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<p>[QUOTE=&quot;MEC2, post: 1983840, member: 38692&quot;]I agree with you Funkee on spending, it is of course the issue. Frankly, I would not oppose an slight increase in the higher marginal rate IF it was accompanied by a truly balanced budget that includes a slow debt paydown component. If it means stopping the insanity of trillion dollar deficits, and trillion dollar entitlements, then you cut spending and slightly increase taxes, because, that&#039;s where the money is...</p><p><br /></p><p>I also agree with you Rick about student debt. The government has taken a step toward wiping out debt by removing banks from the equation. A cynical eye would see the creation of a dependency block of the young and old - money is taken from the old to subsidize student debt, money from the young is taken to subsidize health care for the old. Now both blocks depend on taking money from each others pockets through Uncle Sugar.</p><p><br /></p><p>Student debt is another government created inflationary bubble - although there is no actual commodity that is fungible. It proves the axiom that you get more of what you subsidize. Offering to fully finance the cost of education has increased the cost of education. We now have a system of vastly overpriced degree mills and a flood of graduates for whom there are no jobs in their field, and an employment system that out of laziness screens candidates without a degree for no reason whatsover. Want to be a shift supervisor of 15 people in a call center? HR says you have to have a degree. Why? Because it makes their job easier. But the job doesn&#039;t justify 4 years and $20k-$40k of debt.</p><p><br /></p><p>A great many people would be better off if there parents just invested their college money and let them retire in 35 years. A decent fund with dividend reinvestment would let them retire a millionaire.[/QUOTE]</p><p><br /></p>

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