Tuesday, April 24, 2012

Time grows short

The president stoops to new lows. He urges students to deluge Congress in protest of coming adjustments in student loan interest rates.  It was Democrats in Congress that included the adjustment in legislation passed in 2007, but that's not the main point.

Loans used to be an agreement between lender and borrower with terms laid out at inception, and expectations that both sides would honor the terms.

Student loans have become a government controlled game, now openly manipulated as an election year ploy.

Too many have used loans to hide from the reality of our fragile and failing economy. Too many now think, even take for granted, a political fix will free them from the burden of repayment they've placed on themselves.

A harsh economic awakening lies ahead. And student loans are just a piece of the individual and government financial unravelings to come.

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