The Cancer Stage of Reaganomics
Our young people are drowning in a sea of debt, and it all started with Reaganomics. And Reaganomics is a lot like cancer. Most people don’t know they have cancer until it reaches the later cancer stages, when it becomes much harder to treat. In the early stages, cancer starts off as inflammation. A few cells grow slowly initially. But then, the cells begin to rapidly multiply, and the cancer begins to pick up steam.,,
Reaganomics has done the exact same thing to our economy and to the American people, and right now, we’re on life support. For proof of that, just look at the student loan debt crisis in America. Billionaire banksters and for-profit schools are making a fortune off of America’s young people. The average debt for a 25-year-old American student has risen a staggering 91 percent over the past decade - and most of that is student loan debt.
Over 38 million Americans have outstanding student loan debt right now, totaling over $1 trillion dollars. Student loan debt exceeds both credit card and auto loan debt in America, and the average is over $23,000...
...since the 1990’s, when Reaganomics was really picking up steam, cumulative student loan growth, or the number of students taking out student loans, is up over 511%. And it really hit the full-blown "cancer stage" in the 2000’s, thanks to George W. Bush, who put Reaganomics on steroids. This is a problem that is almost uniquely American, because the soaring costs of college and growing mountains of student loan debt
aren’t even an issue in most developed countries.
A college education in America used to be that affordable, but Reaganomics changed everything. It’s time for a college education to be affordable again. That starts with a
national debt jubilee, with the government paying off all outstanding student loan debt in America. At just over $1 trillion, the government could easily find savings in other areas to pay for it; it's less than we're paying for either of George W. Bush's illegal wars! And a clean slate would do wonders for our economy.
But more importantly, let’s get back to the ideals of Jefferson and Lincoln, who both worked make a college education free for anyone who’s worthy of it...
The only way that “the education of the common people” can “be attended to,” is by wiping out the mountains of student loan debt that thirty-plus years of this cancerous Reaganomics has created, and making college affordable again. It’s time to get smart about getting a good education in America, and in the process, kill off a large part of the cancer that is Reaganomics.
- See more at:
http://www.thomhartmann.com/blog/2014/03/cancer-stage-reaganomics#sthash.qlxzOSbC.dpuf
