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This is ruining America's future. That's 5M people who can't even qualify for a car loan now. The penalties for default are punishing. Even bankruptcy isn't a r
by danjoc 9y ago
This is ruining America's future. That's 5M people who can't even qualify for a car loan now. The penalties for default are punishing. Even bankruptcy isn't a realistic option.
This is ruinous for these people. They'll be in their mid-30s or early 40s before they can pay off. Starting that late to build a nest egg, they'll never recover. There's going to be an entire generation that has no secure retirement plans. It will also be a baby bust. By the time they are stable enough to think about starting families, they'll be biologically incapable to produce. Nobody will be around to fight off invaders. We're seriously toast in 50 years at this rate.
- metilda 9y agoWelcome to having America's latest STD! Its bigger than Hepatitis (at 3 million), and costs about the same to cure ($80k to $90k a person). Relationships are delayed, careers are set back and our economy is slowly bled. Much like healthcare!
- djsumdog 9y agoDon't even get started on health care. I worked in health insurance for three years and lived outside the US for about the same time. I saw a lot of waste in our health insurance industry and a foreign market that was superior in almost every way, even for very serious conditions. I wrote a post about it a while back: http://fightthefuture.org/article/returning-to-america-and-the-unaffordable-care-act/ http://fightthefuture.org/article/returning-to-america-and-t...
- phil248 9y agoThe age curve in the United States is actually doing pretty good thanks to the massive amounts of immigrants we attract. Japan and Germany wish they had our population growth rates.
- Taniwha 9y agoyeah, but some guy is building a wall ... getting rid of green cards too
- dmh2000 9y agobut it's so easy to not opt in for a student loan you can't pay off.