A Generation of Students in Debt

By the end of the year, the student loan debt will surpass $1 trillion. Thats more than all of the credit card debt combined.

Young college students accept home mortgage size debts before they even have a stable income.

With the passing of the 2005 bankrupcy bill, a student cannot be discharged from a loan debt even if they declare bankrupcy.

So now what? America has created a generation of wage slaves. And with the student loan bubble as the next to break, the payers will be suffer the consequences.

With the unemployment rate skyrocketing, most of these students do not have the means to pay. And if they do win decent jobs, most of their earning will go toward paying their student debt. So in other words, the banks will win fabulous profits.

The heart of the problem: American students have been scammed. Fooled into thinking that a pricey education is key to their success, they have signed away their financial freedom. These for profit colleges have pushed students into crushing debt.

Ever since Goldman Sachs bought the for profit college chain in 2006, things have looked sketchy. Its yet another example of how rich and powerful institutions exploit the young, the minorites and the poor for a profit.

And then we wonder why people march in the streets

Four billionaire vultures to pick the next American president

Check out the link on truthout.org

The pointless war in Afghanistan

Ten years of war and wasted time. After $450 billion spent, 1600 dead and 15,000 seriously injured soldiers, America has not achieved its strategic or political goals.

Even the US installed Afghan leader Hamid Karzai said that Americas war has been “ineffective, apart from causing civilian casualties.”

America is unable to stabilize Afghanistan because of ethnic politics. The minorities, Tajik, Uzbek and Hazara, oppose the Pashtun majority.

Most of the members of the police and army forces and Tajiks and Uzbek, causing unrest among the Pashtun. They see the other ethnic groups as bitter enemies.

And on top of this, Afghanistan produces 93% of the worlds heroin. The drug business there is booming, and is backed by high government officials and US backed warlords. So the US is backing the worlds largest narco state.

The war in Afghanistan has lasted longer than the two world wars. And it seems like the US has no plans of backing out soon. They recently started building an $800 million dollar embassy in Kabul...their largest embassy in the world.

The US faces the possibility of defeat or stalemate in Afghanistan. To save face, they have been trying to force India into the conflict, insuring the region another decade of suffering and misery.