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!!