Government's running the student loan program; what in the…
“Government's running the student loan program; what in the world could be wrong with it? If the government's running it, if Obama's taken it over, and he's got a lot of compassion, a big heart, loves people, what could possibly be wrong with it? And then the subject of tuition came up, and how come tuition never gets cut? Why does tuition always go up? Guarantee, folks, when you subsidize something, if you run a university and the government's gonna subsidize parts of your operation, why in the world should you cut anything?”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
The speaker argues that government subsidies for universities prevent tuition cuts, implying that public funding removes incentive to lower costs.
In simple terms: Government funding makes schools keep raising tuition.
Key Takeaway
Recognize that subsidies can distort market incentives.
Themes
economics
education
policy
Mood
critical
concerned
Type
political
commentary
When to use this quote
- college budgeting
- student loan discussions
- government budgeting
- higher education reform
Key Concepts
public finance
subsidy effects
price controls
Questions to Reflect On
- How do subsidies affect tuition pricing?
- What alternatives could control costs?
A Different Perspective
Subsidies may also improve quality or access, not just raise prices.