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Rep. Kaptur ignores debt issue in criticism of Rep. Ryan’s budget

Register • Apr 29, 2014 at 4:20 PM

According to an April 23 Register story, U.S. Rep Marcy Kaptur, D-Toledo, doesn’t like the impact a federal budget proposed by Congressman Paul Ryan, R-Wis., supposedly would have on education.

Speaking April 22 at a BGSU Firelands community forum, Kaptur reportedly said the Ryan budget “would cut one-third across all accounts, from Pell (grants) and work investment funding” and that it would “leave casualties everywhere, from students to retraining”

The Register dutifully reported Kaptur’s claim, so now why doesn’t some enterprising reporter call Rep. Ryan and ask why he’s proposing cuts? Is he trying to punish students or could it be he’s extremely concerned about our $17 trillion and growing total national debt?

Indeed, are there harmful economic consequences of a massive debt like that, not to mention unfunded federal liabilities of $60 trillion (I’ve seen as high as $100 trillion), and the debasement of our currency — all fueled by profligate federal spending and unreformed federal entitlement programs? I happen to believe there are, and it appears we’re on course to experience them in the not-too-distant future.

Also, here’s another possible story: Have taxpayer-subsidized, low-cost loans like Pell and Stafford grants distorted normal supply-and-demand market forces and, as a result, greatly increased the cost of a college education, leaving many young borrowers saddled with huge amounts of debt?

I doubt you’d get an objective answer about that from a Democrat like Kaptur, so I suggest you contact someone like Dr. Richard Vedder, distinguished professor emeritus of economics at Ohio University and director of The Center for College Affordability & Productivity. I’ll bet he would be glad to speak to a Register reporter.

— Jeff Reed


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