As if the student loan scandal was not bad enough:
U.S. Republican Senator Marco Rubio, a possible 2016 White House contender, unveiled legislation on Wednesday to broaden the use of financial vehicles known as “income share agreements” that students can use to fund their higher education costs. Under the agreements, which are marketed as an alternative to traditional student loans, private investors or organizations provide students with financing for their education costs in exchange for a percentage of their future earnings.
Any Republican who dreams about a Rubio presidency is a fool. Rubio may actually be a worse candidate than John McCain was. This is nothing more than permitting young people to sell themselves into indentured servitude in exchange for a college degree.
While he’s at it, why not let men buy a percentage of a woman’s future sexual services in return for financing her education costs? If we’re going to let students peddle their futures, the least we can do is permit them to sell their bodies as well.
I wouldn’t have a problem with this if we lived in a genuine libertarian society. But in a bankster-ruled world where student loans cannot be discharged through bankruptcy, it is an EXCEPTIONALLY bad idea.