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	<title>Comments on: American Colleges Are Over $205 Billion in Debt, Harvard is $6 Billion in Debt</title>
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	<link>http://www.frontpagemag.com/2012/dgreenfield/american-colleges-are-over-205-billion-in-debt-harvard-is-6-billion-in-debt/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=american-colleges-are-over-205-billion-in-debt-harvard-is-6-billion-in-debt</link>
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	<item>
		<title>By: Guest</title>
		<link>http://www.frontpagemag.com/2012/dgreenfield/american-colleges-are-over-205-billion-in-debt-harvard-is-6-billion-in-debt/comment-page-1/#comment-4062010</link>
		<dc:creator><![CDATA[Guest]]></dc:creator>
		<pubDate>Sat, 22 Dec 2012 23:01:26 +0000</pubDate>
		<guid isPermaLink="false">http://frontpagemag.com/?p=169628#comment-4062010</guid>
		<description><![CDATA[By printing more and more money the Federal reserve can steal everyone&#039;s profits by devaluating the dollar. Like a BIG Siphon hose that extends down into everyone&#039;s pockets and bank accounts with a bunch of bankers at the top that SUCK!! 
 ]]></description>
		<content:encoded><![CDATA[<p>By printing more and more money the Federal reserve can steal everyone&#039;s profits by devaluating the dollar. Like a BIG Siphon hose that extends down into everyone&#039;s pockets and bank accounts with a bunch of bankers at the top that SUCK!! </p>
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		<title>By: SuicidePrevention</title>
		<link>http://www.frontpagemag.com/2012/dgreenfield/american-colleges-are-over-205-billion-in-debt-harvard-is-6-billion-in-debt/comment-page-1/#comment-4060796</link>
		<dc:creator><![CDATA[SuicidePrevention]]></dc:creator>
		<pubDate>Sat, 22 Dec 2012 15:17:17 +0000</pubDate>
		<guid isPermaLink="false">http://frontpagemag.com/?p=169628#comment-4060796</guid>
		<description><![CDATA[The Peterson Institute is the source of most of the handwringing about government debt. It steadfastly refuses to recognize these accounting identities. Meanwhile no attention to  real issues like crumbling infrastructure and depleting natural resources. ]]></description>
		<content:encoded><![CDATA[<p>The Peterson Institute is the source of most of the handwringing about government debt. It steadfastly refuses to recognize these accounting identities. Meanwhile no attention to  real issues like crumbling infrastructure and depleting natural resources. </p>
]]></content:encoded>
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		<title>By: SuicidePrevention</title>
		<link>http://www.frontpagemag.com/2012/dgreenfield/american-colleges-are-over-205-billion-in-debt-harvard-is-6-billion-in-debt/comment-page-1/#comment-4060775</link>
		<dc:creator><![CDATA[SuicidePrevention]]></dc:creator>
		<pubDate>Sat, 22 Dec 2012 15:08:08 +0000</pubDate>
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		<description><![CDATA[Little picture: In an era of ultra low interest rates Harvard has an endowment of $30.7 billion and $6 billion in debt. Seems reasonable. 
Big picture: private sector balance of payments + government sector balance + trade balance = $0 
This is a truism. It means, for example, that if households are reducing debt, and the trade balance is constant, then government debt must be increasing. (Similarly, the sum of national trade balances in the world must be zero. If there are 3 countries in the world A,B and C, and A exports $100 billion more than it imports and B exports $200 billion more than it imports, then C must import $300 billion more than it exports.) 
The money supply expands when private sector debtors defualt on money owed to the goverment, or when counterfeit money enters circulation. The money supply contracts when cash is burned or otherwise removed from circulation. ]]></description>
		<content:encoded><![CDATA[<p>Little picture: In an era of ultra low interest rates Harvard has an endowment of $30.7 billion and $6 billion in debt. Seems reasonable.<br />
Big picture: private sector balance of payments + government sector balance + trade balance = $0<br />
This is a truism. It means, for example, that if households are reducing debt, and the trade balance is constant, then government debt must be increasing. (Similarly, the sum of national trade balances in the world must be zero. If there are 3 countries in the world A,B and C, and A exports $100 billion more than it imports and B exports $200 billion more than it imports, then C must import $300 billion more than it exports.)<br />
The money supply expands when private sector debtors defualt on money owed to the goverment, or when counterfeit money enters circulation. The money supply contracts when cash is burned or otherwise removed from circulation. </p>
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		<title>By: objectivefactsmatter</title>
		<link>http://www.frontpagemag.com/2012/dgreenfield/american-colleges-are-over-205-billion-in-debt-harvard-is-6-billion-in-debt/comment-page-1/#comment-4059915</link>
		<dc:creator><![CDATA[objectivefactsmatter]]></dc:creator>
		<pubDate>Sat, 22 Dec 2012 09:20:43 +0000</pubDate>
		<guid isPermaLink="false">http://frontpagemag.com/?p=169628#comment-4059915</guid>
		<description><![CDATA[&quot;This isn&#039;t about &quot;Marxism&quot;; it&#039;s about aggressive optimism...&quot;  
 
