He is in a panic about the possibility that student loan rates might double, but he is adamant that TRICARE premiums need to quadruple.
Let’s look at ahead at 2020. Imagine this huge segment of society...owing $80k upon graduation at college. Their interest in high-end cars? Zero. Their interest in getting a house by age 25? Zero. You create a society where our economy will stumble easily within a decade. These student loans are just as much trouble in the future....as social security. I certainly don’t think you can allow several million of these big-loan potential-failures to be existing. It’s like the housing bubble of 2008....you simply are begging for a problem.