George Carlin On The American Dream
The late dystopian sage hits the nail on the head once again.
The late dystopian sage hits the nail on the head once again.
The Article: Chart of the Day: Student Loan Debt Is Skyrocketing by Kevin Drum in Mother Jones.
The Text: You’ve probably seen this chart before, but it’s worth seeing again: Student loan debt is just flatly out of control. I understand why this has happened, and I understand why it’s hard to get a handle on, but we’re going to regret it if we don’t do something about this. We’re training a whole generation to be wary of going to college, and for those who do, we’re forcing them to start out their lives living under a mountain of debt. This is a recipe for disaster. More here from Maggie Severns.
It’s also yet another fault line between young and old that’s not likely to turn out well. My generation got a cheap college education when we were young, and we’re getting good retirement benefits now that we’re old. Pretty nice. But now we’re turning around and telling today’s twentysomethings that they should pay through the nose for college, keep paying taxes for our retirements, and oh by the way, when it comes time for you to retire your benefits are going to have to be cut. So sorry. And all this despite the fact that the country is richer than it was 50 years ago, and will be richer still 50 years from now.
For once the two supposedly controversial thinkers agree, albeit on foreign policy-related issues.
Patches of green have been popping up throughout the country for a few decades now. Unfortunately, federal authorities have proven relentless in their prosecution of state-law abiding individuals and their pursuit of the un-winnable war on drugs.
The Article: US Inequality Now Literally Off the Chart by Salvatore Babones in Truth Out.
The Text: It is well known that the level of income inequality stretches much higher in the United States than in the other developed countries of Europe and North America. Now a report from the International Labour Organization shows that U.S. inequality has literally gone off the chart.
Income inequality in the United States is soaring so high, in fact, that the authors of the ILO’s new 2013 World of Work report couldn’t even place the United States on the same graph with the other 25 developed countries their new study examines.
Income inequality reflects the sum total of all the differences between the incomes enjoyed by different households in a country. Differences between rich and poor households, rich and middle-income households, middle-income and poor households all enter into total income inequality.