Peter Schiff explains how the new college loan plan will back fire

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Uploaded by on Apr 3, 2010

Peter breaks down the economic inanity of Obama's new college tuition program passed in March of 2010. Once again the government cure is worse than the disease. Please donate to Peter's Senate campaign at www.Schiff4Senate.com

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  • Then why are the for-profit universities so much more expensive than the government run ones?

  • @KroniklyCanuck How do you not understand the logic? Its so simple! A socialist renaming themselves neo-liberal doesn't make them any less socialist.

  • Yeah ..yeah Mr Schiff i get it, the free market is the new God, profit is the new jesus, and we should allow the "invisible hand " to continue to do its work. I am not sure where all these socialists in the government are located, but i would sure like to find them and shake there hand.

  • "There is a VOID in leadership at the University of Pennsylvania."

  • screw the senate...schiff for prez 2012

  • @thablackmarkit

    Even the Federal Govt? That contradicts the 10th Amendment.

    This must be challenged in the courts.

  • I love Peter. However there was a misspeak on his part when he said '..one in a million shot...' ha ha..that would sorta hurt his campaign if he thought he didn't have a real shot. That's okay Peter. I'm still donating!

  • Peter, I am a huge supporter of yours but you need to look at the government loans again. They have limits on how much you can borrow. For instance, I can only borrow $1,500.

  • @thablackmarkit Monopolies are totally legal for the government unfortunately.

  • Isn't taking over student loans a monopoly? Aren't monopolies illegal ?

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