Saturday, September 11, 2010

Student loan debt now surpasses credit card debt in the US

[mEDITate-OR:
not see that we're another day older and deeper in debt...
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loans
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JGBHimself
Sept-10 @ 1:46 PM
This article appears in the LSU student newspaper a couple of days ago with a great pie chart too. But, what is does is show U.S. that while "They" may have cut YOUR taxes, they forced you, your kids and your grandkids to mortgage themselves up to the hilt, to get an education.
From the GI Bill after WW2 and Korea making it possible for all those now about to retire on SS to go to college or trade schools free, and afford to buy their first homes, we are now down to this GD mess.
When those war vets came back & got their degrees, they owed no one anything. Today, even the Gulf vets benefits, while having been improved, do not cover most educational costs. And, those without GI benefits will get of out school with debts and monthly payments almost equal to the mortgage on a starter home. And, there are no jobs for them.
"They" tell U.S. that they cut our taxes. What they forgot to tell U.S. was that they would take it all back, and more, from U.S. as increased educational and medical care cost that we have to pay out of pocket, or borrow.

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Student loan debt now surpasses credit card debt in the US
http://www.lsureveille.com/mobile/news/student-loan-debt-now-surpasses-credit-card-debt-in-the-us-1.2321476
and
http://www.azcentral.com/business/consumer/articles/2010/09/10/20100910student-loan-debt-exceeds-credit-card-debt.html#ixzz0zA68yR4T
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