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wsws.org...
The two pillars of the much-touted “American Dream”―home ownership and a college education―have become the means by which the financial aristocracy is plundering both the present and future resources of the working class.
The problem is escalating. In June of this year, US student loan debt
exceeded credit card debt for the first time. Now totaling nearly $850 billion,
student loan debt is growing at the rate of $90 billion a year. [1]
Student debt is not just consumer debt. It is the most onerous kind
of consumer debt because student borrowers do not receive standard consumer
protections. Their loans are undischargable in bankruptcy, usurious penalties
are legal, and there is no statute of limitations...
The industry is legally able to garnishee wages, tax returns and Social Security
and disability payments without so much as a court order...
=====
Originally posted by St Udio
the present outrageously costly system concerning higher education/training is the single
most detrimental hurdle the youth in the G20 nations face.... they are collectively roped in
and hog-tied from the git-go by the system thats now in place.
this article addresses the problem better than I can----
wsws.org...
The two pillars of the much-touted “American Dream”―home ownership and a college education―have become the means by which the financial aristocracy is plundering both the present and future resources of the working class.
The problem is escalating. In June of this year, US student loan debt
exceeded credit card debt for the first time. Now totaling nearly $850 billion,
student loan debt is growing at the rate of $90 billion a year. [1]
Student debt is not just consumer debt. It is the most onerous kind
of consumer debt because student borrowers do not receive standard consumer
protections. Their loans are undischargable in bankruptcy, usurious penalties
are legal, and there is no statute of limitations...
The industry is legally able to garnishee wages, tax returns and Social Security
and disability payments without so much as a court order...
=====
read the 1 page article for the depth it contains...
remodel this factor and many other problems & constraints that affect the next
generations of workers, executives, legislators , judges, professionals, leaders...
could be resolved without an armed resistance by the massesedit on 11-12-2010 by St Udio because: (no reason given)
Originally posted by JesusChristSr
Originally posted by W3RLIED2
reply to post by asperetty
$8,073,383,400 per year, estimated total savings.
Big business does these types of cuts all the time, just like they are doing right now America!
If Congresspersons were required to serve 20, 25 or 30 years (like everyone else) in order to collect retirement benefits there is no telling how much we would save. Now they get full retirement after serving only ONE term. Which is a load of Bravo Sierra.
You can check my numbers. I believe they are accurate though.
Nice, you managed to save just over 8 billion dollars. We can buy everyone in America dinner at Applebee's with all that money. I don't think you comprehend how minuscule this amount is in regards to government spending. If you think that dismantling the entire balance system our county was founded upon is worth 8 billion per year then you are either very young and naive or very dumb and dangerous. Which one is it?
edit on 11-12-2010 by JesusChristSr because: (no reason given)edit on 11-12-2010 by JesusChristSr because: (no reason given)
Originally posted by W3RLIED2
Once there is a group of strong minds that can form an alliance with each other, then we can start planning a real American Protest. These things must happen, or we will all be indentured servants, and our children will have no hopes of understanding the feeling of living FREE.
The GOALS of action taken against our government should fall along these lines as follows.
Reduce the House of Representatives from the current 435 members to 218 members and Senate members from 100 to 50 (one per State). Also reduce remaining staff by 25%.
Do this over the next 8 years. 2 elections, 2 votes.
Get the Fed, as well as the new Fed, whose name is Goldman-Sachs, completely removed from power. This will also include any other government officials who have corporate connection that has the ability to influence our government behind the public's back.
Under no circumstances can the judicial branch of government over rule a democratic vote on new legislation, new propositions, or any other circumstances that such a vote may be held by the government AT THE FEDERAL LEVEL. States should always have the rights to govern themselves without Federal interference
Originally posted by W3RLIED2
Under no circumstances can the judicial branch of government over rule a democratic vote on new legislation, new propositions, or any other circumstances that such a vote may be held by the government AT THE FEDERAL LEVEL. States should always have the rights to govern themselves without Federal interference