student loan forgiveness | The Direction of Intention

Do A Bit Of Reading [David’s blog on saturday morning smack-dab]

Posted on September 16, 2023 by davidrobinsoncreative

Yes. It’s true. I’ve been paying on my student loans for 22 years and I currently owe more now than the original loan. That little statistic is not an accident. I am not alone. There are so many of me, in fact, that our economy will teeter when payments resume.

The mechanism was set up in the Reagan years, a mechanism that has more recently been echoed in the Affordable Care Act. What seems like a good idea at the time, accessibility to education, accessibility to healthcare, is in actuality a shell game. The government provides a subsidy-or-loan-program for an industry yet places no cap on what the industry can charge. It places little regulation on how the loans are structured and serviced. It’s a money-making-machine in the guise of a social program. Tax dollars to corporate pockets. Compare the cost of an education in 1988 to what it is today. Compare the cost of healthcare in the USA relative to other developed nations. Once in the trap, it’s nigh-on impossible to escape it.

Do a bit of reading before you weigh in on student loan forgiveness. For extra credit, compare the amount of recent loan forgiveness granted to businesses (not to mention the amount given to large corporations when the economy melted down in the Bush years – due to bad corporate/market practices) relative to the amount proposed for student loan forgiveness by the Biden administration. Student loan forgiveness is peanuts in comparison though the impact on real people would be profound.

For extra-extra credit, keep in mind that humor is often the result of other people’s pain… it’s possible that this cartoon will strike your funny bone since the pain for us is real. We hope it strikes a slightly different bone.

read Kerri’s blogpost about PREDATORY LOANS

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