Study By MIT Economist: U.S. Has Regressed To A Third-World Nation For Most Of Its Citizens

YossarianJohnson

America divided – this concept increasingly graces political discourse in the United States, pitting left against right, conservative thought against the liberal agenda. But for decades, Americans have been rearranging along another divide, one just as stark if not far more significant – a chasm once bridged by a flourishing middle class.

Peter Temin, Professor Emeritus of Economics at MIT, believes the ongoing death of “middle America” has sparked the emergence of two countries within one, the hallmark of developing nations.

In his new book, The Vanishing Middle Class: Prejudice and Power in a Dual Economy, Temin paints a bleak picture where one country has a bounty of resources and power, and the other toils day after day with minimal access to the long-coveted American dream.

In his view, the United States is shifting toward an economic and political makeup more similar to developing nations than the wealthy, economically stable nation it has long been.

Temin applied W. Arthur Lewis’s economic model – designed to understand the workings of developing countries – to the United States in an effort to document how inequality has grown in America.

The parallels are unsettling. As noted by the Institute for New Economic Thinking:

In the Lewis model of a dual economy, much of the low-wage sector has little influence over public policy. Check. The high-income sector will keep wages down in the other sector to provide cheap labor for its businesses. Check. Social control is used to keep the low-wage sector from challenging the policies favored by the high-income sector. Mass incarceration – check. The primary goal of the richest members of the high-income sector is to lower taxes. Check. Social and economic mobility is low. Check.

Temin describes multiple contributing factors in the nation’s arrival at this place, from exchanging the War on Poverty for the War on Drugs to money in politics and systemic racism. He outlines the ways in which racial prejudice continues to lurk below the surface, allowing politicians to appeal to the age old “desire to preserve the inferior status of blacks”, encouraging white low-wage workers to accept their lesser place in society.

“We have a structure that predetermines winners and losers. We are not getting the benefits of all the people who could contribute to the growth of the economy, to advances in medicine or science which could improve the quality of life for everyone – including some of the rich people,” he laments.

The antidote, as prescribed by Temin, is likely a tough sell in today’s political climate.

Expanding education, updating infrastructure, forgiving mortgage and student loan debt, and overall working to boost social mobility for all Americans are bound to be seen as too liberal by many policy makers and voters alike.

Until the course is changed, he warns, the middle class will continue to fade and America will remain unsustainably divided.

Comments (81)
No. 1-50
johnmattinen
johnmattinen

small family ethic for 2 generations like China, one baby every ten years. or one child policy

Pareto
Pareto

End the Federal Reserve

joepah
joepah

If the economy falters Socialism is usually the first cry.. However, it didn't have much pull during the last 2008- recession. It will take total social upheaval to change our economic model where the top 10% own 90% of the wealth.

Holly
Holly

We the People are in many ways responsible. Lack of interest in politics. Many people were too comfortable with the status quo to vote and little by little our rights started to slip away. We can still turn it around Vote! When representatives stick questionnaires in your mailbox, fill the damn things out. Usually takes 10 minutes. Let's not get too obsessed with a college education - having a trade and working with your hands is no disgrace and these folks are always in demand. Remember we outnumber these rich bastards. Big example - St Patrick's Day Parades were started in our urban areas in the 19th Century to show the leaders just how many Irish rhere were among us.

JBSteel
JBSteel

The reason America is now a 3rd World country is right-wing policy has dominated since the Reagan Era. Ronald Reagan began the destruction of the American middle-class and every republican economic policy is aimed at increasing the wealth of the super-rich at the expense of the American working class.

rubymeadow
rubymeadow

Birthrate in U.S. is already less that two children per woman. Problem isn't population.

rubymeadow
rubymeadow

Agree with you JBSteel

Thordog
Thordog

We are headed for a bitter harvest..."The Grapes of Wrath". When we needed a rejuvenation of the " New Deal".... what they voted for, was the "Big Deal".....

MartininCT
MartininCT

Only one thing went wrong. We bailed out the banks and big money in the Great Recession. Had we not done that mass amounts of wealth would have been eliminated and a new growth process from the purge would have begun. Prices would have fallen dramatically as well. Instead we propped up the high risk taking money class who would have finally lost it and did so on the backs of everyone else.

