Eric Cantor: The Bernie Madoff of College Savings
  1. What's up with 529s college savings?
  2. Instead of one month for enrollment,
  3. now it is year-round with ugly little kids on TV all the time.
  4. Who pays for the ads? The fund or taxpayers? How much annually? Can college cost less when you add intervening bureaucracy and expensive advertisement?
  5. Do the math. Like Social Security, the similiar Virginia state pension fund is requiring higher worker pay-ins with lesser benefits because of slow growing investments.
  6. Is the Virginia 529 better managed than the state pension fund? No.
  7. Eric Cantor initiated the 529 college savings in Virginia.
  8. And, he put his wife in charge of it. The nepotism of wyfotism.
  9. Why did she resigned just before the 2007 financial crisis?
  10. A non-partisan investigation would show the Virginia 529 for what it is, a Ponzi scheme that funds rich kids going to college at prices of 20 years ago.
  11. Of course, middle-class kids have to pay higher tuition costs to make up the tax-advantaged subsidies for rich kids.
  12. Eric Cantor is the Bernie Madoff of College Savings and the Gringe who stole low-cost tuitions.
  13. Like all Republicans, Cantor says one thing while doing another.