November 26, 2020
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Tag: Student Debt

Five Charts that Explain the Student Debt Crisis

In 2015 The New York Times profiled Liz Kelley, a Missouri teacher and mother of four who owed the federal government $410,000 (and counting) in student loans. Kelley’s borrowing was not as remarkable as one might think—most of the debt was...

Putting the News Together

Each day, it is hard to put everything in perspective when you read the news. With stories that are scattered all over the map being mixed in with other miscellaneous “garbage,” the news seems hardly news at all. As our government...

Debt, Debt, and More Debt

The National debt clock moves so fast that it is impossible to write down the balance accurately at any given time. Just a few hours ago, it was rolling along at $19,860,685,748,210. That’s trillions of dollars! As much as this staggering...

Forgiving Student Loans?

Americans today tend to live like their government. Mortgaged houses, leased cars, heavy credit card debt and student loans to finish college. Two thirds of all students graduating today have some level of debt. While the numbers are always...

What Happened to Economic Common Sense?

I can remember the days before refinancing, adjustable rate mortgages, student loans, automobile leasing and multiple credit cards. Sounds like a long time ago but it actually wasn’t that long ago – sometime in the 1960s. Now maybe for some people...

Unhappy Days are Here Again

Not quite the same words that the old Roosevelt song read but the reality of today’s sad situation is that it took 8 years but the Obama administration will leave office with the nation in a severe recession after having spent trillions of dollars...

Farewell Responsibility

In a letter to his daughter, Thomas Jefferson wrote this about debt: “Be assured that it gives much more pain to the mind to be in debt, than to do without any article whatever which we may seem to want.” More than a century later, while...

The Student Debt Debacle

Interest rates on student loans are set to go up.  Everyone seems outraged.  How could they do this to our youth?  Real easy my friend!  No one in their right mind would run a business like this except the Federal Government.  Depending upon what...