The student loan debt bubble in America is spiraling out of control, and it is financially crippling an entire generation of young Americans. At this point, the grand total of student loan debt in the United States has reached a staggering 1.2 trillion dollars, and an all-time record high 40 million Americans are currently paying off student loan debts. Just when our young people should be planning on buying homes and starting families, they find themselves financially paralyzed by oppressive levels of debt. What makes all of this even worse is that only some of our college graduates are able to get the “good jobs” that we promised them. So with limited job prospects and suffocating levels of debt, this generation of young Americans is increasingly putting off major life commitments such as buying a home and getting married. As a society, we really need to rethink how we are “educating” our young people, because what we are doing now is clearly not working. The following are 18 sobering facts about the unprecedented student loan debt crisis in the United States… (Read More...)
Financially
Obamacare Is Going To Be The Biggest Expansion Of The Welfare State In U.S. History
Can the U.S. government afford to pay for the health care of 38 million more people? As you will see below, Obamacare is going to be the biggest expansion of the welfare state in U.S. history. It is being projected that a decade from now 17 million Americans will be receiving Obamacare subsidies and an additional 21 million Americans will have been added to the Medicaid rolls. At a time when we are already running trillion dollar deficits, is this really something that the government should be taking on? In addition, it is being projected that bringing millions upon millions of new people into the Medicaid program will also cause enrollment in many other federal welfare programs such as food stamps to surge. Right now, the percentage of Americans that are financially dependent on the U.S. government is already at an all-time high, and Obamacare is going to cause the level of government dependence to go much, much higher. But how much weight can the “safety net” actually carry before it breaks entirely? (Read More...)
More Than 100 Million Americans Are On Welfare
There are more Americans dependent on the federal government than ever before in U.S. history. According to the Survey of Income and Program Participation conducted by the U.S. Census, well over 100 million Americans are enrolled in at least one welfare program run by the federal government. Many are enrolled in more than one. That is about a third of the entire population of the country. Sadly, that figure does not even include Social Security or Medicare. Today the federal government runs almost 80 different “means-tested welfare programs”, and almost all of those programs have experienced substantial growth in recent years. Yes, we will always need a “safety net” for those that cannot take care of themselves, but it is absolutely ridiculous that the federal government is financially supporting one-third of all Americans. How much farther do things really need to go before we finally admit that we have become a socialist nation? At the rate we are going, it will not be too long before half the nation is on welfare. Unfortunately, we will likely never get to that point because the gigantic debt that we are currently running up will probably destroy our financial system before that ever happens. (Read More...)
19 Things That All High School Students Should Be Told Before They Go To College
Don’t you wish that someone had told you the truth before you went to college? Don’t you wish that someone had told you that college has become a giant money making scam that is designed to drain as much money out of students and parents as possible? Yes, college can be a profitable endeavor if you pick your field of study wisely, if you can get someone else to pay for at least some of it and if you can actually get a good job in that field when you graduate. But most high school students are never told to weigh the pros and the cons before they run off to college. The typical high school student is simply told to get into the “best school” that he or she can and to take out whatever loans are “necessary” to pay for that education. Our high school students are assured that those student loans will be paid back easily once they get “good jobs” following graduation. But the truth is that there are some other things that high school students should be told before they go off to college as well. They should be told that student loan debt can cripple them financially for decades. They should be told that the quality of education at most U.S. colleges and universities is a total joke. They should be told that most college graduates do not get a “good job” once they graduate these days. They should be told that after they receive their diplomas they are likely to end up flat broke, waiting tables and living with their parents. (Read More...)
32 Signs That The Entire World Is Being Transformed Into A Futuristic Big Brother Prison Grid
Do you want your children and grandchildren to live in a futuristic “big brother” control grid where everything they do is watched, recorded, tracked and tightly controlled? Well, that is exactly where things are headed. We witnessed some really bad totalitarian regimes during the 20th century, but what is coming is going to be far more restrictive than any of the despots of the past ever dreamed was possible. Today, nearly every government on earth is tightening their grip on their citizens. Paranoia has become standard operating procedure all over the planet and nobody is to be trusted. Global politicians will give speeches about liberty and freedom even as they undermine them at every turn. There are very, very few nations on the planet where liberty and freedom are increasing. Instead, almost everywhere you turn the “control grid” is getting tighter. Governments don’t want us gathering together and interacting with one another. Instead, they want us to work our tails off to support the system, they want us enslaved financially and constantly drowning in debt, and they want us addicted to television and other forms of entertainment. They want us as numb and docile as possible. Meanwhile, all over the globe they continue to construct a futuristic “big brother” control grid that will ensure that they will always be able to control us. (Read More...)