There's an important underlying lesson about responsibility and whatnot, of which I completely agree. You see these kinds of posts quite often... "welcome to the real world"... "never retire"... "bootstraps"... "you can do it"...
Because they’re not necessarily wrong, they seem difficult to argue with... except... They all ignore the root of the problem.
You know, as Americans, we sure do love blaming and fighting with our neighbors (We the People)... Donkeys vs. Elephants...
Yet in spite of our revolutionary founding, None Dare Blame Washington, DC itself.
Ever.
Today it's...
We Declare these truths self-evident, that there shall be two factions amongst the people, fighting against each other, for oligarchal power and control.
Or something like that.
Anyway...
America Shocked After Learning Debt Must Be Paid Back
Stop the presses: Americans have just learned that borrowing money means eventually paying it back. Who could have guessed?
According to CNBC, nearly 1 in 5 student loan borrowers aged 50 and older are “seriously delinquent”—meaning at least 90 days late—on their student loans.
50 and older. Student loans.
50 and older.
In other words, decisions made back in the days of CIA Bush Sr. and Bill Clinton. So, the problem is a lot deeper than recent political dramas.
Flooding the market with counterfeited billions, over and over and over again, makes it next to impossible to make correct decisions.
How could it not?
Printing instead of producing wealth?
Alchemy.
Magic.
Nonsense.
You must produce the meal before you can eat it.
There is no other way.
Furthermore, every dollar an American worker earns today, buys less than a dollar in goods and services tomorrow, and less than that the next day and so on.
There's no way to sugar coat this. It's a shitty deal.
But wait, there's more!
Federal and state income taxes, fees, licenses, sales tax, etc., property taxes... eat up a sizable chunk of anyone's income.
The average American now pays more taxes than a medieval serf.
It's not the same game even our fathers played. From the middle class on down, the deck is stacked against you.
And they keep squeezing harder and harder and harder.
The moment the Trump administration flipped the switch and resumed collections, suddenly reality set in: the bills are real, the interest is real, and the consequences are—wait for it—real.
There’s something both hilarious and tragic about this situation. Americans spent the last five years being told that loans were more like Netflix subscriptions—cancel anytime, and nobody gets hurt. But the basic laws of economics and reality both have a way of breaking through the socialistic cosplay.
The "basic laws of economics and reality" tells us that we must first produce before we consume. Printing dollars, trillions of dollars out of thin air, pushes consumption first. Inflation also discourages savings (capital accumulation).
The elite aren't smart. They're absolute morons. Pushing the dumbest ideas mankind has to offer.
But illusions have consequences. Biden’s “freeze now, worry later” policy essentially told borrowers: don’t worry, you’ll never really have to pay these off. So of course, when collections resume, delinquency rates explode. It’s almost as if when you remove accountability, people stop acting responsibly. Shocker.
This was par for the course during Biden’s broader economic fairy tale.
Partisanship blinds.
We already know this goes back a lot further than that creepy Biden Bot.
So, what gives?
Nobody wants to face the facts.
Red Oligarchs vs. Blue Oligarchs.
Nobody wants to blame their own team.
Or admit that the American Dream is dead.
Facts.
It was killed by bankers, politicians, and their sycophantic cheerleading hoards a very long time ago.
The American market is not free. The golden goose is dead. It's time to step out of the kayfabe... the illusion... The fake pagan religion.
Inflation gives to the rich what it steals from the poor.
Inflation destroys man, society and culture.
And college?
Who sold them on college? Who stopped teaching things worth knowing at college? Who stepped up to help these kids?
"Go to college" has been such a consistently strong message, for such a very long time, it's basically instinctual at this point. A stupid assumption people just follow.
Prices today are stupid. In the sixties, which is not that long ago, you could buy land and build a large home on it for less than you can buy a crappy used car today.
That's a problem.
A whole bunch of problems.
The fundamental injustice of it all is the socialist bank and economic fascism in America that kayfabes as a free market.
But nevermind all that... you lefties better pay up, suckas!
Blue Oligarchs vs. Red Oligarchs.
Or, We the People?
