Tuesday, September 1, 2015

Student Loans

A one-percenter supporter gets a verbal smack down from national radio host Bill James on "James All Night." The subject -- student loans...

From "Trickle Down - How the 99% Fought Back & Won" 
Pg 65


"Hi Bill, long-time, first-time. My kids were watching 'The Doolittle's' earlier tonight and one of the characters was talking about living overseas because she couldn't afford to pay back her student loan."
"Yeah, we've gotten a lot of calls about that."
"But isn't it just another example of the liberal media playing games with our kids heads? I mean if you want to get an education you have to pay for it like anything else. It took me nearly six years to pay off my student loan."
James shot right back, "Six years? You should consider yourself lucky Steve. It took me ten and that was a long time ago. How much did you owe if you don't mind me asking?"
"About $90,000."
"What are you doing now?"
"Well, right now I work as a security officer."
"That can mean a lot of things. Are you a security officer for the government? For a major corporation? The NSA? At the local mall?"
"No, at a local bank."
James went right for the jugular. "OK, so let me get this straight. You spent six years of your life paying off a student loan for $90,000, and now you're security guard making, what – 12, 13 bucks an hour? How's that for fuzzy math?"

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"That's not the point Bill, there's no free lunch and if you want it for free go to college in Moscow!"
"No Steve that is the point. College should be affordable for the rest of us. The kids going to Harvard and Yale can thank their rich mommies and daddies for footing the bill. The corporate suits are telling our kids that they have to go to college to get a decent paying job. But when they graduate they're straddled with so much debt that it takes them forever to pay it off. That means they don't have enough money to buy stuff which is money that goes right back into the economy. You should've been making a decent salary all these years but you didn't because your boss knew he could get away with paying you crap. He has all the leverage. And then he has the gall to wave the flag and call it 'free enterprise.' Oh it was free enterprise alright -- they have the freedom to choke hard working Americans to death and then laugh all the way to the bank!" A string of flashing lights exploded on the producer's console. "You're listening to 'James All Night'...Back after this."

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