Bill Maher: Let's Not Romanticize Socialism The Way Conservatives Romanticize Capitalism

[JDPriestly]

46. Maher has no children in their 40s still repaying student debt.

He doesn't have kids who don't marry because they have to repay student debt at 1990 and 2000 and 2010 something tuition and fees on a 1970s income.

He does not know what he is talking about.

The truth is that much of the housing we have today exists only because the federal government under the FHA or the VA administrations underwrote it and gave in the case of the VA administration, nothing down loans. Back when those loans were available (and I might add funding for veterans' university education was also available to many young people), the economy was booming. We weren't importing such a large portion of our consumer goods. We actually produced them ourselves. (Kids under 35 don't know what that is like. They were still young or not yet alive when NAFTA was signed by Bill Clinton.)

Maher does not apparently realize that the University of California charged some fees but not tuition in the 1960s back when you could actually buy a decent house on a middle class salary even in a city.

Times have changed, but Maher's understanding of our economy, and the understanding of the economy of many wealthy Americans has not.

That's the problem here.