Total student-loan borrowing is approaching $1 trillion dollars and both Barack Obama and Occupy Wall Street (OWS) protesters are adamant some or all of that debt should be forgiven.
But forgiving such loans ignores that the debt is voluntary, is relatively small for the average borrower, and merely continues the same bailout mentality that has already gutted the American economy.
For a link-rich, heavily documented text version of this argument, go to
http://reason.com/archives/2011/11/18/3-reasons-we-shouldnt-bail-out-student-l
"3 Reasons We Shouldn't Bail Out Student Loan Borrowers" is written and narrated by Nick Gillespie and produced by Meredith Bragg.
About 3.33 minutes long. Go to
http://reason.tv for downloadable versions and subscribe to Reason's YouTube channel to receive automatic notifications when new material goes live.
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