Sen. Elizabeth Warren set to roll out student debt plan with Rep. James Clyburn

[customerserviceguy]

14. I can think of one

Look at the two areas of the economy where inflation is much higher than the rest of the economy. One is higher education, and the other is healthcare. Both have a situation where payment is third-partied, in other words, "somebody else" pays the bill. Or, in the case of higher education, the cost is deferred over many years, often without the borrower having to have a workable plan to pay off the debt, or even realizing just what it's going to cost in the long run.

Medical expenses and higher education costs are the only two places where a person with little or no credit can rack up an enormous debt. There's waste, fraud, and abuse at all levels of both systems. The so-called "Varsity Blues" scandal was just the tiniest tip of the iceberg. Oh, well, at least people still have bankruptcy to get out of medical debt.