The single payer system for college

So the way Obamacare plans to help health care is to offer more competition by offering a government plan.

How did that work in the education arena?

The WSJ with the results..............

Democrats are planning to use the autumn budget reconciliation to bring America further down the road to a single-payer system—and not just in health care. Responding to a White House request, pending House legislation would make the federal government the dominant lender in the $100 billion market for student loans.

Not that Congress has traditionally kept its hands off this business. As in health care, intervention in the education market has gone hand-in-hand with rising costs. While government accounts for 41% of health-care spending, the feds guarantee or issue roughly 80% of student loans, subsidizing the rates and also offering a slew of grant programs. Not by coincidence, higher education costs have risen much faster even than in the health-care market. From 1982 through 2007, college tuition and fees increased 439% in nominal dollars, almost triple the rise in median family income, according to the National Center for Public Policy and Higher Education.

Now the plan is to squeeze out what remains of the private market. Until now, there were three options for students needing to borrow for college: private loans, government loans and loans made by private lenders but guaranteed by the government. The plan for the fall is to outlaw this last category—more than half the current market—while tightening the noose around the small share that remains free and poses no threat to taxpayers. Simply put, we are watching in student loans exactly what ObamaCare's harshest critics have forecast for health care: a "public option" that ultimately destroys all competition.

The cold hard truth. The more money we make available to kids for education, the more money the education leaches suck out of the students.

Lately, I've commented to the lovely Mrs. Gekko about the proliferation of all these "colleges" who've set up a campuses in suburban office parks. They're everywhere.

Here's some of these office park schools who advertise degrees in pajamas.....

Chatfield College
Brown Macke Collage
Antonelli College
Kaplan College
Southwestern College
National College
Ashland University
Mt. Vernon Nazarene
Daymar College
Miami Jacobs College
Galen College
Indiana Wesleyan

Ask yourself the question. Why is it that these schools are jumping up all over God's creation?

Of course, to many questions, if you answer money, you're normally correct 95% of the time. And in this case you would also be correct. These guys know there's lot's of student loan and Pell grant money to extract from any ding dong with a high school diploma.

The end result is a poorly prepared "college graduate" and a school who's pocketed lot's of money.

Even the traditional schools understand that people will seek out a college education for their kids and will pay "X" for the privilege. Adding government money to the mix never changes the "X" for the parent/student.

So while liberals are still looking to take over our medical establishment. How about cleaning up the messes you've already created out there.