They haven’t even scratched the surface of student loan sob stories.
Remember we’re in at least our 7th year of non-stop home mortgage sob stories.
Not to mention health insurance sob stories.
If we could tax sob stories $1 each we’d have bazillions of dollars!
I worked with one gal, who was talked into getting two bachelor degrees over a six-year period, and owed around $70,000 by the end of the episode in the early-90s. She got behind in the early stages and by 2007....owed near $120,000. In 2013 when I last chatted with her....she had finally got it down to $50,000. But she’s almost forty...never owned a home....and her 401k deal is about half of what it ought to be at this age.
I feel sorry for her, but the naive nature of economics really bother me. She had no sense about loans, or how deep you could get. I worked with a second gal, who had zero college loans....but instead had $60k in credit card debt. She was trying hard to put down $1,000 a month, which I felt was an outragious amount, but it was the only way over five years to really take apart this whole problem, and she was pushing forty-five with a marginal 401k package for retirement.
Seven deadly sins:
1. Pride
2. Greed
3. Anger
4. Lust
5. Envy
6. Gluttony
7. Sloth
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7. If people worked they would have money. That takes care of SLOTH.
1. Then they took a job they were QUALIFIED for, instead of one that paid more, but they couldn't do, they would have success. That takes care of PRIDE.
5. If they focused on what is important in life, they wouldn't have so much ENVY. Important: GOD, family, friends and "love thy neighbor."
3. and 4. People can always FEEL or THINK of 4. LUST and 3. ANGER, but they don't have to act on them.
6. GLUTTONY: that will lead people to have to PAY for Weight Watchers. THAT means eating less and better and moving more...which are the lessons that we should have learned by the time we were 25 years old, when the human body "officially" stops growing.
2. GREED is a tough one, growing out of pride and envy. I remember a quote:
How can we be happy with more when we aren't happy with what we have?
MORE isn't always better.
But that is APOSTASY in this country, innit?
Today's students & former students with $1.1T in student debt certainly will not pay for your generations health care and social security. Nor will they buy this generations real estate at anything near todays values.
Eat them up. You may be soyent green.