TTornados
TTornados

Bailing out wall street's big wigs, the auto industry, Salle Mae and other likes doomed middle America.....

marcusinsd
marcusinsd

Reaganomics, neoliberalism, and the military-industrial-financial complex. Low corporate tax rates (Reaganomics) shifted the incentives from paying workers more, investing in plant and equipment, and doing research and development to increasing profits to be used for corporate share buy backs and increasing dividends to raise the price of corporate shares and to pay top management more money and corporate shares. This has caused a huge outsourcing of industries with good paying jobs to low wage countries. Outsourcing has reduced high paying jobs and increased competition for low wage jobs. Opening our markets to unlimited trade has put pressure on local labor wages to ratchet down to match countries with low wages. Both political parties support low corporate income taxes. Both support paying high tech managers very high salaries. Both support the military-industrial-banking complex. Both support Big Business. Both do not support benefits for the poor, the sick, or the prisoner. Neither party supports education for the poor and lower middle class. There has been a shift from supporting public schools to putting children of wealthy families into private schools while letting public schools falter and fail. Infrastructure has been allowed to deteriorate. All of this works to the disadvantage of the poor and middle class. Finally, unending waste since 2003 in the Middle East has eroded the standard of living for lower an d middle class people. Finally the bottom 80% own 7% of the wealth in this country. The top 1% owns 50% of the wealth, especially corporate stock and bonds. Our policies have created a Central American oligarchy / plutocracy that has militarized our police forces and uses domestic spying by all levels of government. We are living past the good old days when high corporate taxes and a devotion to democracy were the norms of our society.

lexbot99
lexbot99

Aside from the stupid wall, Trump also promised to get us to 15$ an hour. Which I knew was a lie. Hillary would have kept her promise to raise the minimum wage and tackle Education! He doesn't seem to keen on keeping that promise, or his promise to help our schools. Instead, he settled the case against him for his racket of a school but not close to enough to make up for the people he screwed over! Our Country needs impeachment proceedings to begin as soon as we find the DNA on Stormy D's dress, or as soon as anyone of his enemies come forward with the truth about him. He's a criminal and needs to be stopped! He's making a ton of $$$ off this presidency! It'll all be there once he takes the reigns of his companies again. He flirts with Nepotism and many questionable activities. He's slicker than shit on a linoleum floor! He's put this country in danger at almost every turn. It's time he has his day in court and the rest of his life in Prison! I have a hard time believing with all the contact he and his Nepotistic family had with Russia that they were not aware of any of it? I don't believe it! Why is he firing people and shutting people up and approving or not approving questions in an FBI investigation? What's that about?

Wise Man
Wise Man

Robots.

Emine
Emine

So, no mention of the obscene military spending?

v0lum3
v0lum3

That's NOT what third-world means. Someone needs to educate your journalists a bit better.

Spontaneous Order
Spontaneous Order

Federal government has grown ten times faster than our economy since the 30s. The Parasite has outgrown it's host's carrying capacity.

Alex123
Alex123

End immigration. This is the root cause of every symptom that is causing the problem here. Immigration causes unemployment, underemployment. high tuition, unaffordable housing, high taxes, higher crime, etc.... If anyone tries to discuss the economic woes like this but leaves out the primary role of immigration in bringing it about I see it as just controlled opposition.

Non-partisanguy
Non-partisanguy

The unchecked growth of a unionized public sector. Foreign aid, wars, Federal Reserve and Banking Fraud, and ridiculously bad trade deals (NAFTA, TPP) are the causes of this decline. Been going on since the 90s tech bubble burts.

tenina
tenina

Teal Postula great article on why conservatism. below...my comment: This may be why conservatives are so obsessed with the competition of " winners" and "losers". It is a need, in fact a responsibility, to them to be a "winner" vanquishing all threats. In former times liberals dispelled the fear from harm by emphasizing " the common good" solidarity in mutual care and protection. in the past 50 years the Democrats have emphasized identity politics ( which though laudable for working to bring neglected minorities into the common good),has had the unfortunate collateral effect of providing conservatives the platform to further divide people in fear of eachother's minority identities. Liberals must get back to strongly emphasizing the COMMON GOOD, including assuaging the fears of many conservatives, in order to bring this nation back to sanity.

