01 septembre 2013

The American dream should really be called the American debt

http://static.guim.co.uk/static/ce988c035aadaf0a6ad0a7a7d51a0fabdf1359a4/common/images/logos/the-guardian/news.gifBy . With college loan debt hitting us where it hurts, the American dream has become the American farce for Generations Y and Z. The American dream has become the American farce for Generations Y and Z. Student loan interest rates doubled to 6.8% on 1 July until Congressreached an agreement to change them back weeks later. This isn't some small special interest issue; it impacts 40 million Americans. Indebtedness has become a ravaging disease infiltrating our US waters, and there doesn't seem to be a cure to stem the tides of suffering that so many of us are dealing with at present. There are more questions than answers on how to remedy this unpleasant situation. To his credit, President Obama recently conducted a town hall at the University of Buffalo to discuss his new plan to attack student loan debt for numerous citizens drowning in it. Read more...

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