World-News

The Crushing Burden of Student Debt

David Graeber, Mike Konczal, Brian Kalkbrenner and Sarah Jaffe, n+1: ''One of my favorite moments of Occupy Wall Street was the second or third night. There's this guy, he s playing a carnival barker, and he says, 'Step right up! Write down what you owe to the bank; write down what you're worth to the 1 percent!'... and people were writing down what they owed and what type of debt. And I thought, this is a radical moment, because we are articulating this number out loud, and we are putting it in a political context, and this is the moment I have been waiting for.''

http://truth-out.org/opinion/item/8901-the-crushing-burden-of-student-debt



The Big-Lie Coup d'Etat

Robert Reich, RobertReich.org: ''JP Morgan Chase, Goldman Sachs, BP, Chevron, WalMart, and billionaires Charles and David Koch are launching a multi-million dollar TV ad buy Tuesday blasting President Obama over the national debt. Actually, I don t know who s behind this ad because there s no way to know. And that s a big problem.''

http://truth-out.org/opinion/item/9622-the-big-lie-coup-detat



Escalating Delinquency Rates Make Student Loans Look Like the New Subprime

Yves Smith, Naked Capitalism: Like buying a house, getting a higher education was part of the American dream, a way to invest and to build a secure future. Reckless lending and the costly efforts to socialize the losses are turning both into American nightmares.

http://truth-out.org/news/item/13156-escalating-delinquency-rates-make-student-loans-look-like-the-new-subprime

--------

Social Security Garnished for Student Debts

By Ellen Brown

Congress has removed nearly every consumer protection from student loans, including not only standard bankruptcy protections, statutes of limitations, and truth in lending requirements, but protection from usury (excessive interest).

http://www.informationclearinghouse.info/article31309.htm

--------

The Student Debt Bomb
http://www.commondreams.org/view/2012/05/17-2

Student Loan Debt Explodes, Climbing 275% Since 2003
http://www.commondreams.org/headline/2012/05/31-8

Senator Bernie Sanders: Statement on Student Loans
http://www.commondreams.org/newswire/2012/06/29-6

--------

The debt ceiling is coming again

Future of Freedom Foundation
by Jacob G. Hornberger

05/21/12

Just as I have repeatedly predicted since the last debt-ceiling debate, statists are already gearing up for another lifting of the debt ceiling. A good example comes in a New York Times editorial, which is already trying to pressure Republicans into lifting the new debt ceiling when it comes due, which is expected to happen soon after the November elections...

http://www.fff.org/blog/jghblog2012-05-21.asp


Informant: Thomas L. Knapp

--------

The Subprime Student Loan Bubble
http://lewrockwell.com/bonner/bonner552.html

--------

College Debt Crisis Growing
http://www.realecontv.com/videos/us/college-debt-crisis-growing.html



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=the+American+Dream
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=US+Congress
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Bernie+Sanders
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=JPMorgan
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Goldman+Sachs
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=British+Petroleum
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Chevron
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=WalMart
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Koch+brothers
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Republican
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=debt+ceiling
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=student+loan
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=debt
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=social+security
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=consumer+protection
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Wall+Street
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=OWS
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Occupy+Movement
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=David+Graeber
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Mike+Konczal
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Brian+Kalkbrenner
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Sarah+Jaffe
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Ellen+Brown
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Laura+Flanders
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Jacob+G.+Hornberger
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=com/bonner
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Robert+Reich+Blog
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Yves+Smith
-----