The student loan “crisis” created by Obama and the Democrats is getting renewed attention.
Americans concerned about what President Obama plans to do with the $1.6 trillion in new taxes he is proposing in the a “fiscal cliff” deal have a new worry: Will it go to bailout some $1 trillion in student loan debt, leaving enough to pay for less than two years interest on the national debt?
Critics are raising that possibility on the heels of a new Federal Reserve report that student loan debt has reached $956 billion, and it’s growing.
It is really a simple, four step process…
- Step 1) Identify your allies and opponents.
Step 2) Create a crisis for your allies.
Step 3) Seize the property of opponents to solve allies’ crisis.
Step 4) Repeat as necessary