The federal student loan program is a perfect example of government good intentions gone awry.
It also demonstrates why the founding generation wanted to limit the federal government to a few specific roles and not have it intervening into every aspect of our lives.
For Further Reading
Taxpayers on the Hook for $435 Billion in Student Loan Losses
General Welfare and Common Defense Explained By James Madison
The General Welfare Clause Is Not a Blank Check
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