Sen. Mike Lee: “If things go wrong the tax payer ends up with the bill” [video]

Lee Questions Federal Debt Programs During Senate Hearing WASHINGTON – Today, Senator Mike Lee (R-UT) issued the following statement after the Joint Economic Committee’s hearing on “The Economic Exposure of Federal Credit Programs.” “From housing, to student loans, to cruise ships, federal credit programs are now one of the fastest growing parts of the federal government with about $3 trillion in loan exposure outstanding,” Lee said. “The American taxpayer is ultimately on the hook for every last dime of this debt and yet not only is there no comprehensive plan to…

The American Bailout Culture

I have been busy toiling away with my work in the real estate business since the legislature ended in March.  Coming home and getting to work is always a healthy reminder why our state has a citizen legislature. It brings value and perspective to state government.  Rather than being cloistered away in a marble palace somewhere, the Utah Legislature comes home to  live with the laws it passes.Unfortunately, Utah does not have much influence over the bailout culture that is seeping into the public psyche.  A recent example brings this trend to…

College: a pretty good deal, if you can get it.

Is college worth it? A new study seems to indicate that college graduation, even with the growing cost of tuition, still returns income far above that of high school educated workers. Further, it isn’t the 1% that is the biggest cause of inequality in America–it’s college. I hate my student loans. I hate them with the heat of a thousand burning stars. Nevertheless, I would be dishonest and disingenuous if I didn’t admit it that it’s a love/hate relationship. Although I worked through college and most of my grad degree to support myself,…