The definition of insanity is doing the same thing over and over and expecting a different result.
What Warren and her socialist leader pals hide from their supporters is, just like government mandated subprime loans to people who couldn’t afford to buy a house created a massive loan debt, and created a distortion in the housing market, which eventually created a financial disaster in that market, President Johnson’s Great Socialist Society and the passage of his “Higher Education Act”, which started low interest loans to college students, has likewise led to a government created massive debt, distortion and disruption in our free enterprise, free market system, and has inflated the cost of college tuition.
Heck, with government undersigning low interest loans to potential college students, who would have known Colleges and Universities around the country would slowly but steadily increase college tuition knowing sugar daddy is there to meet the increases?
The average college faculty salary in the late 1960’s was about $12 thousand dollars. Today, that has risen to just under $100 dollars. The same inflated salaries apply to professors who received about $15 thousand in the late 1960s, compared to today’s $120 thousand dollars.
And what has government’s capitalist financing of college tuition given us? Institutions of socialist indoctrination, and outright attacks on anyone on campus who disagrees with and doesn’t tow the socialist mantra, and dares to defend our once free market, free enterprise system.
Have we not learned our lesson with respect to government engaging in capitalism? If not, a few more examples of government capitalism [investing taxpayer revenue to accomplish social goals] are in order:
Social Security Trust Fund … has a massive unfunded debt liability;
Medicare … has a massive unfunded debt liability;
Medicaid … has a massive unfunded debt liability … when will the people learn?
JWK
The Federal Reserve System of 1913 and the Sixteenth Amendment, also of 1913, have provided the necessary tools to spread the evil tentacles of democratic capitalism into almost every corner of our once free market, free enterprise system.