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Labor, Education & PensionsD

The Student Loan Bubble Looks like “Déjà Vu”

Higher education is following the same pattern that housing did in the lead up to the 2008 financial crisis. Just like in housing during the previous decade, a student lending “bubble” is now being inflated by heavy federal interventions that could have severe unintended consequences.

Labor, Education & Pensions Legislative Alerts

How Washington D.C.’s Attack on Walmart Hurts the Poor

July 15, 2013 J

By Steven Russell Last Wednesday, Washington D.C.’s  city council approved a bill to raise the minimum wage requirement for large retailers from $8.25 to $12.50 an hour. The measure is largely seen as an attempt to attack Walmart, which has spent three years planning to open six new stores in the district. Why would lawmakers [...]

As Interest Rates Double, We Need Less Gov’t, Not More

July 01, 2013 J,

Borrowing costs for as many as 7 million students who use federally subsidized Stafford loans will increase abruptly if Congress does not change existing law. Many have criticized Congress for allowing this rate reset to happen, but few recognize a more serious underlying problem surrounding this issue. Rather than calling for more knee-jerk legislation, the public should question why the government is so deeply involved with higher education funding in the first place. The reality is that government loans are a root cause for skyrocketing tuition prices, massive student debt, and high undergraduate unemployment.

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