posted on Aug, 17 2012 @ 08:53 AM
With the influx of millions more on tax paid benefits, entitlement programs, the money has to come from somewhere.
Whom better to take it from, than the people who've already paid into the system, and now are in the position of benefiting from all those years
they've paid in. That is the easiest piggy bank to raid.
I've never made use of the student loan program, but know of some who did, many years ago. It was easier for them to pay them off, because our
economy wasn't stalled through federal boondoggles like it is now. The current student loan program has been taken over by entitlement programs. To
many, it's just another lemon to be squeezed, until it's dry. With no intention of ever paying it back. If you are in subsidized housing, on welfare,
you pretty much automatically qualify. If you know how to play the game. Hell, Our government even has agencies that do all the paper work for you
The whole system needs a complete overhaul. A forgive/default mandate, wipe the slate clean for those over a certain age, and reboot with strict
guidelines in place for new applications.
This attitude of kicking the can down the road has caught up with out of control spending. We've simply run out of road.
So, now we have financial cannibalism coming full circle on the retirement programs, and those who can least afford it.
edit on 17-8-2012 by Destinyone because: (no reason given)