College costs have soared in the past decade, rising much faster than inflation. The result: More students borrow – so much so that cumulative student loan debt now tops $1 trillion, more than Americans owe on credit cards. Some grads pay $700 or more a month. How do they swing it?
The winners of the near-record Mega Millions lottery jackpot may get all the spotlight. But if President Obama and others want to reduce income inequality, they should focus on how lotteries create inequality – with government zeal – by hurting the poor.
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