[lbo-talk] US immiseration

Dennis Claxton ddclaxton at earthlink.net
Tue Mar 6 11:55:43 PST 2007


James wrote:


>Well, I am not sure what unmanageable means in this context. Presumably the
>colleges would not put on courses if they did not get paid. And presumably
>the banks would not make the loans if they did not recoup some money. So,
>yes, I assume that the degrees are paid for, by the students or their
>parents.

It means you're accumulating a huge debt before you even know how to drink.

Interesting that you say colleges and banks getting paid means things are manageable. You leave out the twenty-something with a thousand dollars in debt for every year of life.



More information about the lbo-talk mailing list