THE PEOPLE'S REPUBLIC OF CALIFORNIA - This site is dedicated to exposing the continuing Marxist Revolution in California and the all around massive stupidity of Socialists, Luddites, Communists, Fellow Travelers and of Liberalism in all of its ugly forms.

"It was a splendid population - for all the slow, sleepy, sluggish-brained sloths stayed at home - you never find that sort of people among pioneers - you cannot build pioneers out of that sort of material. It was that population that gave to California a name for getting up astounding enterprises and rushing them through with a magnificent dash and daring and a recklessness of cost or consequences, which she bears unto this day - and when she projects a new surprise the grave world smiles as usual and says, "Well, that is California all over."

- - - - Mark Twain (Roughing It)

Monday, July 9, 2012

Student Debt - The New American Slavery

The Insanity of Big Government.
Endless student taxpayer funded loans allow the costs of college to go through the roof while lining the pockets of universities and banks.  Instead of market forces making choices, government funding allows degrees to be issued for careers that either do not exist or helps create a huge oversupply of graduates in a field. 

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.


Billions 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:
Goldman Sachs$593,080
JPMorgan Chase & Co$467,089
Bank of America$425,100
Morgan Stanley$399,850
Credit Suisse Group$390,360
Citigroup Inc$312,800
Kirkland & Ellis$264,302
Wells Fargo$237,550
Banks, banks, banks.

And here are the top contributors to President Obama’s campaign in 2008:
University of California$1,648,685
Goldman Sachs$1,013,091
Harvard University$878,164
Microsoft Corp$852,167
Google Inc$814,540
JPMorgan Chase & Co$808,799
Citigroup Inc$736,771
Time Warner$624,618
Sidley Austin LLP$600,290
Banks and universities.

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.

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