Dave5555
Dave5555

It's much more complicated imo. Within both cultures in the US, low wage Middle America and the more wealthy and economically successful coastal regions, we have a 'haves and have not' division. In Middle America a registered nurse might make a decent enough salary to own a nice home, a two income household with this level of pay can thrive. In NYC or SF they cannot even afford to rent a studio apartment these days. Consequently, homelessness and other struggles are a part of life all over the country. That's just one of many examples. It's unfair wealth distribution. $10 per hour in the South or Midwest might go much further than $15 per hour in ultra-expensive, urban areas.

Denialawareness
Denialawareness

The more divided and destitute the country is, the more easily "taken over" by a conquering nation. I learned that in elementary school; the example being the former soviet union. I believed that it would never happen in my country, but, although it has taken the Russians many years, they appear to finally be succeeding, having set up their puppet in the White House. Meanwhile, they continue to reinforce the gun mentality, where everyone is your enemy, and minorities, women and other oppressed people are to blame for all of your personal ills. This plus the increasing lack of meaningful connection with others creates a perfect scenario for a take over.

Rmw
Rmw

None of that is actually based in fact. I strongly urge you to do some research on this topic. You seem to just be regurgitating old tired tropes aimed to demonize immigtants in an effort to distract us from the real problem: the rich are robbing us blind.

Wileyone
Wileyone
  1. Immigrants are not taking the jobs that you or I do. So, you’re argument that immigration causes unemployment or underemployment is lacking in support of what jobs those who come to our country illegally or legally seeking asylum do. Those attending college on student visas pay international costs and do not qualify for “American aid” and therefore, do not affect the rising costs of tuition. Those who are here illegally and attend college pay out of pocket and again, do not qualify for assistance. The rising costs of tuition in America is due to huge amounts of defaulting student loan borrowers as well as institutions increasing administration in those schools as opposed to putting money into faculty and services.

Crime in our country is largely purported by people in this country.

I would also like to say that if you are not Native American, then you too, are a product of immigration.

Our issues in this country is our government..plain and simple. Not republicans, democrats, or liberals, but our bought institution that controls our country. Therein lies the issue.

Saille
Saille

Nonsense. Unions are one of the few ways low income workers get to have a say in wages, benefits. The death of Unions has meant the death of the Middle class.

ncmathsadist
ncmathsadist

What flapdoodle! Deunioniization is a big fat reason the middle class is on the skids. Yeah, in your hallucinatory world, where corporations have huge market power, the individual is going to negotiate great salary and bennies. Thinking like this is a big part of the problem.

Blinky13
Blinky13

Www.blinky13.com

This is so very true we live through this everyday we are two families living in travel trailers trying to make it work check out my blog

Crankyoldone
Crankyoldone
(deleted message)

Mark I get where you're coming from . Personally our biggest problem is the corporate takeover of America . Free markets are the answer . Your broke but make a damn good burger can you open up a stand ? Hell no ! Burger king might lose $ . And lets not forget taxes & licensing all paid to corporations . Its funny how the Hispanic can get a cart and sell whatever food stuffs they want but your 8 yr old American child can't have a lemonade stand without paying the piper . Seems they turn their heads when immigrants brake "laws" . More divide & conquer tactics . Just because you pay a criminal organization for a license does not guarantee that someone didn't spit in your food . We need free markets and the ability to choose who gets our $ . Being a libertarian I reject the notion of asking permission to do business heck I reject asking the corporate thieves for permission for anything.

pmahcud
pmahcud
(deleted message)

Such a long diatribe and all it describes is a cliched right-wing talking point treatise with nothing but fantasy to support such tired arguments and the usual absurd simplification of rampant free market capitalism vs communism, and one wonders in what ivory tower do YOU live?

If what you say were true, European countries would be at the bottom of the list of 3rd World countries due to the fact that their governments make health care and education affordable, while not pissing insane sums of money on military industrial complex overkill. Haven't we enough nukes already to obliterate all life on earth?

Can you cite one successful example in the history of civilization whereby a society simply depended on everyone to become successful on their own? Ayn Rand proved the myopia of libertarian utopia long ago when she fell fatally ill and depended on the government for her Social Security and Medicare benefits, yet her most staunch supporters aim to wipe those programs out.

