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College Student Debt

31 Dec

dump the debt

dump the debt (Photo credit: Friends of the Earth International)

Student debt is now so great that much of it may never be paid.  I suspect that the enormity of student debt will make the younger generation only that much more sensitive to the issue of unpayable debts, and predispose them to refuse to pay the National Debt.

Education is important, even crucial.  Over the past 40 years, Americans have shopped (on credit) until we have just about dropped–into a national or even global depression.  Through it all, we’ve neglected to continue to educate ourselves and we’ve certainly failed to provide  adequately for our children’s educations.  There will be a national price to be paid for our educational failure.

I don’t believe the young people will ever be able to repay the national debt that’s been foisted on them by their irresponsible politicians and parents.  In fact, when it comes to making good on the government’s National Debt, I believe the kids ought to tell the gov-co and senior citizens, “Screw you–you made the debt; you enjoyed the “free lunches” purchased with that debt; and now you want us, your children and grandchildren, to spend our lives in debt bondage in order to pay your debts?!  To hell with that!

Even if the younger generations remain willing to repay the National Debt, their ability to do so will largely depend on their educations.  The average student who dropped out at the end of 8th grade is unlikely to ever produce or earn enough to generate sufficient taxes to pay for his parent’s and grandparent’s Social Security, Medicare, ObamaCare, welfare and subsidies. The National Debt is so great that even those who graduate from college may not earn enough to allow them to repay their parents’/grand-parents’ debt.  But with a good education, they might be able to.

In a recent “Educational Olympics” that compared American educations to that of foreign students, American students ranked 25th in math, 17th in science and 14th in reading. By supplying children with a public school education that we should be ashamed of, and then charging exorbitant fees for high school graduates to attend college, America is dumbed down and rendered less productive, more dependent, and ever more certain to default (soon) on the National Debt.

The graphic below illustrates opinion and insight on the subject of charging college students for their education.

This graphic makes sense.  No one likes the idea of higher taxes, but you will either pay higher taxes to provide better educations for our children, or you will pay higher taxes to keep our kids in prisons.  Take your pick.

 

slihouettemanwonderswtf

 
11 Comments

Posted by on December 31, 2012 in Debt, What Can't be Paid

 

Tags: ,

11 responses to “College Student Debt

  1. annagolinska

    December 31, 2012 at 12:55 PM

    What about “Accepted for value”? Can this work for students loans?

     
    • Adask

      December 31, 2012 at 1:02 PM

      Maybe, but I wouldn’t bet on it. What I would bet on is that college students have a very serious incentive to discover how to get out of that college debt. If there is a strategy that will allow college kids to nullify their student debt, they’ll find it. And when they do, they’ll apply it to the National Debt as well.

       
      • Yartap

        January 3, 2013 at 6:17 PM

        Al,

        I respectfully disagree, later on, a new political savior will show up and forgive the debts to keep the tribe at ease when the time comes for the need. Another, government to the rescue.

         
  2. owlmon

    December 31, 2012 at 1:03 PM

    A loan that the banks call loans is simply an exchange of notes and the students have been defrauded by signing the doc that was used to create the funds as we have no gold backing the buck as of the 1933 receivership…Loans are banks committing fraud!! The signature creates the instrument that forms the funds….A loan is not an exchange..What the banks perform are exchanges…..not loans!!! .Who is so brilliant that they forgot to tell you that? Do a little research before you post deceptive and misleading posts…Bankers are fraudsters raping this land….

     
  3. mikeck44Nike

    December 31, 2012 at 2:13 PM

    “An educated population equals a strong, stable state…” Wow, is that a hidden reason to be thankful for all those who reside here that are not educated/indoctrinated.

    Mike

     
  4. Jim

    December 31, 2012 at 8:40 PM

    Perhaps a class action lawsuit against the United States in this debt web.

     
  5. Jim

    January 1, 2013 at 12:01 AM

    It would be great if the students would say enough of the debt and immorality and invoke the Creators intervention.

     
  6. 1st trustee

    January 2, 2013 at 9:16 AM

    The subject of education is a very interesting one. Having gone through that system then self educating myself ever since I left the institution, I’d have to say the belief that someone else can educate an individual and give them all the information needed to benefit is somewhat asinine.

    If education is accepted to be a business first and foremost, then it becomes easier to understand. The belief that “the system” is going to get better is insane. In America, in order to keep the status quo, the citizens must be kept at certain educational level. This is evidenced by the gross lack of thinking skills in the general public.

    College students happen to be at an age where they have a sophomoric understanding of life. Combined with a lack of financial education and the current individualistic/materialistic public mentality and you have a perfect formula for mass debt which is bad? Cui Mala?

     
    • Yartap

      January 3, 2013 at 6:24 PM

      1st trustee,

      I agree!

      If Congress does not even possess the financial knowledge needed to understand usury and debt, how will the public possess the knowledge needed?

       
  7. David Merrill

    January 2, 2013 at 10:16 AM

    ” I suspect that the enormity of student debt will make the younger generation only that much more sensitive to the issue of unpayable debts, and predispose them to refuse to pay the National Debt.”

    Check out this interview:

    https://docs.google.com/file/d/0B1EaV_bU7VImdFlmMC1zWkg5THM/edit

     
  8. Chet Plume

    January 5, 2013 at 8:25 AM

    I negotiated my student loan debt down to 16k from an unbelievable 120k. The principle was 35k. This took years of hassle, but in the end they took the deal. This debt was over ten years in default. I think they knew that I would win in court as the trade school was a sham and I was lied to in the process. Lesson learned. I now know the danger of their helping hand.

     

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