Flunking Economics

Neither of our sons will face a huge tuition bill;

They won't have to pay for college 'cause their father will.

I assume they're both aware how fortunate they are

And will quit complaining that we won't buy them a car.

They're in the minority...  Most students need a loan;

Going into debt before they're out and on their own.

Starting life with shiny new degrees and payments due.

'though Obama wants to help, there's not much he can do.

If he said that water's wet the Right would say he's wrong.

You can kiss the Warren bill for loan reform so long.

GOP calls it a stunt; her bill will never pass...

Were I teaching Economics, they would flunk my class.

If your future work-force faces huge amounts of debt,

Forcing them to take the first job offer they can get,

Spending shrinking wages paying off their student loans,

They won't have the income to be keeping up with Jones.

Dear GOP... Where Did You Go To School?

Current student debt stands at $1 trillion. (Photo/Occupy.com)

Rates on college student loans could do as much as double...

Meaning current graduating seniors are in trouble.

GOP would tie the rates to markets; experts fear

Their solution could cost kids a thousand bucks a year.

President Obama says he'll veto any move

That does more to harm these kids than it does to improve.

We need college educated people in the States;

Why would we add more financial burdens to their plates?

College can be hard enough without this added debt.

It is in the int'rest of our country that we get:

Future scientists and doctors, teachers, engineers...

Those whose future taxes pay for our declining years.

How are they supposed to pay for us when we get old?

They'll be paying college loans while we're out in the cold.

I think that Republicans should stop and think this through.

Students will remember them when that first bill comes due.