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Posts Tagged ‘college’

But how is the profit in university education compared to perpetual war? Guess what is most profitable to the 1 percent. And guess who your government works for? Hint. It isn’t you.

By the way, student loans are purchased by Wall Street investment banks, such as Goldman Sachs. The banks use the loans to issue bonds, which they then sell to rich investors, hedge funds, etc… for large, risk free, government guaranteed profits.

When you make your student loan payments, much of that payment goes to the bondholders. That’s precisely why congress and the president allowed the interest rates for student loans to double from 3.4 to 6.8 percent last year. It made the bonds backed by the loans more financially attractive to rich investors. That’s also why the government does not increase grants to needy students. To do so would mean less loans for Wall Street to purchase.

Of course, war is even more profitable to the 1 percent than student loans. However, war and student loans are both big income redistribution conduits through which money travels from the 99 to the 1 percent. And, of course, some of those profits travel back to US politicians in one form or another. So you can see that your elected representatives have absolutely no incentive to do the right thing, and the thing they can do, by providing free tuition at American colleges and universities. To do so would destroy one conduit of redistributing your income to the 1 percent.

That’s what the corrupt US government, and its corrupt representatives are paid to do. Otherwise, they wouldn’t do it. They’re not stupid little boys and girls. They’re merely corrupted by the money of the 1 percent.

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From the Economic Policy Institute:

“The vast majority of Americans primarily rely on their earnings from work—not investment income, not government support payments—to get by. That’s why we can’t address inequality without addressing wages. And what has been happening to wages is not pretty. The pay of most workers has been stuck for decades even though productivity and earnings at the top are escalating. Between 1979 and 2013, productivity grew eight times faster than median worker pay. Americans are working harder, more productively, and with more education than ever, but are treading water, as an enormous and ever-increasing share of income growth goes to corporate profits and executive pay. Just in the last decade—between 2002 and 2013—inflation-adjusted wages were stagnant or fell for the bottom 70 percent of wage earners. This widespread wage stagnation, which afflicts even the college-educated, hurts economic growth, curtails the aspirations of lower-income families, and constricts middle-class incomes.

The central economic policy issue today is the challenge of generating broad-based wage growth. Broad-based wage growth is the key to addressing income inequality, ensuring social mobility, reducing poverty, boosting middle-class incomes, and enjoying stable economic growth.”

These are brave and accurate economic words from the Economic Policy Institute (EPI), but dealing with these matters is a political problem, which is how income has been redistributed from the 99 to the 1 percent during the last thirty-four years.

It’s also a misinformation challenge as the corporate press dutifully lies to us about how our income and health is being redistributed from the 99 to the 1 percent, but that’s another story.

Free trade treaties are written and approved by congress and the president with an eye toward jacking up the profits reaped by major corporations (which are tools through which the 1 percent redistribute income and wealth from the 99 to the 1 percent), and for shipping jobs overseas.

The primary US export is American jobs. The difference between the old and higher US wages and the new lower overseas wages is redistributed to the 1 percent via higher profits, surging share prices, and mounting dividends. The rich get richer, while the middle class sees a reduction in jobs, pay, tax revenues for schools, fire, police, road maintenance, and more, and all of that “more” is negative, for the 99 percent.

Currently, the Obama regime is negotiating the Trans Pacific Partnership (TPP), the largest income redistribution treaty of all time, and it’s being negotiated with an eye toward exactly that. Obama is being helped by the entire Republican Party, and many Wall Street Democrats such as Senator Ron Wyden, an always loyal and corrupt servant of the 1 percent.

Don’t believe me? Check out the video below.

The point here is the challenge of meeting the needs of the nation, of creating US economic vitality, as EPI pointed out above, is an issue of money in politics because with such obvious economic decline as experienced by most of the 99 percent during the last 34 years, President Obama (along with the help of key Republicans and Democrats in congress) is planning on doing the same old thing in ramming the TPP through congress.

Albert Einstein reportedly said the definition of insanity is “doing the same thing over and over again, and expecting different results.”

Obama and the congress people who support the TPP are not insane, nor are they stupid, they’ve merely been corrupted by big money, such as Wall Street and the Koch Brothers.

And that’s the big challenge facing the 99 percent today, because money in politics is precisely why the government has been redistributing you and your children’s future, as well as your income, and tax dollars to the 1 percent over and over again for thirty-four disastrous years.

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What Has Higher Education Become?

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What will you achieve if you take out student loans, go to college, improve your skills and get ahead of your competition? For the first time in US history, you’ll most likely get a ton of student loan debt and join your competition in a place on a very long unemployment line. But the affluent will become richer, thanks to your debt. By the way, that’s something neither Republicans nor Democrats want you to know. Student loan debt is a scam to make you indentured servants for a very long time.

This is the new normal. Go to college, get heavily into debt, and become unemployed or underemployed. Blame free trade treaties. Those treaties are intended to redistribute income from the 99 to the 1 percent. Ship the jobs overseas, or negotiate a treaty that makes it easier to create jobs in lower wage countries. Pretty soon the jobs here dry up, and so does the tax base, resulting in government layoffs, such as police and teachers. Jobs gone. Just like that. But the difference between the old wages here and the new wages over there fly into the already fat wallets of the super rich, who then buy more politicians, such as Senator Ron Wyden, who then vote yes on more income redistribution treaties. That’s the whole game.

By the way, for every 68 or so blue collar jobs shipped away, or created overseas, another 32 jobs go overseas with them, and these are mostly white collar jobs that require a college degree. These include management, accountants, lawyers, bookkeepers, computer programmers, etc… Every one of these jobs shipped overseas has meant the loss of three other jobs in various local industries, many of which require college degrees.

This is why there are so many college educated people in the unemployment line.

Most unemployed Americans Attended at Least Some College

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According to a study by the Economic Policy Institute, “Median inflation-adjusted wages in 2000 were $629 per week for high school graduates and $1,030 per week for college graduates holding a bachelor’s degree but no advanced degree. Nine years later, median weekly wages stood at $626 for high school graduates and $1,025 for college graduates. For college graduates, the change equates to $1 per day less, based on a five-day work week. The Figure also shows that, contrary to popular assumptions, the wages of college graduates did not grow at a faster rate than for high school graduates.”

Good job Republicans! Way to go Corporate Democrats! Now they want to do that to us again!

Click here for "Another day, one less dollar"

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The most likely degrees with which to get a job

Do you want a job? One with prestige and maybe comes with enough money and benefits to provide a middle class living? Well click on the list below for the best four year degrees with which to get a job.

Click here for the five most versatile four year degrees

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The Most Effective Four Year Degrees Are?

What degrees are the most effective at getting a job in today’s miserable and getting worse in the long run job market? Check out the link below.

Click here for the best four year degrees

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