Paul Krugman points his readers to this column by Suze Orman, in which the personal finance guru endorses the Occupy Wall Street protesters, and rails against the unfairness of the events that have transpired over the past few years, with major banks and other financial institutions seeing massive bailouts while ordinary Americans have been left out to dry.
One point Orman makes is to note the unfairness of a system in which our youth are graduating from college loaded up with student loan debt, and few if any job prospects to help them repay it. Furthermore, recent legislation makes this debt nearly impossible to discharge in bankruptcy court. It’s no wonder the kids have taken to the streets.
By manner of comment, I would like to repeat something I have said in other venues: when future historians look back at the wreckage that is becoming of the American economy, they will note with sadness our skewed priorities. And they will wonder how it is we ever got to a point where a propective homeowner considerng the purchase of his next McMansion can rest secure in the knowledge that should things go wrong, he can simply turn in his key and walk away from the mortgage suffering no legal ramifications. Whereas, by contrast, a young person looking over a stack of college prospectuses and trying to decide where she wants to pursue higher education faces the very real risk that the massive loans she takes out to pay for college will haunt her for the rest of her life.
NOJO • Tom Lehrer, 1928-2025 @ManchuCandidate: Summer definitely disappeared.
MANCHUCANDIDATE • Tom Lehrer, 1928-2025 BTW, has your favorite fundies gone to Ratpure?
MANCHUCANDIDATE • Tom Lehrer, 1928-2025 Come on dude shut your mouth. Shut your mouth Never like to hear I take bribes Won't you please…
BURR DEMING • Tom Lehrer, 1928-2025 Thank you for this, nojo. He was a wonderful talent and, by all accounts, a wonderful human…
NOJO • Tom Lehrer, 1928-2025 Oh, and there’s a Catholic church across the street. Maybe I can do a little dance for them!
NOJO • Tom Lehrer, 1928-2025 Now that I’m in NYC, plenty of pigeons to poison in his honor.
NOJO • All the Vice President's Men 2025 update: Nothing happened. And here we are!
MANCHUCANDIDATE • Weeping Angel Imagine going from hope to Fascism in less than two decades enabled by greedy ass (millionaire)…
NOJO • Nightmare at the Museum From the last time he threatened to bomb Iran, 2020. Remember that one? All a misty blur now.
NOJO • TRUMP TARIFFS UNLEASHING FURY OF CANADIANS - AND THEIR LEGENDARY SNIPERS! @ManchuCandidate: I have birthright citizenship in Cascadia, so I think I’m good.