Bend Over for the Big Government Scam of the Century.
- You get $100,000 in student debt and can’t get a job. The government won’t let you go bankrupt and interest rates keep pushing up the total you owe.
- You become a Modern Serf or Debt Slave to the all-powerful Big Government State.
Welcome to bi-partisan Big Government student loan funded higher education in the People's Republic of California and across the nation.
Big Government policy is screwing families and students with massive tuition increases. Increases that are not market driven, but are effectively funded by the infusion of billions in taxpayer dollars and student loan cash.
These massive tuition increases for students to go deep into student loan debt to stay in school.
When you graduate you have $100,000 in debt — and can’t get a job. And the government won’t let you go bankrupt and be forgiven the loan. Interest rates keep pushing up the total you owe. You’re a slave.
“On Tuesday, Republican and Democratic leaders in the Senate announced they had reached an agreement on a bill to continue subsidizing student loans, keeping interest rates at 3.4 percent rather than letting them rise to 6.8 percent.”
A young student becomes a Modern Serf or wage-slave to his Masters in Government.
It’s a bipartisan scheme to make matters worse for students and better for banks. The banks get money for close to zero interest nowadays, and make 6.8 percent off their student-slaves. The government — us, the taxpayers — subsidizes that down to 3.4 percent for the kids. But that’s still high if you have $100,000 in debt and no job. No wonder banks contribute so heavily to political candidates.
ContributorsBillions in student loans to fund "education" are simply pay-offs the banks, universities and teacher labor unions who fund the campaigns of both parties.
Here are the top contributors to Mitt Romney’s campaign in 2012:
|JPMorgan Chase & Co||$467,089|
|Bank of America||$425,100|
|Credit Suisse Group||$390,360|
|Kirkland & Ellis||$264,302|
And here are the top contributors to President Obama’s campaign in 2008:
|University of California||$1,648,685|
|JPMorgan Chase & Co||$808,799|
|Sidley Austin LLP||$600,290|
And the bi-partisan taxpayer funded scam goes on and on. And the people go deeper in debt to their all-powerful Government Masters. (Cal Watchdog.com)
The New American Serfs.
Through bi-partisan Big Government policy you remain a Serf, a wage-slave to your Masters in Government for a debt you might not be able to pay off in an entire lifetime.