Who is the cause of this storm?  The universities and the government.  They keep working in tandem by allowing the universities to raise the cost of college because they know the government with give  you a loan.  The universities do not need to raise the price of college because it doesn’t take that much to run the college. The amount of support the colleges receives on their own is more than enough to run the colleges.  With all of the money received, the universities have made these colleges into resorts for the liberal professors not the student.

All of you know about tenure – that is when these college professors can’t be fired.  We have got to get the colleges out of the politics and  back to being places of learning.  If you look back each year in the past 20 years,  colleges have raised their tuition.  Now they are making the citizens of this country pay but let illegals come in free of tuition.  We have got to get them back on the right track.

In fact, they are not even a place of teaching and learning.  People are graduating from college and really know nothing – nothing – just a paper diploma.  They can’t even pass a test to become employed.  Most of them cannot pass an equivalency of a fourth grade education.

A generational storm Is coming!

Today’s young graduates are not only the most heavily indebted in history, but also the least likely to be able to pay their debts.  Median wages have been going down since these graduates were about five years old and so have economic growth rates.  Today, the following is the speech no one wants us to give.  It is called heirs to claptrap!  You are heirs to claptrap, nonsense, bogus theories, and trillions of dollars in debt.  The systems, programs, and institutions your government set up are mostly worthless scams. Worse, they produce outcomes contrary to their stated goals.

Healthcare programs do not make them healthy; they make them dependent on the drug industry.  Defense industry spending doesn’t make us safer; it funds drones, bumbling interventions, and assassinations, and it creates more foreign enemies.  We end up not only poorer, but also less secure.

All of those assertions take more time to explain and prove than we have time for now. But here’s a little example that you will appreciate.  Twenty-five (25) Years of Poverty!  Under President Johnson, the government set up the Federal Direct Student Loan Program to provide “low-interest loans” (back then, “low” meant 8%) to students.  Private lenders make the loans, but they received the full backing of the federal government.

The idea was to help you afford higher education and earn larger salaries as a result.   And with your increased earnings you were supposed to be able to pay off the loan.  But at over 11% of outstanding debt, the Student Loan Program now has the highest delinquency rate of all forms of household debt (mortgage loans, auto loans, and credit cards).

And it will probably go much higher – as students take on more debt.  Total outstanding student debt is expected to bubble up to $3.3 trillion by 2025.

For years people shook their heads and roll their eyes when he predicted that debt would ruin America.  Until 2008,  it was confirmed everything that has been said for the past 20 years is true. Today they’re rolling their eyes and shaking their heads again.  And here’s what is being predicted.

What do you do if you can’t pay?  Well, the feds have a solution for you. The trouble is, it turns you into the very thing the program was meant to avoid.  Here’s how it works.As long as your income is low, you are allowed to make small token payments every month. Keep this up for 300 payments and your debt is considered satisfied, no matter how little you paid.  In other words, the Student Loan Program encourages you to live in poverty for a quarter of a century to get rid of your student debt.

Most likely, this will be easy for you to do anyway.  First, because most college degrees do little to make you more valuable to employers.  Second, because the government rigging of the economy will make it difficult to make any financial progress anyway.

The median household income – after you account for inflation – has been falling since the late 1990s. And good jobs are hard to get. There are fewer “breadwinner” jobs today in America than there were in 1999.  And you can forget about starting your own business. The rate of new start-ups is collapsing. (The U.S. ranks 46th on the World Bank’s list of the easiest countries in which to start a business.)

You are the future. You are the competition. You are the ones who should want to shake things up and tear down the walls of bureaucracy, taxes, paperwork, and regulation that make it so difficult for you to start new businesses, get good jobs and build real wealth.

Now it is time for your voice to be heard because  you will have to step up to the plate.

kommonsentsjane

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