The student debt continues to pile up
From our good friend Tim Iacono we get some more info on the massive amounts of student debt piling up.
I was very fortunate to have sports (golf and tennis) pay my way through University however I did have many friends could not have gone to post-secondary school without student loans. These loans are valuable to many people but the fact is there are drastically more post-secondary degrees earned each year than there are high paying jobs. As Tim outlines below the student debt has grown to over 40% of the total government assets. Unless we start creating more high paying jobs the fear is that these University graduates will never have the chance to pay these debts off…
Click here to visit Tim’s website and read more great posts.
The Student Loan Hockey Sticks
Via this Bloomberg story on Friday by Noah Smith come the two charts below that help to explain why the nation’s student loan mess (that continues to slowly spiral out of control despite pleas from indebted students) will not likely see any substantive reform efforts.
Granted, the lower chart is a bit misleading because it doesn’t include Federal Reserve assets (another even more impressive hockey stick) or land owned by the federal government. Nonetheless, this is the sort of thing where it is sure to end very badly and whoever touches it between now and then is likely to be blamed for that outcome.
One detail, they have to make it home alive. One major war soon after they join can cause a major impact on their education.
Here’s something that will make you want to gouge your eyeballs out with a grapefruit spoon….
Hillary Clinton crushes Republican rivals in new poll
http://www.marketwatch.com/story/hillary-clinton-crushes-republican-rivals-in-new-poll-2015-04-20
I can’t image Shillary winning. But what do I know? I didn’t think Obammie would win back in ’08. Although I didn’t think Romney had a chance in ’12.
Anyhoo, except for Rand Paul and maybe Christie all the Republicans are awful, too. And Paul and Christie don’t have a chance, anyway.
Can you imagine those two grifters (as Jeff Deist calls them) back in the White House? It’s just like that song, “Moon Rivers……”
Two grifters out to screw the country…there’s such a lot of country to screw…
Or some such.
And here’s another move in the war on cash…
In my opinion parents and kids dont need to take on debt to get educated. Kids should look to joining navy , air f9rce or coast guard . Then they can get 4 years worth of college GI bill money, after serving at least 4 years active duty. If you sign up for 5 years of act5ive duty, you can be sent to a course to learn lab tecnician or another medical trade on uncle sams time. good luck to all S