A Degree in Massive Debt (MD) – For-profit and private schools using the budget problems in state schools to lure in more students into debt. The extraordinary cost of going to college in the United States.
In the last few weeks, there has been a surge of articles in mainstream media channels discussing the massive cost of education. Whenever I read books with a biographical baby boomer edge, you will likely get a line of, “I didn’t need a college loan because I worked a part-time job and went to school.” [...]
The Synthetic Recovery – Wall Street banking success dependent on destroying the productive sectors of our economy.
I’m certain that many of you are taking a glimpse at the bread and circus Goldman Sachs hearings. At one point in the hearings, an attempt to define derivatives came up. Yet when the Goldman bankers tired explaining their derivative bets, it came out as contempt for the public and representatives. They rather not explain [...]
America’s Working Poor: How 12 Million Americans went from Working Poor to Food Stamps in Two Years. 38 Million Americans in Poverty by Government Statistics. The Importance of Education in Pulling People out of Poverty.
The middle class in America has been under assault for years but this recession only magnified the issue. Most Americans, 6 out of 10 own their home and this is where most of their wealth is stored. Yet the housing bubble bursting has wiped out much of what they once thought was part of their [...]