Posted on 03/29/2011 9:46:30 PM PDT by TheDingoAteMyBaby
It all comes down to motivation and hard work. A friend of mine is a nurse. He doesn't look anything like the stereotype of one. A side hobby of his is working on old cars. He made his own parts in his home garage, then when other friends wanted parts, he rented space in a corner of a machine-shop. His business grew over the last ten years as he expanded and hired others and leased his own building. It is now his full-time job, making custom metal components for old cars.
Having a degree is nice, but there are cheaper ways of obtaining one than going into deep debt. Meanwhile, you can still make a decent living with or without one (by living within your means).
Realistically, what kinds of jobs are available to 18-year-olds that will support the cost of independent living?
Our daughter has a best friend from WI, and her parents started a business that manufactured reloading equipment. They weren’t really big, until zero got elected. They went from a handful of employees to over 100. They’ve had to expand their facility three times since 2008. They used to ship the day an order came in, but now have a 2 - 3 week wait time to fill the orders. Their daughter quit a $65K job in CA to help with the business.
My wife has a good friend whose husband has run a gun magazine manufacturing business for years. He has a similar story. His business can’t keep up with orders. Some of his magazines are also used by the military as well. Got to say one thing, obummer has helped anyone who has a firearms related business.
That is our financial economy. Or in a older term, now our political economy.
It is what this nation does. And will do more.
In Japan they have multi generation home loans. Your kids, even if they are now, say, two and three, are contracted to pay off your home loan.
Slaving, serfdom, indenturing is the economy. We live in the big plantation. Instead of being chained to a post, or in a mine, your are in exchange for higher return allowed to roam around and find a best fit, tax maximization occupation.
Every year the screws are tighten, each generation accustomed to every more control, and extraction. From the smallest incorporated town, to Fedgov, each where and when they can, tighten. Just this years federal borrowing, rounds out to near $15,000/per family. ( about 100 mil families ). Next year, $20,000, added to this years 15k and last years 15k. So, since the Bush/Obama borrowing, $50,000, in just these three years have been chained to families and their lives. These government forced elite borrowing may well go on for a decade, leaving each family with $150-$200K. Not including past debts, and entitlements.
Reality will break the proudest. Americans are pretty much addicted to suckling the state tit, and trading their bodies for cash.
Then they aren’t Americans anymore, they aren’t free.
That’s what government schools are for, mentally manufacturing the unfree. State bleach poured on young minds.
Being a homeschooler, I couldn’t agree more.
Americans HAVE become the socialists the public school advocates wanted. It is preciously what they mean when they say, “What about socialization”? It was always meant in a political sense, not how to get along with others.
Wicked cool.
Doubt that. Must be something lost in the translation. That could only happen when the parties file fed taxes jointly. As in a married couple. Even then the “Injured Party” can file a form to get their portion of the return.
All schools have a big incentive to "sign up" students. Even public high schools fight to keep kids from going to private. I've seen it first hand.
Also have a nephew who worked in "financial aid" at a state college. He quit because of the pressure to write as many loans as possible regardless of viability. Last straw was when he got in trouble for informing a felon his desire for a school loan for law enforcement classes was a waste of money since he'd was ineligible for that line of work.
I don’t see how a seventeen year old files jointly with a mom.
Since I don’t remember the Freepers name, there is not much else to say.
I do not doubt that people who are not currently experiencing this, will want to believe it. But I have come across different Freepers who have had this experience, in different ways. I don’t doubt them.
Time will tell the issue. ;)
Unfortunately there’s no shortage of inaccurate info being posted here.
Bottom line. Fed school loans in default draw flags at the IRS and any tax return for that former student gets seized.
What would be interesting to know is if social security payments would likewise be seized. I have never heard of it happening.
IPhone post.
I meant the top 100 HS’s not the top 100 HS Students... And I would bet there are a fair number of thise kids who don’t go onto college.
MY HS was just over the 100 mark in NYS and we only send 93% of my class to colleges..
If the eyes were more slanted, that could be a grey alien.
That is absolutely false. There is no debt whatsoever that can be legally passed on to offspring. Once you’re dead, and your estate depleted, it’s done.
The government NOW OWNS ALL student loans.
And you trust them, why?
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