Hello Bat Country and welcome to the show. Today we have some ass-sore news for you so break out the inflatable donuts and prepare to be pissed.
Congress has passed resolutions to double the interest rates of college loans. Not only does that fucking blow worse than a New Jersey drag-queen off I-95 turnpike, but college loans are the largest debt for all Americans. These loans are topping out at over a Trillion dollars. That’s right, a Trillion dollars!
But it doesn’t stop there folks. Beginning July 1st of 2012, there will be no longer be subsidized loans for graduate students.
The most maddening part of this debacle is it is the same old tactic being used by politicians. Nutjobs like Virginia Foxx make students out to be free loaders.
She states, ” I have very little tolerance for people who tell me that they graduate with $200,000 of debt or even $80,000 of debt because there’s no reason for that. ” No reason? How about college tuition has increased by 700 percent since 1978! That is ten years after this fossil graduated college. But it’s understandable how she could be so confused. From the Huffington Post, “According to the National Center for Education Statistics, in 1968, the average yearly cost for tuition, room, and board for a public university was $1,245. ”
Maybe you are thinking to yourself, “Well Bat Country, I don’t want my tax dollars paying for someone else’s college.” Well Einstein, who is actually paying more when you keep the poor people from going to grad school? You are! “Why?” you ask? Because, people who go to grad school will graduate with their masters, Ph.D or M.D. degrees. That means, they have higher paying jobs. That means, they will be the middle to upper middle class that will pay more taxes. If you eliminate the ability for people to gain higher paying jobs, there will be less of a tax base and thus, more money from us in increased taxes. There will also be more cuts to your grandmother’s medicaid for her psychiatric drugs and Social Security. That’s right champ, your elderly mother will have to move back in with you. That’ll sure set the mood the next time you want to have your wife suspended from the ceiling in bondage.
Unless you like your mothball smelling grandparents and parents all up in your shit, you need to start voicing your opinions in defense of student loans. It’s time that we cut off the welfare gravy train for the wealthiest people in our country and start taxing them before morons like Virginia Foxx FUBAR our country.