Mitt Romney Solves Student Loan Problem: Borrow from Your Rich Parents
I don’t know why I didn’t think of this solution before. Why borrow from the federal government, and force everyone to support public education through subsidized loans, when you can just borrow the tuition, room and board money from mom and dad? From Think Progress [emphasis theirs], here’s what Mitt suggested today:
This kind of devisiveness, this attack of success, is very different than what we’ve seen in our country’s history. We’ve always encouraged young people: Take a shot, go for it, take a risk, get the education, borrow money if you have to from your parents, start a business.
Seems to me this solves a very difficult problem in Congress. Today, John Boehner’s House crazies, which include a lot of Democrats, voted for the GOP bill to continue offering low interest loans on condition we pay for it by reducing spending on preventive health care in the Affordable Care Act. That just made those who voted for it look bad, and after all, the President has promised to veto this idea that he once supported.
Under Mitten’s plan, any student can simply sit down at the dinner table, and after mom explains she may have to take on that third job, and dad talks about how he can’t even get an interview for a job that pays him half what he made before he lost his job 20 months ago, but his unemployment insurance is about to expire, the student just lays it out there: “Uh, I need to borrow at least $15,000 every year for a while. Whaddaya think?” Mitt understands this, because as he once told a family, he’s unemployed too.
Then they discuss how they can always get a second or third mortgage on their underwater home or cash in on dad’s pension plan, though it may be tied up in his former company’s bankruptcy for a bit.
Now at Mitt’s house, the conversation would be a bit tougher for the boys, because he might demand they spend a year slumming in Paris before applying for one of those less expensive schools, because, uh, times are tough.