Obama’s New Student Debt Law Perpetuates The State Of Welfare

Never mind the fact that it was idiotic to get a $100,000 loan in order to get a Psychology or a Marine Biology degree. Now, the Obama Administration is trying to stick the taxpayer with a bill. Again. Who will—and won’t—benefit from student loan aid

Students with federal loans will be able to cap payments at 10% of their monthly income for 20 years. Any remaining balance thereafter will be dismissed.

So, let me get this straight. Not only does the law sticks the taxpayer with paying for someone else’s overpriced education, but it also creates a Welfare mindset while discouraging hard work. Simply brilliant. Welcome to the United Socialist States Of America.