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Total student debt outstanding approaches $1.1 trillion. 65 percent of all outstanding student debt held by those 39 and younger. from MyBudget360.com: It is interesting to hear older politicians take the podium and wax and wane poetically how young Americans are not working hard enough or need to take responsibility for their actions in the current economy. The reality of the situation is the recent recession has punished the young disproportionately. The young have seen [...] President’s Obama’s call for a 94-cent-a-pack hike on federal cigarette taxes to fund early childhood education programs is controversial. Anti-smoking groups applaud the proposal, but some tax experts and tobacco companies are against it. The case for the tax. The tax is being presented as way to fund education and reduce smoking rates. It would raise roughly $78 billion over 10 years. “The proposed tobacco tax increase would have substantial public health benefits, [...] by mybudget360 Many Americans look at the crisis in Greeceand shake their heads wondering how it is possible for an entire country to derail the future of its younger generation. One big problem in Greece was massive government liabilities funding very generous pensions. Yet this came at an enormous cost. The US is facing a different crisis but the markets have already responded over the last few decades. In the early 1980s, roughly [...] by Michael When it comes to materialism, has any nation ever surpassed what we are seeing in the United States right now? We define our lives by how much stuff we have, to a large degree our personal and business relationships are defined by how much money we make, and even most of the important dates on our calendar are all about materialism. Just think about it. We throw outrageous birthday [...] The only thing Obama’s stimulus plan did was scare people into believing the US has unpayable debts, American economist Todd Buchholz told RT. The president doesn’t care enough about the country’s deficit and debt, he said. “Until the president leaves office, whether that is in January or in four years in January, it is going to be very difficult for the US to tackle these difficult economic and fiscal issues,” the former [...] My eyes always cringe at the sight of a homeless veteran. As I know the pains of war firsthand, it breaks my heart to see that people who have sacrificed so much for my freedom are suffering to such a degree. But it’s comforting to know that groups like the American Legion Homeless Veterans Housing Project in Jewett City, Conn., have been renovating old buildings and turning them into shelters [...] What Do California And Detroit Have In Common? The American Dream When most people think of the economic decline that is happening in America, most of them think of states like California and cities like Detroit. In both cases, unemployment is rampant, government finances are a mess, and businesses and families are both leaving in droves. So what is causing this? What do California and Detroit have in common? Well, [...] By Jennifer Mishory, Rory O’Sullivan, Tobin Van Ostern Download this brief (pdf) Read this brief in your web browser (Scribd) More than 7 million students and their families rely on Subsidized Stafford Loans to help pay for college. The loans distributed by the U.S. Department of Education currently hold an interest rate of 3.4 percent. But that rate is set to double if Congress fails to act by July 1, 2012. If that occurs, millions of [...] Kids these days. They don’t get married. They don’t buy homes. And, much to the dismay of the world’s auto makers, they apparently don’t feel a deep and abiding urge to own a car. This week, the New York Times pulled back the curtain on General Motors’ recent, slightly bewildered efforts to connect with the Millennials — that giant generational cohort born in the 1980s and 1990s whose growing consumer power is reshaping the way corporate [...] From Washington’s Blog: MTV created two public service announcements to encourage young Americans to understand and stand for their civil rights. The 2006 Military Commissions Act and 2012 NDAA “legislated” dictatorial authority to declare any person a “terrorist supporter,” seize such persons, and hold them indefinitely and without rights. The two-minute video here is Defense Secretary Panetta claiming… Read full article… Are you unemployed and out of options? Well, if you live in most areas of the country there is not much hope for you. But there is one state where hiring is really hot right now. If you are desperate for a job, you just might want to check out North Dakota. Way back in the middle of the 19th centurty, author Horace Greeley gave young [...] Headlines: Saab Files for Bankruptcy Protection Decrease in federal stimulus money blamed for Iowa closures, layoffs GAO report backs up Postal Service’s dire warning Greece euro exit can’t be ruled out – German CSU head White House to Propose Plan to Help Postal Service European Crises: Treating a Mountain Like a Molehill (McAlvany audio. Info on the Swiss currency devaluation & the euro) Bank of Canada Keeps Key Rate at 1%, Detects Diminished Need for Increase Finland May [...] *****Moodys Warns Student Loans May Be the Next Financial Bubble. 10/20 million American Students Should Starve the US Government from its Taxes. http://seenoevilspeaknoevilhearnoevil.blogspot.com/2011/08/moodys-warns-student-loans-may-be-next.html *****Eight Reasons Young Americans Don’t Fight Back: How the US Crushed Youth Resistance 10/20 million American Students Should Starve the US Government from its Taxes. http://seenoevilspeaknoevilhearnoevil.blogspot.com/2011/08/8-reasons-young-americans-dont-fight_05.html *****The Creek…short video. Parallel to knocking your head in the Stock Market… Arch Duke Ferdinand |
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