A era of younger folks had been instructed they have to earn a school diploma to compete in a worldwide workforce, however the rising price of post-secondary schooling left college students no selection however to borrow more cash than they might pay again.
At this time, the coed debt disaster has left over 45 million Individuals in a mixed $1.7 trillion in debt. Nearly 25% of debtors have defaulted or struggled to pay again their loans. Faculty debt and poor credit score scores preserve folks from shopping for properties, beginning companies, and circulating cash into an financial system already strained by the COVID-19 pandemic.
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The Biden Administration may have the ability to cancel scholar debt. Whereas his administration is prone to face congressional gridlock over a protracted listing of points dividing the nation, scholar debt cancellation is an achievement inside grasp. If Biden and his secretary of schooling refuse to behave, there might be an exodus of left-leaning younger Individuals from the Democratic Social gathering.
Struggling folks can’t wait any longer. If Biden can’t ship, we should stroll away.
Matthew Downing, medical scholar, Rush Medical Faculty
Honest Tax loss and belief
I principally get pleasure from studying Phil Kadner’s musings. However I want to reply to the extent of duty he placed on the governor for the failing of the Honest Tax proposal.
I’ve no manner of figuring out the chances of failure in Illinois Division of Employment Safety. I really feel for individuals who struggled to get the assistance obligatory. However when my spouse misplaced her job, the method went easily. There’s at all times want for enchancment and I belief the issues proceed to be addressed. And that’s what’s at subject…Belief.
It’s true that our flesh pressers have made some bone-headed strikes previously that we’re paying dearly for. For these unfunded pension obligations and corresponding mismanagement of departments, we are going to proceed to pay a price. However this has been the drum beat of Republicans for many years. If their reply was Bruce Rauner, then they need to stay that down. We’d like options and reform, not a easy doubling-down on mistrust.
Political losses happen primarily out of messaging. And that started greater than 40 years in the past. Keep in mind President Reagan’s cynicism throughout the debates concerning the dreaded 9 phrases: ”I’m from the federal government and I’m right here to assist.” That message has been endlessly pushed dwelling by Republicans as a method to undermine authorities.
Campaigning towards politicians is the simplest, most insincere methodology of denying reform. It’s simple to be towards one thing however far more tough to supply practical options. How does “I’m from Citadel and I’m here to help” sound? They don’t have any inclination to assist society.
This marketing campaign was a part of their ideology and technique to realize “consistent investment returns for their clients.” When an oligarch like Ken Griffin and others determine to fund a marketing campaign just by being towards authorities, all we’re left to do is say thanks. Thanks in your constant efforts to hurt the state.
Peter Sjoblom, North Park