The truth is non-partisan

Obama promises student loan relief, but to the wrong group of people.  Public servants, not entrepreneurs.

"In the 21st century, the best anti-poverty program around is a world-class education," Obama said in his first State of the Union speech. "No one should go broke because they chose to go to college."

In his budget request for fiscal 2011 next week, Obama plans to introduce a $10,000 tax credit for families paying for four years of college, and more money for Pell Grants that help low-income students afford college. He also called for growth in an income-based student-loan repayment program the Education Department started in July.

"Let's tell another 1 million students that when they graduate, they will be required to pay only 10 percent of their income on student loans, and all of their debt will be forgiven after 20 years -- and forgiven after 10 years if they choose a career in public service," Obama said.

One can not blame the Obama administration for beginning Federal education programs.  One can blame them for expanding the programs which clearly are unconstitutional. While student loans may benefit students in the short term, in the long term they become a burden.  A wise person would do everything possible to fund education without loans. Forgiving student loans may be noble, but not prudent. It increases federal government expenditures.

It is strange that Obama would propose forgiving student debt after 10 years if the graduate goes into public service. This means teachers, fire fighters,and police.  But it also means state and federal government bureaucrats will receive government forgiveness after 10 years.  Such a measure expands government rather than decreasing its size.  Government is already too big and its expenditures are crippling taxpayers. The falling U.S. dollar caused by funding government from deficits should be a concern for all of us.

One of Obama's promises is more jobs.  New jobs are best created by small business. Not by government.  It's surprising that government servants would get their student loans forgiven after 10 years, but not entrepreneurs.  No promises for doctors, dentists, or business people.