muses of the moment

March 1, 2013

Bubbles, bubbles….

Here is the latest from the Fed itself on the pop of the Student Loan Bubble. The only good thing that can come out of this is the collapse of the US Collegiate System. Anyone who goes to college and doesn’t pay cash will become a debt slave for life (or at least 25 years), which ever comes first.

Again, groovygirl says: how can a graduate of college pay off collage debt on 10.00 per hour job (if he-she can find one), save for a 20-50% down payment for a home, get married and start a family, afford health care, and pick up any of the slack in the 70% consumer portion of the GDP? Only one or maybe two of those things can happen. And since college debt is exempted from bankruptcy laws, it will not be the college debt. Debt slavery. Housing has to implode.

I wonder if Bloomberg will alter its cover at all when the student loan bubble pops?


1 Comment »

  1. Good point . Go to college , major in something useless , and become a debt slave . Checkout the Bloomberg cover link ! B.

    Comment by Elizabeth Young — March 2, 2013 @ 12:53 am

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