Chart that should make parents nervous

Phil Izzo at the Wall Street Journal (here) has a chart that should make all parents nervous:

College aid just keeps on ....

I've written before about the increasing cost of college and the increasing contribution of government loans, etc.  Below is an interest graphic from the Wall Street Journal (see here).

And if you want some sense of what all that extra spending and debt means, see this piece (here).

Friedman gets it just about right

I'm not a big fan of the work of Thomas Friedman, but I think he gets it just about right when he says (here);

But we don’t tell Pakistan the truth because it has nukes. We don’t tell the Saudis the truth because we’re addicted to their oil. We don’t tell Bahrain the truth because we need its naval base. We don’t tell Egypt the truth because we’re afraid it will walk from Camp David. We don’t tell Israel the truth because it has votes. And we don’t tell Karzai the truth because Obama is afraid John McCain will call him a wimp.