Marriage

The Imminent Doubling Of College Student Loan Interest Rates: Tragedy For America!

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If nothing is done to prevent it, on July 1, student loan interest rates will double from 3.4 percent to 6.8 percent, and the Republicans in the House of Representatives are doing nothing to prevent this tragedy, not only for college students, but for the long term future of the American economy!

As it is, many college students are in a bind, unable to pay their student loans, and therefore, will lose their credit rating, and be unable to purchase homes, rent apartments, buy automobiles, plan to have children, and all of the other plans and dreams of young people, who get an education and then discover how difficult it is to gain employment in their field of study!

37 million young people have student loans, and close to 7 million are delinquent on student loans more than 90 days.

The average outstanding student debt per household was nearly $27,000 in 2010, and one in four students have a debt more than $61,000 per household, an insurmountable burden.

69 percent of student loans are paid by middle class and poor families, and 24 cents of every dollar earned in a poor household and 12 cents of every dollar earned in a middle class household goes to student debt payments. For the higher income level, only 2 cents per dollar earned goes to student debts, and only 31 percent of loans are in higher income households.

$1.1 trillion, second only to mortgage debt, is owned by students who have no hope in many cases of ever coming out from under what is a form of economic slavery!

With the Great Recession of 2008 and its aftermath, the effect has been to delay or forgo the vision of ever having a normal economic life of home, automobile, and marriage, the whole concept of the “American Dream”!

While this crisis festers, banks are able to borrow from the Federal Reserve at 0.75 percent, one eighth of what students will face after July 1, adding $2500 to their financial burden, while under a plan of Senator Elizabeth Warren of Massachusetts, students would get the same interest rate as banks, and save an average of $6500 per student.

This change in student loan interest needs to be adopted, but the GOP seems uninterested in doing anything, and lack of action will victimize millions of college students!

67 percent of Americans want the Warren plan adopted, and 83 percent want the loan rate to stay at 3.4 percent or go down to the bank rate of 0.75 percent!

Can the Republican Party for once do what is right for young people, since not all young people are born to wealthy parents? Can they show some understanding of the struggles of young people trying to get ahead and get an education, and still have a future of independence, ownership of homes and autos, ability to have children, and save for retirement?

Should student loans become a new form of economic slavery forced on us by banks which have no conscience, other than obscene profits?

The Total Hypocrisy Of Evangelical Christian Minister Pat Robertson: Divorce Mate If He Or She Has Alzheimers Disease!

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Evangelical Christian Minister Pat Robertson has long been a leader in the Christian Right Movement, having been involved in the Moral Majority and Christian Coalition groups in the 1980s and 1990s. along with others, including the late Jerry Falwell.

Robertson has long been controversial for his statements and actions, regarding liberals, environmentalists, feminists, gays and other groups. And he also ran for President in the Republican primaries of 1988, claiming that God was behind him.

He has always emphasized “family values” on his Christian Broadcasting Network, and continues to have millions of followers, despite his controversial stands on many issues.

Now 81, he made the controversial statement after the Mid Atlantic Earthquake in August that it was caused by people who “act gay”. He had earlier blamed September 11 on the various groups mentioned above.

He has been known for statements far greater in number than the above, all of which would make anyone wonder about his sanity and his ethics!

But now, in the latest controversy, he suggests that IF a person has a mate who has Alzheimers Disease, it is proper to divorce and find someone else!

Imagine that: forget the vows one takes in marriage regarding being there in sickness and in health, till death do us part. Instead, pursue one’s own selfish interests, and give up all morals and ethics, as long as you put yourself first!

What kind of a religious leader would preach such outrageous ideas to his followers, many of whom are young, and already live in a society where marriage is not valued, and divorce is looked at as something to be expected?

Pat Robertson should give up his ministry and his television network and stop speaking out, as everything he professes is simply poison, hate, and insanity!

And one has to wonder if he has the early signs of Alzheimers Disease himself! What a disgraceful “good Christian” this man is, an embarrassment to the concept of Jesus Christ and religion!

The Gap Between College Education Needed And The Response Of College Age Population, Particularly Males: Danger Sign For The Future Economic Growth Of America! :(

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With the unemployment rate rising from 9.6 percent to 9.8 percent, over 15 million people out of work, and over 6 million out of work for a long term, the nation is faced with the reality that college graduates or higher earn far more than others, and have a very low unemployment rate in this horrible economy!

At the same time, African Americans and Hispanics, and those with less than a high school diploma, or even those who finish high school but achieve no higher level of education, are faced with an extremely high unemployment rate and little hope of a real employment opportunity anytime soon!

In the midst of this crisis, we are finding a larger number of high school students no longer aspire to college education, and that this is particularly noticeable among males, who now comprise far less than a majority of college level students!

Women are becoming more educated, and gaining better pay than in the past, and have a lower unemployment rate than men, and this is also adding up to fewer marriages, with women no longer feeling the need to marry because they can support themselves, and less resistance to the idea of having children out of wedlock!

As Time Magazine stated in a recent issue, women don’t need to marry for money, and neither men nor women need to marry for sexual relations, so marriage is a declining institution, as well as the goal of many young people, and particularly males, to gain a college education, which would improve their chances of keeping a job and avoiding unemployment!

This is a social problem that plagues America and will adversely affect its long range future, unless we can convince young people of the importance of education in their lives!