Archive for the ‘Debt’ Category

Pay Off $1 Trillion in Student Loans by Closing Overseas Military Bases

Sunday, March 23rd, 2014

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Financial bailouts seem to have become a favorite policy of the U.S. government. Banks, insurance companies, the auto industry, the solar industry — all have been major beneficiaries of Uncle Sam’s largesse. Moreover, Congress is busy giving out money we don’t have to Ukraine, Egypt and others instead of taking care of problems at home. One may not agree with how or why every billion-dollar handout takes place, but if we’re going to come to the rescue of big business, or even other countries, why not extend a similar helping hand to our children? I’m talking about millions of college graduates saddled with the debt they had to pile up to graduate from college.

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Debt Denial: Stealing from Our Kids

Thursday, December 5th, 2013

Our handling of the national debt is like a grand, inter-generational Ponzi scheme that’s destined to drown our children and grandchildren in red ink. Our leaders like to call their strategy borrowing, but it is really tantamount to stealing — from our children, worse yet. Why? Because we have no plans to pay the debt. None. We continue to borrow just to make interest payments that are estimated to be $5 trillion over the next decade while doing nothing to pay down a staggering debt of $17 trillion.

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