The effects of eradication come down to just one word…
Here’s what it looks like. Per kid.
(don’t alarm the CPI)
This is yet another source of highly flammable fuel that will result in more gasoline when the Fed is called in…
Today in the Land of the Free, everyone is required to pay into the Social Security system, and over 90% of students go to public schools.
With the passage of the Affordable Care Act, the state is exerting its control over your medical care.
And now with a new bill comes the crown jewel of state employment:
Presenting Senate Bill 2726: the Strengthening Forgiveness for Public Servants Act.
If passed, the bill aims to get young people into government employment by promising to forgive their student loan debt.
Could they be any more devious?
It appears student loan based debt serfdom is a major issue in Chile as well as the US, and one activist, known as “Papas Fritas,” decided to take matters into his own hands.
During a takeover at Universidad del Mar, he was able to get his hands on $500 million of student debt, which he subsequently torched.
This is what remains of the debt. A pile of ashes:
37 million Americans currently have outstanding student loans, and the delinquency rate on those student loans has now reached a level never seen before. According to a new report that was just released by the U.S. Department of Education, 11 percent of all student loans are at least 90 days delinquent. That is a brand new record high, and it is almost double the rate of a decade ago. Total student loan debt exceeds a trillion dollars, and it is now the second largest category of consumer debt after home mortgages. The student loan debt bubble has been growing particularly rapidly in recent years. According to the Federal Reserve, the total amount of student loan debt has risen by 275 percent since 2003. That is a staggering figure. Millions upon millions of young college graduates are entering the “real world” only to discover that they are already financially crippled for decades to come by oppressive student loan debt burdens. Large numbers of young people are even putting off buying homes or getting married simply because of student loan debt.
Tuition costs at public universities have risen by 27 percent over the past five years, and there appears to be no end in sight.
So why is this happening?