Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
Written by Gary North on October 16, 2012
This video interview posted by the Wall Street Journal talks about parents’ debt. We know about what students are personally taking on. The average debt is $40,000 at age 23, with no bankruptcy protection. But their parents are matching them. None of this is necessary. College need not cost over $15,000, total. But parents are […]
Continue reading →Written by Gary North on October 12, 2012
The figure is staggering. It was released by FICO, which surveys Americans’ debt position in order to issue their credit ratings. Students are amassing debt as never before. Some students are taking out two loans. This figure has risen by 90% since 2005. The percentage of adult Americans with two ore more student loans is […]
Continue reading →Written by Gary North on April 24, 2012
The job market is rotten. College grads cannot get anything except fast food jobs. Meanwhile, they have $25,000 of debt. The Associated Press looked at the data published by the government. Kids with degres in science and engineering can get jobs. Median wages are down from 2000 in the liberal arts. Andrew Sum, director of […]
Continue reading →