Comment by jdoliner

Anytime the US wants the world to be a certain way but just can't quite get reality to conform debt is our answer. Everyone should be a homeowner but for some reason isn't? Simple, just give them cheap loans for houses. Everyone should be educated but it doesn't seem to be happening? Debt time. Why do we do this? Because it allows us to pretend that complicated long-term structural problems are simple short-term capital problems. People just need some activation energy to get over the hump, that's all. We're addicted to debt, if we ever admitted that it's not solving these problems for us we'd have to contend with reality, and who wants to do that? Especially a reality as dismal as that of public education.