Calling the social safety net communistic is sheer ignorance as is blaming it for the demise of the middle class, when, in fact, it all started when a B movie actor became president and imposed what George Bush at the time called "Voodoo Economics," the same trickle down tax slashing insanity that has again happened because the filthy rich Koch Brothers, who inherited their daddy's fortune made in Soviet Russia blackmailed the GOP-controlled Congress to vote on the even greater tax-slashing bill of our latest grossely unqualified reality TV star president, who inherited his fortune from his daddy and who is a puppet of Russia.

The fools who tossed away their money on Trump University are the same as the millions who buy into such fantasy, while people saddled with outrageous student debts, medical and pharmaceutical bills and who haven't been born into affluence will never be saved or motivated by tax cutting which will end up on their shoulders again the next time a too big to fail bank needs a bailout. Trump has scammed on this country with the tired bankrupt ideology people like yourself still buy into but it never has and never will work and most Americans have figured this out.

Blink182
Blink182

I am a disabled individual who tries to work as much as I am able. I work and strive for that elusive American Dream and you know what it's gotten me? Poorer and poorer no matter what I do. Every time I try to make progress the system shuts me down. The only people who say that you can "pull yourself up out of poverty if you work harder" have never had the experience of true poverty. I am not talking about being a little late on a bill or having to rearrange your stocks. I am talking about systemic forced poverty so that the lower class can stay where they are and be a good low-wage working force to further the rich. The poor are always the target and heaven forbid they get some assistance so they don't starve to death. Right wing war mongers, the ones who want to arm the teachers, the ones who take health care from the disabled, elderly, children and babies...the ones who thing trump is awesome because he is rich and sits on a gold toilet tweeting insanity..those that would keep all the poor from making it in any way they can by opposing any and all aid that would help give a step up so those who were born with less or no pluses in life could perhaps start a little business or something. You know why people don't just go "out and buy a little cart if they can make burgers?"

Blink182
Blink182

Because you have to have money to buy a cart, you have to have money to do advertisements, you have to have money to buy the food and supplies. If you are living on subsitnance how can you even start anything when you have nothing to start it with and are busy starving to death????

Blink182
Blink182

Because of this sick society I owe over 20,000 dollars in medical bills, haven't seen a dentist in years, have not had a car in a decade, can't afford food many times, have to pay to work because of forced poverty via social programs and their elitest attitudes and meanwhile have to take the abuse of rich, white people in power who like to put us down???

Blink182
Blink182

AND I get to see YOUR president and my nightmare walking in and adding more stress to us b/c he has never had to work hard for anything in his life? can just borrow money from daddy to buy that burger cart right??? This society makes me so fucking sick!!!!

Morgaine
Morgaine

"two Americas (famous Obama campaign line)"

Nope. Two Americas goes all the way back to the Kennedy Administration, when Michael Harrington (who wrote the BOOK The Two Americas) advised him and later Johnson on the War on Poverty.

Your utter lack of knowledge and understanding about what you say reveals the typical ignorant arrogance of the PWM misogynist right-wingers-- now TERRIFIED b/c their unchallenged control of society is, finally, coming to an end.

Oh, to have the confidence and privilege of a mediocre white man in the USA :O

LOL

Bobalexander
Bobalexander
(deleted message)

The greatness of our country came from a balance between capitalism and social
programs. Look at the great results of the GI Bill. Look how Social Security and Medicare alowed our seniors to live well in their old age. No one wants to stop capitalism. Yet when capitalism works as planned workers lose their jobs from productivity inprovements. What good is it being wealthy if you have to walk over other Americans? People like you don't care for the middle class, so why should they listen to you. The conservative working class will find out soon enough that your promises just didn't pan out.

Kay54
Kay54

All of this started long ago, but it was Bill Clinton that took the Democratic party to the extreme right. Clinton exploited racism and bigotry in the working class to get policies of hate passed against the poverty stricken with welfare reform (no reform at all, it was gutted) and the crime bill, the new Jim Crowe, putting minorities and poor whites in prisons for profit. Then came NAFTA, that hollowed out the manufacturing base of America, taking 55,000 plants and 600,000 + jobs with it. He also repealed Glass Steagall, deregulating banks that led to the 08 crash... Funny Democrats just voted to do the same with Dodd Frank setting us up for the next inevitable economic collapse. Then Bush and the faux war on terror. We find the terrorists. Bush was a psychopath and the nail in the coffin to America with endless war for which Obama continued against five more countries. He also expanded the police and security state, removed more of our, privacy rights, civil rights. The man who won the Nobel Peace prize, dropped 30, 723 bombs in 2016. He also cut food stamps eight times, cut housing assistance and the program for hearing to help low income Americans pay their heating bills in winter and summer time. Whatever is left of the safety net, Trump NEOLIBERALS and neocons will gut. And Russiagate, initially to cover up Democratic party primary rigging and election fraud has now turned into manufacturing consent for war against Russia. Th US elite gives not one damned about us. And if we do not wake up soon a third world war will meet us our end. War has go us 22 trillion in debt with the DOD missing 8.5 trillion more....wake up. Not much time left. Read global Research.. great site to understand what is going on and free from corporate media propaganda

