How are all you people so damn calm? Ignorance is not bliss. Ignorance just allows educated people to take all of your shit. Ever wonder how you as a young college kid with an entry-level job and no education were able to get tens of thousands of dollars in student loans? Oh? It’s because people believe in you? Wake up dumbass!
The government owns almost all of our student debt. They say they are lending to us to help ensure that everyone can get a college education, but I call bullshit. It doesn’t take a genius to know that not everyone should get a college education, and anyone who has ever had the toilet break in their one-bathroom apartment knows that the arrival of the plumber feels like the second coming of Christ.
The real reason that the government is willing to take on so much risky debt is that student loans are a cash cow for the government. It’s our teets that they are sucking dry. And, our government, unlike private investors, has special powers to milk us dry. True, private investors benefit from the fact that our student debts are virtually inescapable, but the government has the IRS as its enforcer. And, while the IRS may not break your fingers like your booky’s friend Mickey, they can garnish your wages without a court order, seize your tax refunds, deny new student loans and grants, take a portion of your Social Security benefits, and charge very large collection fees. To add insult to injury, the government keeps raising interest rates on their student loans. Oh, and I almost forgot to mention that there is no time limit within which the government must attempt to collect your loans.
The bottom line is that it is upon our backs that the government is balancing its budget. To my friends who say that the government should just forgive all of our student debt and eat the loss, are you a blithering idiot? Not only is the government relying on the interest profits, but how would we fill a $1.5 Trillion hole in our balance sheet? The magic genie?! Do you remember what happened when America’s credit rating was downgraded? It was bedlam. This would be at least as bad, if not worse.
That’s when I came across Third Estate’s Forgiveness Fellowship. From what I gather, they figured that not everyone would want to bend over and take it quietly from the government, so someone should be around to help break our chains of student debt bondgage. Battle Debt! Build Communities! Join the Cause!
Yours in solidarity,
The Angry Millennial