Rooted in the ideology of Marx, whether or not you recognize this.  
  
&quot;The people who run our colleges and universities thought alumni donations were a bottomless pit and that tutition hikes, fees and grants would cover the rest. Well, they bumped up against limits. Eventually, the bills will come due.&quot;  
 
&quot;Optimism&quot; so &quot;aggressive&quot; that reality didn&#039;t matter? That&#039;s what we call delusional you silly troll.   
 
Definition of DELUSION  
  
1: the act of deluding : the state of being deluded  
  
2 a : something that is falsely or delusively believed or propagated  
b : a persistent false psychotic belief regarding the self or persons or objects outside the self that is maintained despite indisputable evidence to the contrary; also : the abnormal state marked by such beliefs  
  
&#8212; de&#183;lu&#183;sion&#183;al  adjective  
&#8212; de&#183;lu&#183;sion&#183;ary  adjective  
  
I&#039;m sure many of them meant well. Give them a hug for me, will you? ]]></description>
		<content:encoded><![CDATA[<p>&quot;This isn&#039;t about &quot;Marxism&quot;; it&#039;s about aggressive optimism&#8230;&quot;  </p>
<p>Rooted in the ideology of Marx, whether or not you recognize this.  </p>
<p>&quot;The people who run our colleges and universities thought alumni donations were a bottomless pit and that tutition hikes, fees and grants would cover the rest. Well, they bumped up against limits. Eventually, the bills will come due.&quot;  </p>
<p>&quot;Optimism&quot; so &quot;aggressive&quot; that reality didn&#039;t matter? That&#039;s what we call delusional you silly troll.   </p>
<p>Definition of DELUSION  </p>
<p>1: the act of deluding : the state of being deluded  </p>
<p>2 a : something that is falsely or delusively believed or propagated<br />
b : a persistent false psychotic belief regarding the self or persons or objects outside the self that is maintained despite indisputable evidence to the contrary; also : the abnormal state marked by such beliefs  </p>
<p>&mdash; de&middot;lu&middot;sion&middot;al  adjective<br />
&mdash; de&middot;lu&middot;sion&middot;ary  adjective  </p>
<p>I&#039;m sure many of them meant well. Give them a hug for me, will you? </p>
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		<title>By: Thomas Wells</title>
		<link>http://www.frontpagemag.com/2012/dgreenfield/american-colleges-are-over-205-billion-in-debt-harvard-is-6-billion-in-debt/comment-page-1/#comment-4059304</link>
		<dc:creator><![CDATA[Thomas Wells]]></dc:creator>
		<pubDate>Sat, 22 Dec 2012 05:13:43 +0000</pubDate>
		<guid isPermaLink="false">http://frontpagemag.com/?p=169628#comment-4059304</guid>
		<description><![CDATA[Marxism,which is being pushed in today&#039;s colleges, is not a valid economic theory. Being a cheerleader for Marxism, leads to other unsound economic practices, such as piling dept on top of dept. Both are related to a fundamentally delusional idea that the state should and will bail you out. ]]></description>
		<content:encoded><![CDATA[<p>Marxism,which is being pushed in today&#039;s colleges, is not a valid economic theory. Being a cheerleader for Marxism, leads to other unsound economic practices, such as piling dept on top of dept. Both are related to a fundamentally delusional idea that the state should and will bail you out. </p>
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		<title>By: Questions</title>
		<link>http://www.frontpagemag.com/2012/dgreenfield/american-colleges-are-over-205-billion-in-debt-harvard-is-6-billion-in-debt/comment-page-1/#comment-4059152</link>
		<dc:creator><![CDATA[Questions]]></dc:creator>
		<pubDate>Sat, 22 Dec 2012 04:18:55 +0000</pubDate>
		<guid isPermaLink="false">http://frontpagemag.com/?p=169628#comment-4059152</guid>
		<description><![CDATA[This isn&#039;t about &quot;Marxism&quot;; it&#039;s about aggressive optimism.  Higher education got cocky.  The people who run our colleges and universities thought alumni donations were a bottomless pit and that tutition hikes, fees and grants would cover the rest.  Well, they bumped up against limits.  Eventually, the bills will come due.   ]]></description>
		<content:encoded><![CDATA[<p>This isn&#039;t about &quot;Marxism&quot;; it&#039;s about aggressive optimism.  Higher education got cocky.  The people who run our colleges and universities thought alumni donations were a bottomless pit and that tutition hikes, fees and grants would cover the rest.  Well, they bumped up against limits.  Eventually, the bills will come due.   </p>
]]></content:encoded>
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		<title>By: objectivefactsmatter</title>
		<link>http://www.frontpagemag.com/2012/dgreenfield/american-colleges-are-over-205-billion-in-debt-harvard-is-6-billion-in-debt/comment-page-1/#comment-4058897</link>
		<dc:creator><![CDATA[objectivefactsmatter]]></dc:creator>
		<pubDate>Sat, 22 Dec 2012 02:43:49 +0000</pubDate>
		<guid isPermaLink="false">http://frontpagemag.com/?p=169628#comment-4058897</guid>
		<description><![CDATA[&quot;Alas, the road to hell is paved with good intentions. President Lyndon Johnson instituted the federal student loan program, so that &quot;no poor student&quot; would not be able to go to college.&quot; 
 
