Austerity for Dummies Part 2 – An Illustration of Student Debt – FYI @George_Osborne @David_Cameron

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Imagine there is a job vacancy and ten people apply for it. One person gets the job and the other nine people do not get the job, but the remaining nine are no worse off.

Now, send all ten people to university, and once they graduate, get them apply for the same job vacancy. Like before, one person gets the job and the other nine people do not get the job. But this time, all ten of them have debt.

Simples!

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