Comment Short term pain for long term gain (Score 1) 1797
The problem I really see, is that Paul's solutions are all long term and there is a lot of pain involved in getting to his ultimate goal. I like the ultimate goal, but Americans are way too short sighted to look at things that way.
If he eliminates student loans, in the short term a whole lot of people will suffer. In the long term, school will have decreased enrollment and be forced to lower tuition costs in order to attract students.
In the short term, community college enrollment will skyrocket, and a lot of people will graduate from college a lot less in debt than they are now.
And there really is no reason banks can't still offer loans for college to people.