Did you know that 93% of the $1.2 trillion student debt is owed to the United States government? Yeah, it turns out that the United States is the biggest student lender by far. Why? Because they’re making a killing: in fact, 37 percent of federal assets are student loans, about $3.2 trillion.
So when Democrats talk of the “student loan crisis,” you have to realize this is like a used car dealer saying that too many people owe him money.
Of course, Democrats want to have the government pay everybody’s way in college; apparently, that 93% should be 100% in their mind, and you can understand why: with such a huge return on profit, it would be best, really, if nobody knew how much the government was making off bad student loans.
Folks, the government doesn’t want to end student debt: it wants to monopolize the profits off it.
Keep this in mind when you hear politicians claim that college costs are too high, and yet everyone must go to college. This is a perfect confidence trick: you’re buying into a system that no one will, at some point, be able to escape.
Also, that 37% hides an awful lot of government spending. It that went away, well, you might realize how much our deficit was really running.
Божію Поспѣшествующею Милостію Мы, Дима Грозный Императоръ и Самодержецъ Всероссiйскiй, цѣсарь Московскiй. The Czar was born in the steppes of Russia in 1267, and was cheated out of total control of all Russia upon the death of Boris Mikhailovich, who replaced Alexander Yaroslav Nevsky in 1263. However, in 1283, our Czar was passed over due to a clerical error and the rule of all Russia went to his second cousin Daniil (Даниил Александрович), whom Czar still resents. As a half-hearted apology, the Czar was awarded control over Muscovy, inconveniently located 5,000 miles away just outside Chicago. He now spends his time seething about this and writing about other stuff that bothers him.