George Will Outlines What Should Be In Every Commencement Speech

In this video from Prager University, George Will covers truths that most commencement speakers would never consider uttering.

Here are some excerpts from the video.

“….Your tuition has been much too costly, for which you can blame the Federal Government and the avarice of the University. Washington has produced a bubble in higher education just like it produced a bubble in housing. Some Government planners decided that too few people owned homes. So the planners decided to force an increase in home ownership. They lowered lending standards for people seeking a mortgage. This produced a glut of sub-prime loans and sub-prime borrowers, and then a crash.”

“Next some Government genius decided that there were too few college students. So Government made student loans and other tuition subsidies easier to get. Of course colleges and universities responded by increasing tuition to capture these Government subsidies. Which is why the cost of college has been rising four times faster than the rate of inflation…..There is now over a trillion dollars of student loan debt….Most of you are graduating today with debt. In effect you are graduation with a mortgage but no house. And what did you get for all this expense? A sub-prime education.”

This video is really good watch the whole thing.

Related ArticleBest commencement Speech Ever? Adm. McCraven Gets My Vote, at austrianaddict.com.

Related ArticleYoung People Get Hooked Into Student Loan Debt When They Take The Student Loan Bait, at austrianaddict.com.

Related ArticleFollow Up To Student Debt Post. Government Creates The Problem, It Isn’t The Solution, at austrianaddict.com.

 

Advertisements
Explore posts in the same categories: Government and Politics

Tags: , , , ,

You can comment below, or link to this permanent URL from your own site.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: