GOPers count on Americans generally being uninformed to hoodwink them into outrage over spending when in fact “raising the debt ceiling” is done in order to pay for things that have already been “bought,” so to speak. This necessity of governance was always done without fanfare and handwringing in every Administration, GOP and Democratic, up until the Obama Administration, where the GOP has used it to hold the nation hostage.
As Destroy the GOP says all the time, “Occupy a voting booth!”
Current balance, $175,000. Original Principle was $120,000. Administered by Sallie Mae and National Collegiate Trust (American Education Services) I imagine in the next few years it will be a quarter million.
I’ve never been able to touch the principle since i started paying. I struggled finding…
Want to stay technologically innovative? Want a vibrant, adaptive economy full of workers unafraid to start businesses & explore their full potential? Free college. Hell, go one step further & pay students to study.
[Incomplete list; Germany also has extensive free college education, for example.]
“The estimated student loan balance in the third quarter last year was $870 billion, which increased 2.1% from the previous quarter and is more than both Americans’ total credit card balance ($693 billion) and auto loan balance ($730 billion). About $580 billion of the total is owed by Americans who are younger than 40. The average balance sits at $23,300.”
“But maybe the most shocking statistic the New York Fed reported was that almost half of student loan borrowers are either deferring their student loan payments or are in forbearance. Almost 18% of borrowers had the same balance they had in the previous quarter, and 29% saw their overall balance increase thanks to either added student loans or accruing interest on the balance.”
Debt is not real. The concept of debt doesn’t really exist in the workings of the universe, because the fundamental laws are based on the idea of conservation and balance. Laws of conservation indicate that in an interaction, there is nothing “left over” — All parts and changes in the system are…
Yes! And money is an social construct as well. I saw something fly by one day that, roughly recalled, said ” If you can’t eat it, wear it, sleep under it, sleep on it, or be cured by it… it’s not WEALTH.” To those who say, “Well, money gets you those things!” has missed the point. Money doesn’t actually GET you those things… it KEEPS you from those things.