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11 Responses to “Students, Youth, Debt and the 1%”
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This is difficult to disagree with. My wife is deep in debt from school. We are sick of seeing corporate America destroy corporations then receive a ‘golden parachute’ for the destruction which has a domino effect. I have seriously questioned our Capitalist system in this country in recent years. It is still the best way to go, but once these crooks figure out they can vote themselves a raise, or otherwise cheat the system, it’s all over. The Bible is always right… The human heart is desperately wicked.
Actually, people in the Scandinavian countries probably don’t even pay higher taxes, at least not according to Frederic Pryor in The Future of U.S. Capitalism ( http://www.amazon.com/Future-U-S-Capitalism-Frederic-Pryor/dp/0521023963/ref=sr_1_1?ie=UTF8&qid=1356993361&sr=8-1&keywords=The+Future+of+U.S.+Capitalism ). When all the taxes Americans pay (local, state, federal, sales tax, etc.) are combined, they amount to the same or more than most Europeans pay. The difference is in how the tax monies are SPENT. We spend a HUGE portion for defense.
I lived in Denmark for eight years. I did NOT pay more in taxes when I lived there than I do now in the U.S. In fact, I think I paid less. And yes, not only is higher education there free, students DO get an allowance from the government while they are in school (though I suspect there is some sort of time limit to that allowance).
mind opening! Thank you. I don’t see america ever getting fixed, so , i believe that it is up to the private citizen to figure it out on their own…..whether it be jr. college or grants, or financial aide …we have 4 children and although my husband and i are middle class, we do not want our children to graduate with debt. my sister in law came out of grad school with over 100,000 in debt. that is unfathomable.
yes it is and thanks to Congress it is also the only kind of debt that cannot be erased through bankruptcy or forgiven in any other way. It must be repaid.
Great point, here.
Reblogged this on njgarrell.
I live in the UK and currently owe £26,000 for my education. My only comfort is that I will probably never live long enough to pay it off! Thanks for dropping by my blog…peace FatW
Very interesting! Sad but true!,
I couldn’t agree more and have long been frusterated and aggrivated with the whole issue to be honest. It doesn’t stop with just the education either. Trying to get enough of my fellow Americans to agree though to try and stop it and turn things around? Proving to be an increasingly harder challenge.
When will we as a society come together on the understanding that caring about anything else doesn’t do us much good unless we first care about our children? Thanks for posting.
Nice and straight to the point.Good thinking,good job.