Posts tagged Debt
Posts tagged Debt
I feel like this is something for which I must opt in, not opt out. The five phone calls a day aren’t enough? And if a person pays for texts, that is not a free message.
Before anyone asks, I replied stop. And I’ve asked numerous times for them to communicate by mail.
This is not mail, Sallie Mae. Fail.
Skillshare is giving away $5,000 to help pay off student loans. Enter by clicking the link above!
About time someone bailed at least one of us out…
This is an interesting read because the information from many surveys of Fox News viewers is collated into one article. It’s honestly stunning yet entirely understandable that viewers of The Daily Show in the latest study were actually more informed than Fox News viewers - and correctly informed.
Straight from Fairleigh Dickinson University’s study [Emphasis mine]:
NPR does the best job of informing respondents about the debt crisis: Listening to NPR is associated with a 26-point increase in the likelihood of correctly naming Germany as the bailer, and a 12-point decrease in thinking that the US is behind the Euro-bailout. Sunday morning talk shows, talk radio and The Daily Show with Jon Stewart have similar positive impacts. On the other hand, people who report watching Fox News are five-points more likely than those who watch no news at all, to incorrectly say it’s the US that is bailing out European countries.
Puts a new spin on the old cliche “No news is good news,” doesn’t it?
The young man standing next to the “Jail Sallie Mae, Cancel All Student Loan Debt” sign in Liberty Plaza last night could very well end up in jail himself – not for protesting economic injustice and marching on Wall Street, but for doing sex work to pay off his student loans. “My loans are $1,300 a month,” he said. “My rent is $1,300 a month. My salary is $2,600 a month. You can see the problem. So I work as a prostitute for food and utilities.”
Though he works a day job in the tech sector, it’s not enough to get by. “But it could be worse,” he continued. “I could have to do sex work for all of it.”
With the Department of Education estimating that outstanding US student loan debt will soon exceed $1 trillion and job growth stalled, students face the very real prospect that there’s no way to ever pay back their debts. As of this May, new graduates are leaving college with an average of $22,900 in debt each, which, according to the Wall Street Journal, makes the class of 2011 the most indebted in history.
I don’t even want to think about my student loans and what will have to happen for it all to get paid off. It’s because I don’t know how it’s all going to shake out. I fear that getting a law degree won’t be enough.
Sixty-two percent of Americans think the bill that raises the federal’s debt ceiling through the year 2013 and makes major cuts in government spending benefits the rich at the expense of the poor and middle class, according to a CNN/ORC poll released on Monday.
Only 27 percent say that the debt ceiling deal treats all classes fairly and 11 percent have no opinion.
The poll (PDF) also found that 47 percent of Americans rate the economy “pretty badly” and 28 percent rate it “very badly.” Only 23 percent think the economy is going “fairly well” and a meager 1 percent say it is going “very well.”
In other words, 62 percent of Americans are starting to realize something in the milk ain’t clean.
Standard & Poor, explaining their decision to downgrade the credit rating of the US for the first time in history.
So let’s revisit this:
"I think some of our members may have thought the default issue was a hostage you might take a chance at shooting. Most of us didn’t think that. What we did learn is this — it’s a hostage that’s worth ransoming. And it focuses the Congress on something that must be done." - Republican Senate Minority Leader Mitch McConnnell, on his party’s handling of the debt ceiling.
Was it worth it? You incorrigible bastards still wounded the hostage. And now, for acting like deadbeats, you all tarnished the full faith and credit others have in the US to make good on its obligations.
(Source: The Wall Street Journal)
The E-Trade baby loses everything…
"BOOM! I just bought some stocks. BOOM! BOOM! BOOM! … Hell, I don’t even know what half this stuff means!"