When President Obama endorsed going back to school shortly after he came into office, very few Americans understood what the full ramifications of this would be. Coupled with the fact that under Obama, the government has taken over the Student Loan industry, millions of Americans have become debt slaves to Uncle Sam.
And to deal with the 30% of student loan debtors who are delinquent in their payments, the government has moved towards stricter ways of getting its money back, and this now includes withholding Social Security payments to worthy recipients… see here
Even more troubling, what do we say to our youth when they ask what role they should play in this story — a story with a plot line they didn’t get to write?
So far, the narrative we’re asking them to step into sounds a lot like this:
“Study hard, go to college, maybe graduate school. And when you get out, not only will you be indebted to your education loans and your mortgage, but you’ll be asked to help pay back trillions and trillions of debt to cover the decisions of those who came before you. All while operating within a crumbling, substandard infrastructure. Oh, and by the way, the government and corporate sector appear to have no real interest in your long-term future; you’re on your own there.”
Yeah, I happen to think apathy is a perfectly sane response to that story….
A MUST READ from Blogs at Chris Martenson.
Most Americans don’t realize we have elected a president whom we know very little about.Researchers have discovered that Obama’s autobiographical books are little more than PR stunts, as they have little to do with the actual events of his life. The fact is we know less about President Obama than perhaps any other president in American history and much of this is due to actual efforts to hide his record. This should concern all Americans… via Western Journalism.com.