IN DEBT WE TRUST
Next ’subprime' crisis: Student loans
Exclusive: Peter Brimelow notes in both crises the 'villain is the federal government'
06/25/2013
Peter Brimelow is in WorldNetDaily, or WND.com with a column on the Education Bubble.(Graphic provided by WND)
IN DEBT WE TRUST
Next ’subprime' crisis: Student loans
Exclusive: Peter Brimelow notes in both crises the 'villain is the federal government'
A brief excerpt
But less well understood is the appalling immiseration of today’s recent college graduates. Some 37 million Americans have outstanding student loans. A quarter owe more than $28,000. Two out of five student loan borrowers become delinquent in the first five years after beginning repayment.
The reason: Having taken on massive debt, recent college graduates face an economy that is particularly difficult for their age group …
Into this difficult economy, the Gang of Eight propose to unleash, not merely the 1.5 million or so college-level illegal aliens who allegedly were brought here by their parents as children — the so-called DREAMers — but an unlimited number of university-trained professionals, even when unemployment exceeds 8 percent.
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