The Next Big Bailout


To hell with Citigroup... I could careless about Ford... If Barack and Geithner want to stimulate the economy and get people to spend more he needs to alleviate student loan debt.

The average student graduates with an undergraduate degree with about $21,000 in debt. While current Treasury Secretary Henry Paulson recently proposed to bailout the student loan industry, I personally feel the logic makes no sense. By wiping clear the debt that students have would free up billions of dollars for us debt ridden scholars to make big life changing purchases like homes and new cars. And even invest in the ever failing stock market or finally contribute to the endowment of either of my universities.
Personally with my three degrees (I could have done without two of them but that why 18yo shouldn't go to college post is for another day), I am well over $50,000 in debt to U.S. Department of Education. But yet the government will bailout executives who refuse to fly first class because anything beneath private leer jet is beneath them or send out stupid $600 stimulus checks that don't really stimulate anything. If they want to stimulate my economy get rid of my student loans!!

5 comments:

one soulful negro. said...

THANK YOU!!!!!! THANK YOU!!!!!! THANK YOU!!!!!!

i don't think people really understand the depth of what student loans are...they are not a joke...they are heavy and exhausting...


so...

THANK YOU!

bLaQ~n~MiLD said...

You lucky I already went in on somebody about the CEO's and their private jets. I'm exhausted! LoL. You do however make a very good point about the student loan thing. I'm not even gonna get into how much I owe for my one (1) degree and I'm about to go back for another one that's gonna be a doosey! This whole 'bailout' thing tho is extremely dangerous tho. I personally don't agree with any of them but that's another comment for another post...

~Damnit!

houstonmacbro said...

Preach brother, preach! You hit the nail on the head.

The Districtrazzi Blogger said...

And the church said...AMEN. I taught for over 5 years in an underserved school and I was supposed to get my loans forgiven. That never happened so I remain jaded..

I should have listened to my dad and gone to school in-state. Maybe that way I'll only be paying them back for 100 years instead of 200...Double UMPH!

Anonymous said...

All the above pist are funny as heck not as unny as school loan debts. BIG SIGH- Get that monkey off my back.
I am still in denila and it's been like 20 years. LOL