Government debt

is frowned upon if you do not attend, but it shouldn’t be: nearly 50 percent of college students dropout. There is a lot of controversy on whether college is worth the effort, the time, and the money. It’s not, if you think about it, the Federal government has backed over $1 trillion in student loans to young adults who are unemployed, underemployed, and will likely never have the funds to pay it back. Society today thinks that college is the only way to be prosperous because in schools they…

A debt, according to Graeber, is a promise to pay. A promise that can be quantified by money. In other words a debt is a social currency, in which you trust someone to pay you back for a service or good. However promises, as we know, are not always kept. Similarly debt are not always paid back in full. A debt that I would have no problem paying back in full would be a loan from a family member. A debt I would have no problem not paying back is a government loan to a company to keep that company…

with their national debt over the years because they repeatedly borrow money for funding programs, paying off other debts, or to increase spending on military. Moreover, the United States government continuously borrows money they do not have, and this makes the future uncertain for the government and citizens too. Future generations will pay off the debt because there is no other way to obtain money unless the government borrows more or taxes the citizens higher. The national debt is also…

disruption caused by debt default. The sad reality is that it will take one or larger, involuntary economic meltdowns where debts are nullified, entitlements reduced or eliminated, and derivatives reigned in to put things back in order. The first such meltdown is expected to begin before the end of 2016. Reinhart and Rogoff are right. It’s no different this time. Except that this time there might not be a helicopter capable of pulling us to safety. Debt - the unscalable mountain Debt is…

Student Debt an Issue Facing Young Adults What is the biggest issue that faces young adults today from the ages of eighteen to twenty-five? It seems like this age group is always the one to face some form of struggle in their life. Some people think that it is money, employment, or social life, but the biggest issue young adult’s face is student debt. It is defines as money that a college student borrow either from the government, school, or a private loaner. It accounts for nearly 40% of…

in college tuition, which is driven by inflation. This is, therefore, causing some students to avoid college by opting for a job right out of high school or going to a less expensive 2-year community college. At the moment, I believe that the government is not doing enough to tackle the rising costs of a college education. There should be more legislation enacted to prevent a financial disaster in the future. Why is the cost…

something that makes everyone worry and sad. Right now in America there is a student debt crisis, colleges keep raising tuition every year while people aren’t making more money. The average undergraduate who borrows leaves school with about $30,000 in debt, which is manageable with a regular job. But that is not that case for Liz Kelly, a Missouri high school teacher and a mother of 4 who owes the government $410,000 in student loans. Liz Kelly’s circumstances are not unique, of the 43.3…

As anyone who’s been overwhelmed by credit card debt knows, it’s incredibly stressful to open the mail. Every batch of mail is bound to include a late bill notice, a letter from a collection agency, a utility bill with a past due amount or even just a regular old credit card statement with a balance that’s way too high. When you see how much you owe, and even worse how much interest you 're paying, it’s common to feel instant panic and depression. One study found that people who struggle to…

better. Even though it’s easy to apply for student loans, paying them back is difficult and stressful. Government seems to be generous when it comes to giving money, but when it’s time to pay back government does not take chances. Statistics have shown that Americans owe about 1.7 billion dollars in student debt. According to a Times article, But can America Afford this Approach to Solving Student Debt? that states, “It has made itself the primary bank for students and put in place an expansive…

stable (Greece Defaults on $1.7 Billion IMF Payment, 2016). Since 2008 Greece has suffered from a very serious debt crisis, the troika provided it with a 240 billion euro bailout, which came with strict austerity such as budget cut and tax increases. Apparently the austerity didn’t work well and caused a strong backlash in Greece. So that it was forced to make this unwilling decision. The debt made a country into a mess. It indicates that borrowing or lending money between two countries, or…