 
Give them an inch... ]]></description>
		<content:encoded><![CDATA[<p>&quot;Alas, the road to hell is paved with good intentions. President Lyndon Johnson instituted the federal student loan program, so that &quot;no poor student&quot; would not be able to go to college.&quot; </p>
<p>Give them an inch&#8230; </p>
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		<title>By: objectivefactsmatter</title>
		<link>http://www.frontpagemag.com/2012/dgreenfield/american-colleges-are-over-205-billion-in-debt-harvard-is-6-billion-in-debt/comment-page-1/#comment-4058894</link>
		<dc:creator><![CDATA[objectivefactsmatter]]></dc:creator>
		<pubDate>Sat, 22 Dec 2012 02:42:59 +0000</pubDate>
		<guid isPermaLink="false">http://frontpagemag.com/?p=169628#comment-4058894</guid>
		<description><![CDATA[&quot;That what the colleges get for degenerating into Marxist cheerleaders.&quot; 
 
That what the colleges get for degenerating into Marxists. ]]></description>
		<content:encoded><![CDATA[<p>&quot;That what the colleges get for degenerating into Marxist cheerleaders.&quot; </p>
<p>That what the colleges get for degenerating into Marxists. </p>
]]></content:encoded>
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		<title>By: Snow White</title>
		<link>http://www.frontpagemag.com/2012/dgreenfield/american-colleges-are-over-205-billion-in-debt-harvard-is-6-billion-in-debt/comment-page-1/#comment-4058891</link>
		<dc:creator><![CDATA[Snow White]]></dc:creator>
		<pubDate>Sat, 22 Dec 2012 02:42:24 +0000</pubDate>
		<guid isPermaLink="false">http://frontpagemag.com/?p=169628#comment-4058891</guid>
		<description><![CDATA[Everytime the fed. govt.comes up with a new plan to help &quot;the poor&quot; pay for college tuition The cost of higher education  goes up in direct proportion.  Govt. grants, Pell grants, Hope Scholarshps, student loans.  All precipitated increases that gob bled them up immediately. Just Proves Adam Smith&#039;s theory that &quot;the price will be what the trade will bear.&quot; is right.The thing that bothers me about this government fiasco is that white students are having to sell themselves into indentured servitude while minorities and other favored groups are given government grnts which do not have to be repaid. Looks like in addition to reparations, the white man is being enslaved by our  government which is more concerned with redressing real and imagined past grievances than it is about treating everyone as equals.  ]]></description>
		<content:encoded><![CDATA[<p>Everytime the fed. govt.comes up with a new plan to help &quot;the poor&quot; pay for college tuition The cost of higher education  goes up in direct proportion.  Govt. grants, Pell grants, Hope Scholarshps, student loans.  All precipitated increases that gob bled them up immediately. Just Proves Adam Smith&#039;s theory that &quot;the price will be what the trade will bear.&quot; is right.The thing that bothers me about this government fiasco is that white students are having to sell themselves into indentured servitude while minorities and other favored groups are given government grnts which do not have to be repaid. Looks like in addition to reparations, the white man is being enslaved by our  government which is more concerned with redressing real and imagined past grievances than it is about treating everyone as equals.  </p>
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	<item>
		<title>By: objectivefactsmatter</title>
		<link>http://www.frontpagemag.com/2012/dgreenfield/american-colleges-are-over-205-billion-in-debt-harvard-is-6-billion-in-debt/comment-page-1/#comment-4058890</link>
		<dc:creator><![CDATA[objectivefactsmatter]]></dc:creator>
		<pubDate>Sat, 22 Dec 2012 02:41:58 +0000</pubDate>
		<guid isPermaLink="false">http://frontpagemag.com/?p=169628#comment-4058890</guid>
		<description><![CDATA[&quot;That&#8217;s a fancy way of saying, &#8220;We&#8217;re morons.&#8221;&quot; 
 
