For anyone serious about markets and investing

[Flopper]

So we need another Inflation Reduction Act?

The federal government supports students seeking higher education at a cost of over a trillion a year. Also state and local government are spending billions of tax payer dollar to assist college students. The result is 83.5% of college students receive state or federal aid. However, most do not get enough to pay for college so they have to take out student loans. Today about 42% of the students go to graduate school. Since federal financial aid does not pay for graduate school they go even deeper into debt.

 

[jwoodie]

The federal government supports students seeking higher education at a cost of over a trillion a year. Also state and local government are spending billions of tax payer dollar to assist college students. The result is 83.5% of college students receive state or federal aid. However, most do not get enough to pay for college so they have to take out student loans. Today about 42% of the students go to graduate school. Since federal financial aid does not pay for graduate school they go even deeper into debt.

Ergo...?

 

[Flopper]

Ergo...?

There is no easy solution. The political ramifications of eliminating or cutting federal aid to education or eliminating government guarantee of student loans makes it almost impossible. It is the same problem we have with federal support of healthcare. It is too deeply rooted in our society to eliminated it.

 

[JohnDB]

So we need another Inflation Reduction Act?

Not "another" one...a very different one.
One for the average citizen...the ones we have the most of.

They have the same "power" and economic ability as the top 2%....but it would help them more during this time. The top 2% don't need the help. They can and will make money in global marketplaces...wherever they can.

 

[JohnDB]

Reports on people getting 60 days or more behind on payments is rising....

Credit defaults are a better economic indicator than anything else (considering how the other numbers are being fudged lately)

And every indicator says we are heading for a HARD Landing (crash) very soon....especially as the Fed keeps raising rates to stem off inflation.

The average consumer can pull us out of this but it doesn't look like the powers that be are going to allow it.