On Higher Education

 This is EXACTLY WHY the affordability of higher education is escaping the middle class. The more Uncle Sam hikes the loan limits, the more colleges raise their tuition. There is absolutely no incentive for higher educational institutions to control their costs nor to hold the line on their tuition rates, much like the medical industry had no incentive to control their costs because insurance rates and payouts kept on increasing.

This is a vicious cycle. Colleges raise tuition, feds raise amounts for student loans, young people go into higher and higher levels of debt that they won't be able to pay, on loans in which there is no forgiveness or even a chance of filing for bankruptcy, resulting in near lifetimes of indentured servitude to the State.

This cannot, of course, be sustained. Fewer and fewer middle class people will be able to afford to take out the loans necessary to go to college, leaving college as a luxury to be afforded by the very rich, or as a handout to the poor who are more likely to qualify for grants.

This, along with confiscatory taxation on otherwise upwardly mobile small business entrepreneurs, will only serve to widen the gap between the trust fund rich and the middle class, and eventually will squeeze out the middle class entirely.

Welcome to your brave new world.