student loans
Amercia, Where You Are Free to Take On Crushing Lifelong Debt
Wonketteers are all latte-drinking Prius-driving libruls, so they are all probably avid New York Times readers who are very familiar with the Times’ ongoing series on income inequality, “The Great Divide.” But just in case! Today’s installment is a cheery essay by Joseph Stiglitz, titled “Student Debt and the Crushing of the American Dream.” Doesn’t [...]
Romney to Student: He Will Give Her All The Jobs She Could Want
About a month ago, we informed you that someone had decided to do something about the one trillion dollar loan bubble (student, not mortgage), and by “do something” we meant “commission a report” with all kinds of recommendations that no one (except for maybe a couple bleeding heart liberals) did anything about. So here we [...]
Wall Street Journal: Why Is Obama Siding With College Students Against These Poor Banks?
Yesterday, we learned a lot of fun facts about the one trillion dollar student loan bubble! Like the fact that student loans (unlike any other unsecured line of credit) cannot be discharged in bankruptcy, so the debt will never, ever go away, not even if you die, and that banks will even garnish your social [...]
Student Loan Bubble Reaches Around 1 Trillion, So What Who Cares
Oh LOOK someone has decided to do something about the gigantic loan bubble (student, not housing) in the form of commissioning a report from the Consumer Protection Bureau, and YAY Senator Dick Durbin (D-Ill) has gone ahead and followed the recommendations of the report, introducing not one, but TWO bills on private student loans! TWO! [...]
Mitt Romney: Students Should Get ‘As Much Education As They Can Afford’
Truly shocking, Mitt Romney has moved on from chastising America for copying him to more important things, like the fact that education is expensive for a reason: so that only people who can afford it are permitted to get it. So true! While in Virginia on Friday, Romney said that while America may be “the [...]
America’s Poor Beg Congress: ‘Please Forgive Our Debt, Sirs!’
The “new thing” in America is being desperately poor, until an audience of Tea Party sociopaths maniacally cheers your death outside the razor-wire fence of the hospital. But some of these uppity poors are so desperate that they’ve politely begged the rich monsters of Congress to forgive their many debts. HR 365 was introduced today, [...]
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