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Message: [QUOTE="8893, post: 2511258, member: 93"] Well it's a bit misguided, but there is some truth to [USER=8028]@MadDogRevival[/USER] 's beef. But he should have the same beef with anything the government incentivizes then. Why is there so much corn syrup and other corn-based products in so many American foods and other items? Because the government subsidizes the hell out of corn, which, ironically, is probably the biggest cause of the obesity and diabetes epidemic in this country. Why did the last financial collapse occur? In large part because of the collapse of the housing market that was bogged down with worthless mortgages that were extended because the government wanted to expand home ownership. To that last point, like the college loan borrowers, the people taking out the mortgages also share a lot of the blame imo. Just because someone is willing to loan you money doesn't mean you should take it; and if you do, you have to be prepared to pay it back. I remember when we bought the house in which we presently live, more than 14 years ago. I had a Hubbard clause because I needed to sell our other house in order to buy the new one. The seller called the Hubbard clause a few days after accepting our bid and I was amazed that the bank allowed me to remove it, too, which would have meant I was on the hook for two mortgages if my other house didn't sell (it did, but there is no way in hell I should have been carrying two mortgages). I still think that the government should incentivize home ownership and college education, but that doesn't mean that you should buy either a house or a degree you can't afford. There are a lot of low-cost college options. [/QUOTE]

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