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Is This A Coincidence? Obama Calls For Additional $1 TRILLION Student Loan Bailout For His Bankster Buddies While Pelosi Said Congress Give Obama Power To Personally Lift Debt Limit To Infinity!


A possible $1 trillion bailout is coming—and soon.

America’s now-nationalized student loan industry just reached a value of $1 trillion, according to Citigroup, growing at a 20 percent-per-year pace. Since President Obama nationalized the industry (a tacked-on provision of the Obamacare bill), tuition has gone up 25 percent and the three-year default rate is at a record 13.4 percent.

Adding another $1 trillion dollars to the national debt isn’t exactly “forgiveness” for young people—it’s prolonging the payoff. In fact, student loan bailouts are a catch-22 for young people because they’re going to be held accountable for paying off the national debt and interest payments.

A student loan bailout will also be rewarding higher education bureaucrats for a diminished product. A college degree used to mean that a person would add on average $1 million to their income over their lifetime. Today a college degree only guarantees an average $300,000 in added income over a lifetime.

 

http://www.breitbart.com/Big-Government/2012/11/29/1-Trillion-Dollar-Bailout-The-Student-Loan-Catch-22

 

Is this a coincidence?

Pelosi: Give Obama Power to Personally Lift Debt Limit to Infinity

http://cnsnews.com/news/article/pelosi-give-obama-power-personally-lift-debt-limit-infinity

You KNEW this was coming after hearing the student loan default rate went parabolic.

The Scariest Chart Of The Quarter: Student Debt Bubble Officially Pops As 90+ Day Delinquency Rate Goes Parabolic

http://www.zerohedge.com/news/2012-11-27/scariest-chart-quarter-student-debt-bubble-officially-pops-90-day-delinquency-rate-g

JUST SAY NO To Student Loan Bailouts

Good discussion.

With 11% delinquency rates, the student loan bubble is about to pop.  Kudlow is deeply suspicious taxpayers will be covering the check.

http://dailybail.com/home/just-say-no-to-student-loan-bailouts.html

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