Unpaid student loans top $1 trillion

Politco ^ | 10/19/2011 | TIM MAK

[semantic]

My portfolio investments will never decline as long as the majority of people think/act/vote the way you just expressed.

Carry on, oh useful idiot. I shouldn't really try to explain how the system works, since it might tip off others as to how to profit from the current situation. But I am confident that they are as clueless as you, so I'll give you a very small piece of advice:

The 1% put this system into play - it's called debt slavery. They directed their bought & paid for politicos to craft the legislation we have today. Specifically, laws that enabled private actors to leverage deposits that were covered by public guarantees.

Student debt is merely one facet of the entire program. But don't take any time to understand the issues - it's far, far too convenient to mouth mindless slogans and other typical responses that ensure that the status quo will never be challenged.

And that's a good thing - at least for me. For you and other dupes, your struggles are only just beginning. Maybe some day you'll wake up and realize how all levels of government essentially committed treason and violated the public trust in service of their masters.

[Blue Ink]

Trying to figure out how we got here — how everyone’s, not just government’s, economic and moral thinking was so utterly corrupted in the last twenty-five years — hardly makes me a “useful idiot” or a “dupe.” Unless we can figure out how and why it happened, we can’t right the ship.

And speaking of semantics, you didn’t offer “advice” in that paragraph. You simply stated circumstances we all know to be true. So what’s your advice, really?

[TheOldLady]

Click the Pic             Thank you, JoeProBono

Gary Accepts Help from a Friend
Rushing from Job to Job

Follow the Exciting Adventures of Gary the Snail!

Abolish FReepathons
Go Monthly

If every FReeper and Lurker gave just $7 a month
We could end the FReepathons

[airborne]

Your post was a typical liberal response.

If you don't have it deleted, it will remain there as proof for all to see.

And spinning it now doesn't change your post # 31.

As I believe future posts will confirm.

[airborne]

Good luck with your portfolio! Since you posted to my comment at post # 32, I suppose your comments were directed at me.

Can't say as I care - I'm prepared for the coming collapse.

I hope your portfolio includes stockpiles of precious metals and nonperishables.

[Blue Ink]

“Spin?” “Liberal?”

Everything I said in Post 31 is true. There is a “buy everything on credit” mentality in this country. It isn’t limited to eighteen-year-olds with college loans.

There is no more conservative position than you should pay for what you buy.

What’s liberal about that? And what’s the spin?

[Dusty Road]

while pursuing her Bachelor’s Degree in Minority Women’s Studies.

---

I put my wife through school to get her RN degree while working morning tower on a drilling rig and clearing fence lines during the day. Then I went back to school to get my degree in petroleum engineering which took me 6 years to complete due to working full time. We never borrowed a penny. We choose these degrees because we knew there was a market for them, unlike some of the trash they produce or accept now that are nothing more than a piece of paper.

[hal ogen]

Maybe the professors who “work” about 7 months each year, teach a class or two (with graduate assistants help), take every seventh year off with 1/2 pay, have TIAA/CREF investments added to their salary at 20-30% of their salary and make 150,000-300,000 per year salary could front the students some cash? These professors are the coddled class in every community.

[Pigsley]

This sounds unbelievable...that a young woman could be this stupid! I do, however, believe you. Nothing shocks me anymore.

I would love to read the article that came with the pic. Do you recall the link? I particularly like to read the comments from the libs. They truly are hysterical.

You mention that the parents have to sign the loan? I didn’t know this...I DO understand that the student taking the loan out is obligated forever (no discharge under bankruptcy)....but if what you say is correct...Then the feds can garnish the PARENTS wage/tax returns?

Looks like another bubble is about to burst.

I see dire times ahead. Greece is going to set this crap storm off and then it’s going to be a house of cards. I’m guessing before the holidays.

Hold on everybody...It’s going to be a bumpy ride. We have been blessed to live in a rare, safe and bountiful country. Lots don’t understand how lucky we have been and how quickly it can end.