The old saying "the Haves versus the Have nots." While the rural landholders and country folk see their long hard life of tilling the soil result in the discovery of black gold, the urbanites, mostly of the "entitled class" (not to be confused with entitled to one's pension) are now marching in the streets. They say the Doctors should only get $24,000 a year and the Lawyer $23,000. What should the landowner with the oil well get???
The War has begun
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Ahhh, actually you are mostly wrong in stating that the Federal Reserve Board is a gov't regulated entity. It is easy to find this out, but here is a snippet from Wikipedia..."...... the Federal Reserve is independent within government in that "its decisions do not have to be ratified by the President or anyone else in the executive or legislative branch of government."
You are absolutely right about their role and who they are though.
I think those that listen to Fox news are more in tune with this concept than the average person who despises Fox.
First: not everyone needs or wants a University degree to earn a good living. We taught our kids that the education you pay for is for you and MIGHT be a bonus when looking for a job.
Second: the Universities have raised tuition every year well over inflation. The unions have made the Public Education field (k-grad school) one of the best paid government careers. If you want to complain then Occupy the Campus seems to be a better choice. The Feds have hired collection agencies and now want to allow cell phones to be called for Federal Education Loans.
Third: as for banks and housing. Change your bank and purchase a home you can afford. You home is not your piggy bank. Many of us have homes that we can afford. The bigger the house the more "stuff" it needs and all that "stuff" tend to come from other countries.
We need to use what we have here and not expect to be given everything we want. I believe that if we use the gas, coal and oil that we have here and start giving our small and medium mfg's a break from regulations ( yes even from the min wage after all unemployment comp for low wage earners is lower then the min wage) we as a country will rebound with good jobs and see growth. Lets get the states to reward the job creators and not the people that have found a way to game the system.
Absolutely! We are all sucked into this "you have to go to college mode". The University costs are out of hand and it is too easy for young people to borrow and the banks actually offer a lot of extra borrowing for living expenses, etc. I think that's where the debt really piles on, when they borrow to live. Why not a job instead? That's why the community colleges are such a good way to start. My kids have and will continue to attend there first. I was carried away earlier when over worrying about my older kids education debt earlier. I just hate the idea of any debt, especially for ones so young, but it works for them and it was their choice. Thankfully they did not fall for the credit cards applications that were sent daily. How can an 18 year old with a part-time job qualify for a $1000.00 line of credit? I think the 2 years at community also give them the opportunity to really decide what they want.
Absolutely agree with housing also, except I think a house is still a good long term investment. But it must be affordable!
Btw, Robin, one of mine graduated from Temple. Another wants to go there next year.
Nice post Brian,
I'd like to add one more thing.....Impose a 2 term limit on ALL elected officials. Which I believe would solve even more of the inherent problems we have been experiencing.