You get what you pay for

The ultra-left-wing socialists in Congress, including Sen. Bernie Sanders, D-Vt., and Sen. Elizabeth Warren, D-Mass, are introducing the so-called “College for All Act” this week intending to make a college education free for all U.S. citizens, regardless of income or demographic. It’s another proposed government sponsored give-away-free-for-all.

And as we all know so well, when you get government stuff for free, you get what you pay for. The value of higher education in America will swiftly drop to the lowest common denominator. If everyone gets a free education, how much do you think it will be worth?

More to the point, do you really think that everyone should seek a college education? Should house maids, garbage collectors, street sweepers, gardeners, and burger flippers and welfare queens all have college educations?

What is the progressive socialist statist motive to make college education free? Will it actually be valuable higher education or just more post public school indoctrination? "Education should be a right, not a privilege," Sanders said on the campaign trail. "We need a revolution in the way that the United States funds higher education."

Free stuff is a right.

Let’s have a revolution and declare that everything shall be free.

New York Federal Reserve Bank President William Dudley thinks so. He says it may be time to consider making college tuition free because of the impact of student debt on the economy. Student debt has negative impact on household spending power. Well, yeah, that sound about right.

You see, if students have to borrow money to buy a higher education, they’ll have less money to buy other stuff, so maybe we should just make all stuff free. “To the extent that student-loan growth inhibits homeownership, this could obviously have significant consequences for the economy, because when someone buys a home, that can lead to more home construction, which has a pretty high multiplier,” says Dudley. 

Studies have indicated student debt holders are less likely to buy homes even though college graduates have a higher probability of buying a home than those without a college degree. Well, perhaps the obvious answer to that problem is to simply make both college and home ownership free, right?

Yes, and studies have also shown than when stuff is free you get what you pay for.