It's often said that a government big enough to give you everything you want is also big enough to take everything you have. Additionally, in the collapse of the Global Debt Ponzi we can only expect that the marginal players will be hit first and worst. Both of these themes are in play with today's story on the government TEACH program. Essentially, the government promised that if teachers wanted to get higher education on the public dole that they could work off their debt by teaching critical subjects in undesirable locations with "disadvantaged" students.
In response, trusting doe-eyed liberal teachers like the one below who was highlighted in the story accepted the Devil's handshake in this matter and began taking their higher ed courses. But now with interest rates on the rise it has begun to get harder to get people to loan our government money to fund these programs with and so the government is looking for any reason, any infraction, any subtle human failure in order to declare that the recipient did not meet the letter of their agreement and thus the grants are converted to loans, with interest, effective immediately and without recourse.
Well this kind of crap is pretty much what I expect their beloved government to pull and it is just this kind of thing that is going to turn something for nothing liberals against the big Godverment that they worship as the end all be all.
Now, I know lots of people want to blame this on Trump, Trump hates education, etc. but the facts do not support that assertion. As you can see by the paperwork that the teacher shows us, she received the letter telling her she was now the owner of a big pile of student debt instead of a grant was dated January 30, 2017. Trump was only sworn into office on January 20th 2017. I doubt that in the first 10 days of his reign that he told the education dept to start screwing its teachers over. The turmoil at that time with the transition, picking new cabinet members, etc. was very high. No, this was in flight during Obama's reign. He threw his loyal liberal followers under the bus on his way out the door.
Personally I think the whole thing sucks but an increasingly desperate government is going to do increasingly desperate things and the marginal players are always hit first and worst. The best bet is to just avoid any dealings with corrupt government to the extent possible. If you shake hands with the devil the odds are high that you will get burned. A lot of liberal government employees enjoyed the upside of low rates that allowed for exploding government debt. Welcome to the downside. We ain't seen bad yet, but its coming.
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