by America’s dangerous education debt crisis. On the one hand, we have to give Kamala Harris some credit for being honest. She has refused to answer any questions about her policies in the face of criticism about her past liberal views. Despite that, her first policy proposals turned out to be every bit as liberal as people warned she was – if not more.
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Reply 1 - Posted by:
Aspen02 8/25/2024 7:56:28 AM (No. 1784620)
I read that some colleges/universities are now over $100,000, a year. Keep up forgiving student loans, so they can go even higher!
11 people like this.
Reply 2 - Posted by:
franq 8/25/2024 8:01:19 AM (No. 1784624)
It's a racket.
13 people like this.
Reply 3 - Posted by:
bpl40 8/25/2024 8:14:43 AM (No. 1784632)
Student loans drove up college fees. Harris subsidies will drive up real estate prices. It's so obvious.
16 people like this.
Reply 4 - Posted by:
Philipsonh 8/25/2024 8:52:30 AM (No. 1784649)
If a people cannot afford the down payments, how can they afford the taxes, the maintenance, the mortgage, and the insurance for a home purchase. We have seen the result of these misguided policies earlier this century. The answer is, they cannot. Democrat financial fantasy, as usual. ANYTHING to win votes.
15 people like this.
Reply 5 - Posted by:
Krause 8/25/2024 9:23:33 AM (No. 1784672)
I would like to hear someone ask Harris if she thinks the current national debt is a problem.
12 people like this.
Reply 6 - Posted by:
JimBob 8/25/2024 9:55:38 AM (No. 1784697)
If Heels-Up Harris succeeds in passing this and people have an extra $25,000 -of Taxpayer's cash!- for a down payment on a house, home sellers will Instantly raise their prices by ......$25,000.
I remember the 'Liar Loan' days, when Zero and his buddies forced Fannie and Freddie to make loans to people they KNEW could not repay them. House prices increased immediately, and as predictable, disaster followed. After a couple of years for the evil to work it's way thoroughly through the system, borrowers defaulted on an industrial scale, which undermined the whole home-loan system.
12 people like this.
Reply 7 - Posted by:
RuckusTom 8/25/2024 10:09:40 AM (No. 1784709)
If they're not doing it already, maybe the government can bundle all the student loans together and sell them to secondary investors so they too can have their own 2008 like housing market crash when the loans start to default. This is what happens when anybody with a heartbeat is given a loan with no skin in the game.
9 people like this.
Reply 8 - Posted by:
mifla 8/26/2024 6:29:37 AM (No. 1785019)
Harris studied at the AOC School of Economics. Got a C - .
1 person likes this.
Reply 9 - Posted by:
kdog 8/26/2024 9:11:56 AM (No. 1785079)
The made-up "crisis" regarding student loans is that SOME people can't comfortably pay them back and still afford their lavish lifestyle of everything from new i phones to mani and pedi cures, craft beers and designer coffees, luxury cars plus everything in between. YOU borrowed the money, YOU pay it back!
3 people like this.
Reply 10 - Posted by:
NorthernDog 8/26/2024 9:27:53 AM (No. 1785091)
As #9 alludes to, there are a lot of little industries built up around extracting money from young adults who should be saving for a home. $6 cups of coffee, $90 haircuts, $200 concert tickets, tattoos, nail salons, all the hyped-up live-streaming shows, and of course the latest clothes so you can look like Kamalala's stepdaughter. All of that would stop if people were serious about buying their first home.
2 people like this.
Reply 11 - Posted by:
privateer 8/26/2024 1:05:48 PM (No. 1785182)
There is an important distinction between her idiotic scheme and the 2008 mortgage debacle. After the home loans went into default, there remained a valuable asset...the house! What valuable asset remains after the default of student loans? But now we can have both at once.
1 person likes this.
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