Ben Bernanke laughs at the high cost of college

The Fed Chairman turned late-night comic delivered Princeton’s commencement address today. And the laugh lines were … interesting.

Bernanke kidded the graduates’ parents about the financial strains of children to Princeton. He said someone who had sent three children to the Ivy League school once told him that financially, it was like “buying a new Cadillac every year and then driving it off a cliff.”

A Princeton education – no residual value!

But you probably already knew that.

On the other hand, mom and dad still expect you to get a job. Sorry, but you can’t vote for Obama again no matter how much free stuff you think you’re entitled to.