“Most of today’s college grads won’t be able to retire until 73 due to high debt load —12 years later than the current average retirement age,” reports NerdWallet which produced the graphic. “Given a life expectancy of 84, grads will only have 11 years to enjoy retirement.”
Taxes collected since shut down …
So how is this default? It only takes around $20 billion to service the debt … The total is about $220 billion in taxes per month … What default???
So it was all for nothing …
Back on Sept 27 2013 — Obama says …::: No negotiation, Unless I get my way …
This time, President Barack Obama says, he’s not budging. This is the confrontational Obama, the “Make my day” president, betting Republicans blink to avoid a government shutdown or a first-ever default of the nation’s debts.
It’s a proposition not without risk and one with a history of last-minute accommodations on both sides. Brinkmanship between Obama and congressional Republicans has often stopped at the precipice’s edge.
Only a fool, our an idiot would believe that…
It could be worse, but how…::: Poll: Americans Oppose Raising the Debt Ceiling Even If U.S. Defaults and Say Government Wastes 60 Cents of Every Tax Dollar
With the federal government expected to hit its debt limit in mid-October, 70 percent of Americans oppose raising the debt ceiling, the latest Reason-Rupe poll finds. In fact, 55 percent of Americans say they do not support raising the debt ceiling even if it causes the U.S. to default on its debt.
Of student loan debt …
Notice anything about this chart of student loan debt owed to the Federal government? Direct Federal loans to students have exploded higher, from $93 billion in 2007 to $560 billion in early 2013. This gargantuan sum exceeds the gross domestic product (GDP) of entire nations—for example, Sweden ($538 billion) and Iran ($521 billion). Non-Federal student loans total another $500 billion, bringing the total to over $1 trillion.
Does this look remotely sustainable? Does it look remotely healthy for students, society, taxpayers now on the hook for a half-trillion dollars in potential defaults or the U.S. economy?
Free money, not so free.
Our manipulated world …
Where are they hiding the expenses : MYSTERY: Nation’s Debt Unchanged – for 87th Straight Day?!
How do you do this, unless you have the Fed ( money printing ) helping you to disguise the truth. How do you print in the dark?
Colleges for the most part teach useless stuff. things normal people will nevr use.
With the hefty price tag on colleges only rising, prospective students should evaluate whether or not higher education is worth the student loan debt.
Is college for everyone? That’s pretty much the conventional wisdom today, but I don’t think so. And, in fact, for some people, it may be actively damaging. In deciding whether to take on debt– and give up years of their lives — in exchange for a college degree, applicants need to think more about potential downsides. And alternatives.
The message is to think about what you are paying for and how it will benefit you in the future … It’s a hamburger flipper part time economy out there. Not good what we have allowed to happen to our country.
I would say your search for an education start with the sciences, engineering, and then the rest form there. If you don’t have an engineering focus, then you might want to take a pass and just go for a career working at what you like.
COLLEGE IS WAY OVER SOLD FOR MOST PEOPLE…
It’s not just inflation that is theft. It is painfully self-evident that our financial system doesn’t just enable theft, it is theft by nature and design. If you doubt this, please follow along.
Inflation is theft, but we accept inflation because we’ve been persuaded it benefits us. Here’s the basic story: our financial system creates new credit money (i.e. debt) in quantities that are only limited by the appetites of borrowers and the value of assets they buy with freshly borrowed money.
If this expansion of credit money exceeds the actual growth rate of the real economy, inflation results.Since our economy is ultimately based on expanding debt in every sector (government, corporations, households), inflation is a good thing because it enables borrowers to pay back old debt with cheaper money.