That&#8217;s a fancy way of saying, &#8220;We&#8217;re delusional,&quot; thanks to leftist communist indoctrination. The result is more or less the same as if the entire population of liberals were in fact morons, but there is a small distinction to be made there: In theory the delusional fools could wake up some day. ]]></description>
		<content:encoded><![CDATA[<p>&quot;That&rsquo;s a fancy way of saying, &ldquo;We&rsquo;re morons.&rdquo;&quot; </p>
<p>That&rsquo;s a fancy way of saying, &ldquo;We&rsquo;re delusional,&quot; thanks to leftist communist indoctrination. The result is more or less the same as if the entire population of liberals were in fact morons, but there is a small distinction to be made there: In theory the delusional fools could wake up some day. </p>
]]></content:encoded>
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		<title>By: Thomas Wells</title>
		<link>http://www.frontpagemag.com/2012/dgreenfield/american-colleges-are-over-205-billion-in-debt-harvard-is-6-billion-in-debt/comment-page-1/#comment-4058589</link>
		<dc:creator><![CDATA[Thomas Wells]]></dc:creator>
		<pubDate>Sat, 22 Dec 2012 00:43:05 +0000</pubDate>
		<guid isPermaLink="false">http://frontpagemag.com/?p=169628#comment-4058589</guid>
		<description><![CDATA[That what the colleges get for degenerating into Marxist cheerleaders. ]]></description>
		<content:encoded><![CDATA[<p>That what the colleges get for degenerating into Marxist cheerleaders. </p>
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		<title>By: PAthena</title>
		<link>http://www.frontpagemag.com/2012/dgreenfield/american-colleges-are-over-205-billion-in-debt-harvard-is-6-billion-in-debt/comment-page-1/#comment-4058504</link>
		<dc:creator><![CDATA[PAthena]]></dc:creator>
		<pubDate>Sat, 22 Dec 2012 00:14:05 +0000</pubDate>
		<guid isPermaLink="false">http://frontpagemag.com/?p=169628#comment-4058504</guid>
		<description><![CDATA[Alas, the road to hell is paved with good intentions.  President Lyndon Johnson instituted the federal student loan program, so that &quot;no poor student&quot; would not be able to go to college.  The loans are pegged at the tuition of the college or university.  So - the colleges and universities raised their tuition fees astronomically.  When I went to college in 1951, the total cost of tuition, room, and board was $1500.00.  That same college now charges over $60,000.00 a year. ]]></description>
		<content:encoded><![CDATA[<p>Alas, the road to hell is paved with good intentions.  President Lyndon Johnson instituted the federal student loan program, so that &quot;no poor student&quot; would not be able to go to college.  The loans are pegged at the tuition of the college or university.  So &#8211; the colleges and universities raised their tuition fees astronomically.  When I went to college in 1951, the total cost of tuition, room, and board was $1500.00.  That same college now charges over $60,000.00 a year. </p>
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