02-03-2013, 09:48 AM
It gets better. Since our economy is not creating enough wealth to sustain itself, our government is forced to borrow money at a tremendous pace. Our government survives by selling Treasury bonds. Who buys most of them? That's right - the Chinese. Where do they get the money? Form all those factories we exported to them. If we had a President or a Congress with the guts to reverse some of the "free trade" nonsense, American factories would have to re-open, hire workers, and make products we used to import from the sweat shops. That is how we create the wealth we need to pull ourselves out of this recession.
Originally Posted by Olympia
Mathman : Here is an experiment you could try. Find an economics professor at your university. Ask him if free trade has helped or hurt our economy over the last 20 years or so. He will look at you like you have 2 heads. He will tell you how wonderful and fabulous free trade is, because that's what he was taught. Free trade is the god before which economists are taught to bow down and prey.
02-03-2013, 12:15 PM
Bona Fide Member
Financial aid packages these days are mostly in the form of student loans. It is not unusual for a student nowadays to finish his or her education $100,000 in debt.
Originally Posted by jenaj
The good news -- more than half of student debtors just blow it off and never repay.
02-03-2013, 02:04 PM
It is not good to know that an entire generation is 50% deadbeats!
Originally Posted by Mathman
02-03-2013, 02:14 PM
I like to watch