Reagan's policy of starving education and cranking up student debt has made U.S. banks piles of money, but stopped generations of young people from starting businesses, having families, and buying homes.
Ronald Reagan knew that an educated populace was more progressive and more Democratic, and he was determined to stop the explosion of college educated Americans caused by both the 1944 GI Bill and free tuition at the University of California.
Forty years later, student debt has crippled two generations of young Americans: over 44 million people carry the burden, totaling a $1.5 trillion drag on our economy that benefits nobody except the banks earning interest on the debt.
Student debt is a rare or even nonexistent thing in most western democracies
