Senator Durbin to transfer student loan debt and cost of textbooks to taxpayers

Illinois Review reports:

In an attempt to gin up the youth vote for the November election, U.S. Senator Richard "Dick" Durbin has co-sponsored and written legislation that will allow students who declare bankruptcy to get rid of their taxpayer-financed student loan debt, and subsidize (again with tax money) textbook purchases.

At the moment, student debt, which is the result of ever-increasing tuition costs driven by government subsidized student loans, cannot be erased by filing bankruptcy. Durbin thinks this is wrong and argues that the government must step in and protect students from the debt they've accrued as a result of government loans. He's calling his bill a student-loans “bill of rights.”

In addition, Durbin has introduced legislation called the Affordable College Textbook Act, which is co-sponsored by Minnesota Senator Al Franken (D). The bill would create a taxpayer-subsidized grant program for colleges and universities around the country to develop and expand the use of open-source textbooks. In other words, working taxpayers would now pay for the writing, updating, printing, and use of textbooks, which would then be free online for students.

Government created the problem of high tuition by subsidizing it : now Senate Durbin wants to stick the taxpayers with the bill. What's really creepy is Dick Durbin will get into the text book writing business. Senator Durbin appears to believe in the central planning of Mikhail Suslov.