John Oliver Student Debt HBO
Please be aware there is language and topic not suitable for children in this video
This is a sad state of affairs in the United States when we have to rely on parody television to give us more than a couple of minutes of truth about the $1.2 Trillion Student Loan Debt.The scary fact is this $1.2 Trillion Student Loan Debt is growing faster today than ever before; along with the quickly growing student loan default rate. The President and Congress keeps telling the American people that low interest rates is the the solution? Low interest rates will help, but it is not the solution to an outdated student loan system that has no real checks and balances.
This whole mess is because "The Politician's" now owe so many favors after being elected they no longer work for the American people;The politician's now work for the select few that bought their elected office for them .I may sound like a broken record,but when it takes $7 Billion to elect the President and Congress the last election.If the last election wasn't bad enough now with the Supreme Court new rulings this amount could easily double.
I know this amount of money is hard to believe,but our first proof is the the Kentucky Senate race that is already estimated to cost $100 Million and from looking at reports today this estimate may be too low. This along with as much as 75% to 85% of this money is coming from outside of Kentucky? I know history will back me up on this when the $100 Million bench mark is hit $100 Million will become the norm on at least the remaining high profile senate races and then imagine what this is going to do to the enormous amounts of money that will be spent on the Presidential race.
I will promise you that there will be no real solutions to the $1.2 Trillion Student Loan Debt Crisis
until full student loan consumer protection laws have been reinstated. This will hold all parties accountable
The student.. the schools and their out of control rising tuition..our own government that refuses to put real checks and balances in place. and their inability to holding the schools accountable as well.. the lenders...., the collection agency..Oh just in case you didn't know the politicians with help of lobbyist and special interest groups have slowly changed the lending laws that now the lender can also be the debt collector. Why is this important you ask.The lack of of jobs...low salaries..more companies moving out of the United States because of the new tax laws just to new a few reasons.I can tell you with confidence it will not be long before more money(Huge Profits!) will be made on student loan defaults than the actual student loan.
This is now a story about right and wrong...I can tell you what the politicians are doing to our children the very future of our great country is WRONG!
This post is far from being complete, but I want you to tell your friends, your family, your
Congressman or Congresswomen to watch this video.
I will leave you with this
"A baby comes into this world with only hope..the only gold we will leave this earth with is our word"
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