Personal Responsibility is Dead, Obama Nationalizes Student Loan Debt by Executive Fiat

Student Loan DebtObama Nationalizes Student Loan Debt, What Could Possibly Go Wrong
With This? –Image: WSJ

(Daily Signal) Bypassing Congress ‘again’ President Obama this time took executive action expanding existing federal loan options available to college students–capping monthly loan payments at 10% of the borrowers discretionary income and forgiving their remaining balance after 20 years.

Whatever happened to personal responsibility, in choosing where to go to college and paying for student loan debts that one accumulates?

Related: Student Debt Blows Chill Wind at Housing Recovery –Forbes

(Video) Obama’s Endless War on Young People –YAF

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