“There are many people out there that have gotten older...payed into both of these programs and are now on the below poverty level and actually starving. I am blasted mad at what was done through these two programs.”
Not only is it these programs, it is the nature of our “money” that causes this. Fractional Reserve Banking requires inflation to work. And an expanding credit bubble. What this results in the is that the worker who tries to save does not REALLY know how MUCH to save, because the money does not have a constant value. It changes over time. What is happening today is the US dollar has been weakened. So, where your plans and those of other thrifty people become unable to do what you need your dollars to do. The dollars are worth-less and don’t go as far as they should have.
And entire generation was told that there were going to be help for them. They were lied too. AND the Powers That Be KNOW THIS.
You should be mad. It is not just you. Look at the college grads who can’t find work and have student loans they have no way to pay back. The need for debt to keep our money system going will make slaves of us all.
Thank you for your reply....my daughter is a good example of a “government loan” for school...she took one out some many years ago..fell onto hard times...then picked up paying it again to the max...but turned out the interst had piled up so high she couldn’t keep up...has been paying a note consistently for ten years and not made a dent...she now has a terminal illness...unable to work..had to file bankruptcy and her home was foreclosed...but the DAMNED loan could not be listed in the bankruptcy. So she is still being held accountable for payment...has little means to pay it...so the interest keeps on building...pretty soon that little student loan will be as large as the national debt and she is unable to get rid of it. That is the logic of our rulers in Washington. They’re all nuts!
I paid off every dime of my student loans. Took me 8 years and going to school every other year, but it got done.
Why should I have to pay because other people were fiscally irresponsible?