Jesus and Liz Warren Want to Forgive You
"Jesus and Liz Warren Want to Forgive You."
“Liz Warren wants to forgive the staggering trillion dollar-plus debt that Americans borrowed for college tuition. Isn’t that generous?”
“How did this massive debt accumulation happen, I wonder?” That would be a good place to start.
American students and their parents were made an offer they couldn’t refuse, an offer of easy money and favorable terms, for that most valued of assets, education. So, “Go ahead, and borrow, so your kids can get an education. “Because education is good! Go back to school. Become a lawyer, a historian, or whatever you fancy. That way you too, can make the big money.”
Remember, “Knowledge is good!”
That was the offer. So Americans borrowed, a lot, went deeply into debt—and, not surprisingly, there was no pot of gold at the end of the rainbow for most of these new youthful debtors. Just a big pile of money owed, and not shit to show for it.
There is still one very big problem, however, more than a trillion dollars is still owed to the big banks. And it will have to be paid back, no matter who is responsible for accumulating that debt. Maybe not the students, or their parents, directly, at least, it will be the taxpayers who are on the hook for it, whether they actually borrowed the money or not.
This happened because the big banks, who are subsidized and regulated by Uncle Sam, created a clever mechanism to gently compel you to borrow easy money thru programs like “Sallie Mae.”
"Sallie Mae," is to college tuition, what Fannie Mae, Freddie Mac, and FHA are to housing and mortgages—“Government-backed securities”—which enabled banks and colleges to make out like bandits, thus driving massive debt accumulation, as well as tuition costs ever higher. This scheme limited the financial risk to both the colleges and the banks. Paid for by “You,” Mr and Ms taxpayer.
The exact same thing happened in the housing market, and, for all the same reasons.
In other words, there is no real forgiveness being offered, just redefining who owes the debt. Liz Warren knows this, but she doesn’t think her core constituents do. And, likely, she is right.
Make no mistake, Millennials and their parents will think this a grand idea, which is what Liz is really doing, buying votes, making her greatest ally, Uncle Sam’s unwitting victims, (or is that suckers.) Eventually, this will mean that we all, by necessity, become Uncle Sam’s victims—unwitting or not—as we inch ever closer to true Socialism, while going deeper and deeper into debt as a nation. Debt, high taxes, and the alleged good intentions of politicians will make it a reality.
You’d think with all that education, Millennials and their parents would know better. All you have to do, though, is look at who’s educating them, then you’ll understand why ignorance is bliss. Not for average Americans, or even the students, but for the big banks and politicians, who are blissfully in cahoots with one another. About as in “Cahoots,” as any two groups of thieves can be.
That is Liz Warren, a fake Indian, a fake politician, a wolf in sheep’s clothing.
Nothing More. Nothing less.
Mark Magula
“Liz Warren wants to forgive the staggering trillion dollar-plus debt that Americans borrowed for college tuition. Isn’t that generous?”
“How did this massive debt accumulation happen, I wonder?” That would be a good place to start.
American students and their parents were made an offer they couldn’t refuse, an offer of easy money and favorable terms, for that most valued of assets, education. So, “Go ahead, and borrow, so your kids can get an education. “Because education is good! Go back to school. Become a lawyer, a historian, or whatever you fancy. That way you too, can make the big money.”
Remember, “Knowledge is good!”
That was the offer. So Americans borrowed, a lot, went deeply into debt—and, not surprisingly, there was no pot of gold at the end of the rainbow for most of these new youthful debtors. Just a big pile of money owed, and not shit to show for it.
There is still one very big problem, however, more than a trillion dollars is still owed to the big banks. And it will have to be paid back, no matter who is responsible for accumulating that debt. Maybe not the students, or their parents, directly, at least, it will be the taxpayers who are on the hook for it, whether they actually borrowed the money or not.
This happened because the big banks, who are subsidized and regulated by Uncle Sam, created a clever mechanism to gently compel you to borrow easy money thru programs like “Sallie Mae.”
"Sallie Mae," is to college tuition, what Fannie Mae, Freddie Mac, and FHA are to housing and mortgages—“Government-backed securities”—which enabled banks and colleges to make out like bandits, thus driving massive debt accumulation, as well as tuition costs ever higher. This scheme limited the financial risk to both the colleges and the banks. Paid for by “You,” Mr and Ms taxpayer.
The exact same thing happened in the housing market, and, for all the same reasons.
In other words, there is no real forgiveness being offered, just redefining who owes the debt. Liz Warren knows this, but she doesn’t think her core constituents do. And, likely, she is right.
Make no mistake, Millennials and their parents will think this a grand idea, which is what Liz is really doing, buying votes, making her greatest ally, Uncle Sam’s unwitting victims, (or is that suckers.) Eventually, this will mean that we all, by necessity, become Uncle Sam’s victims—unwitting or not—as we inch ever closer to true Socialism, while going deeper and deeper into debt as a nation. Debt, high taxes, and the alleged good intentions of politicians will make it a reality.
You’d think with all that education, Millennials and their parents would know better. All you have to do, though, is look at who’s educating them, then you’ll understand why ignorance is bliss. Not for average Americans, or even the students, but for the big banks and politicians, who are blissfully in cahoots with one another. About as in “Cahoots,” as any two groups of thieves can be.
That is Liz Warren, a fake Indian, a fake politician, a wolf in sheep’s clothing.
Nothing More. Nothing less.
Mark Magula