… notes the love affair between the right and the for-profit tax siphons. [Subscription]
[F]raud appears to be a standard element of the business model. Since the government guarantees almost every loan regardless of whether the students can pay it back, the institutions have an incentive to sweep in as many students as possible, regardless of their prospects of graduating. … The question at hand is whether the federal government should apply some performance metric to its college loans or simply hand out cash willy-nilly. Amazingly, handing out cash willy-nilly has become the conservative position in this debate.
April 1st, 2011 at 8:56PM
Harris Miller is a big functionary in the VA Dem party and ran for Senate..
http://www.bluevirginia.us/tag/Harris%20Miller
So, I’m not sold on the idea that this is a rightist problem only. dave.s.
April 2nd, 2011 at 8:53AM
You’re right, dave.s., that some Dems are on the wrong side of this as well — But it’s the Republicans who – as Chait suggests – are making a major fuss.