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Politics : Formerly About Advanced Micro Devices

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RetiredNow

To: RetiredNow who wrote (1085657)	8/29/2018 6:20:23 PM
From: PKRBKR	1 Recommendation Read Replies (1) of 1576480

* Education costs rose as a direct result of Obama's disintermediation of the college loan industry by going to direct government guarantees, which destroyed the free market in interest rates and acted as gasoline on a fire for the educational loan market, driving up the ability of universities to raise prices, given massive loan capability through gov't loan guarantees. * Health care cost increases were a direct result of Socialism in the form of Obamacare, which was mathematically not viable from the moment of the birth of the bill. Give students easy access to government backed loans sounds like a great idea. This has been going on long before Obama. The unintended consequences are devastating. I'm lucky my kids are done but we were caught up in the spiral and it cost me a number of years of retirement. It keeps getting worse. I'm not certain how to unwind this mess. I would love to see a graph from post WWII showing cost of healthcare versus year and compared to inflation. I'm too lazy to find it but I'm sure it spiked after government mandated healthcare came on board in the 60's. Obamacare just increased the slope of the line a bit.

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