Reagan's policy of starving education & cranking up student debt has made US banks piles of money, but stopped generations of young people from starting businesses, having families & buying homes.
Ronald Reagan knew that an educated populace was more progressive and more Democratic, and he was determined to stop the explosion of college educated Americans caused by both the 1944 GI Bill and free tuition at the University of California.
Forty years later, student debt has crippled two generations of young Americans: over
44 million people carry the burden, totaling a $1.5 trillion drag on our economy that benefits nobody except the banks earning interest on the debt.
But that doesn't begin to describe the damage student debt has done to America since Reagan, in his first year as governor of California, ended free tuition at the University of California and cut state aid to that college system by 20 percent across-the-board. Read more at
HartmannReport.com.
-Thom
