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Student Loans Are Like STDs (Everyone Is Catching Them)
by Melissa Melton | The Daily Sheeple
Student loan debt is the next big economic sledgehammer that’s about to come down on this country…the next big bubble to burst following the housing bubble.
Consider this. Student loan debt is somewhere upwards of $1.3 Trillion in this country these days — and that’s just the official government loans, not private lenders, etc. The Congressional Budget Office is estimating that’s going to double in the next decade as tuition rises and more people go back and get even more loans, going to grad school in the hope that if they take on even more debt and get another degree, maybe they’ll finally be able to get that magical job where they can afford to live to be debt free one day to match it… a condition known these days as “American Dream Syndrome.”
Yes, the American Dream used to be about owning a nice car and a house with the 2.5 kids and the dog and the picket fence, but these days? Screw that, today’s American Dream just involves people wanting to be able to live in a world where they can breathe a free breath, a world without crushing debt affecting every life decision they make on a daily basis, a place where they won’t have to decide between paying the rent and buying food.
“You mean the generation that paid three times as much for college to enter a job market with triple the unemployment isn’t interested in purchasing the assets of the generation who just blew an enormous housing bubble and kept it from popping through quantitative easing and out-and-out federal support? Curious.” ~ Eric Garland
Philosophers stone – selected views from the boat
http://philosophers-stone.co.uk
Source: http://philosophers-stone.co.uk/wordpress/2015/03/student-loans-are-like-stds-everyone-is-catching-them/
