As a conservative or right-leaning gentleman, I can sniff out leftist propaganda quite easily, and mind you, that’s not so hard, considering it is virtually everywhere in our society and has infiltrated our corporations, government and even our own families. Yes, everyone has their point-of-view (POV) on politics and that is perfectly acceptable – except for one thing, on the left it really isn’t someone’s actual POV, rather it is one of a brainwashed mindset from repetition, false argument and propaganda. Let’s take this growing and out-of-control college student loan crisis we are in today.
Did you know that nearly 50% of all student loans are in default or not a single payment has ever been made, with a huge chunk of the outstanding $1.35 Trillion — yes, that’s correct with a “T” — hasn’t shown a payment in over 7-years? We are told, or were told by the Obama Administration that employment is at an all-time-high, now at just over 4%, well then how come no one is paying on their student loans, not even small payments to stay at least in the game?
Now then, there is a YouTube video: “PBS Looks Into The Student Loan Problem,” on the Credit Care Channel, which goes on and on about how Sally Mae collection personnel are misadvising debtors to pay their loans before their rent, health care insurance or house payments, and how borrowers didn’t understand that it was a bad idea to do that. The 25+ minute video makes the student loan borrowers look like victims? What? They are not the victims, we the taxpayers are in many cases, as we are guaranteeing those loans, no not all, but a portion of them.
One estimate was that the taxpayers are on the hook for about $108 Billion of the already in default student loans, ouch. What do I think of this? Well, I think PBS, yes, also partly funded by the taxpayer is making things worse, and their documentaries on this topic are a very leftist view point, following the likes of Hillary Clinton and Bernie Sanders who basically told voters that if they voted them into office there would be forgiven student loans and free-college for everyone.
But, why does PBS make these borrows out as victims, they are not, they owe the money, the taxpayer should NOT bailout this abuse of our system by students, leftists in politics and students. Academia is to blame too, those know-it-alls claiming they care about the kids, BS they care about their pensions, tenure and leftist politics.
If these colleges would teach “Financial Literacy” along with other requirements to get a degree, maybe their students wouldn’t be such deadbeat consumers. Instead academia teaches leftist socialism, brainwashing students. Maybe, it’s okay if the college loan crisis debt bomb bubble pops, NO taxpayer bailouts… We have an academic university system out-of-control partly funded by taxpayers, as the tenured professors act high-and-mighty, but hide out in academia, never having had to make payroll or deal in the free-market.
If you don’t have a problem with those who’ve allowed this student loan debt bomb to lead to a crisis of epic proportions while the bubble is still building – then you are NOT paying attention. Think on this.