Monday, September 09, 2013

COTW: Ignorant Debt Slavery

US Person wrote a few days ago of the "deliberate dumming down" of the American populace. He was not being gratuitously insulting, but communicating a startling fact. The cost of a college education in the United States has increased 15 times faster than inflation! Fewer and fewer families can afford to send their children to institutions of higher learning. Those students who borrow to finance their studies are facing larger debts than ever before. Look at the charts from Mother Jones:
Of course paying off debt is getting more difficult as the virtual economy employs fewer people. But thanks to plutocracy tools like former New York Senator Hillary Clinton, who will be running for president in 2016, student debt is generally not dischargeable in bankruptcy. Banks do not care if a young person goes to an early grave in debt because the debt left behind is insured by Uncle Sam. Sweet deal for the top 1% that own the financial institutions. Working your fingers to the bone [green line below] is no longer good enough for our masters. And who needs unruly college kids demonstrating at the drop of a hat? What they want is ignorant debt slaves!