Interested
Interested

Everyone's opinions are very interesting here. I remember in 1950, growing up with my grandparents in swampy land, Florida, they had very little money. But, because they could go fishing in local streams, grow their own food, make their own clothes, raise their own chickens, have their own fruit trees, have a little piece of land, practice their own medicine with herbs, i..e, self-sufficient, they had good lives. Now most of those streams are polluted or on private property. Not everyone wants to be rich, this was never an American dream until Reagan. I feel Americans are not educated. Look at the Amish, I always say that they will inherit the earth because they are in community and can take care of themselves.

Interested
Interested

PS: We never had a gun, even though we lived out in the country next to an alligator-infested creek.

NatTheCat
NatTheCat

My experience as a woman hasn't been much better. Always working hard and getting paid shit wages. Even had employers cheat me on pay more than a few times in various unhanded ways. Have three degrees, but couldn't find work after the "Great" Recession. Lost everything, my savings, my tiny little IRA and, apparently my right to ever have another full time job even at the low end of the scale.

And I know what you mean about how the social programs treat you like crap, like when I was studying to be a home health caregiver through the state. Hard physical work, low pay and horrid employee relations.

We've been killing off our Middle Class for 40 years now and creating millions of poor. Poor peeps make good slaves I guess. I sure wish we'd stop putting up with this shit tho . . .

enriquewoll
enriquewoll

ABOUT THE PAST AND FUTURE OF IMMIGRANTS

Often, the children of immigrants, even of legal immigrants, suffer the slings and arrows of the crippling discrimination visited upon their impoverished parents. No race, no color, no national origin, no educational level, nor any other criteria, could ever justify their suffering. I have seen this firsthand. No employment, means no income; no income, means inequality; inequality, means poverty; and poverty, far too often, means suffering that feeds and thrives on itself.

Given the inordinate nature of presidential power, the world, more than ever, is at a tipping point, at the brink of recovery or conflagration, because of rudderless leadership and the potentially explosive problem of inequality. God help us all.

Patriotgyrl65
Patriotgyrl65

And, my folks were like that, only they were in Vermont. Our families did okay during times like the Depression, because back then, families stuck together. Everyone contributed to the welfare of their family--even the smallest of children. . .they even had chores, even if it was just holding the basket as grandma collected the eggs from the hen house for that mornings breakfast.
In the 70's when I was a kid-I was taught from an early age how to grow food, how to take care of animals, how to cook. So many people today have never been taught these things. Most families today cannot afford to have a parent or grandparents stay home with the children to teach these basic lessons, that are going to be sooo important to know in the next few years. Those of us that know these things, are going to have to teach the others. If we don't--they will die. And I really don't want that on my hands.

Predictable
Predictable
Kay54
Kay54 said: All of this started long ago, but it was Bill Clinton that took the Democratic party to the extreme right. Clinton exploited racism and bigotry in the working class to get policies of hate passed against the poverty stricken with welfare reform (no reform at all, it was gutted) and the crime bill, the new Jim Crowe, putting minorities and poor whites in prisons for profit. Then came NAFTA, that hollowed out the manufacturing base of America, taking 55,000 plants and 600,000 + jobs with it. He also repealed Glass Steagall, deregulating banks that led to the 08 crash... Funny Democrats just voted to do the same with Dodd Frank setting us up for the next inevitable economic collapse. Then Bush and the faux war on terror. We find the terrorists. Bush was a psychopath and the nail in the coffin to America with endless war for which Obama continued against five more countries. He also expanded the police and security state, removed more of our, privacy rights, civil rights. The man who won the Nobel Peace prize, dropped 30, 723 bombs in 2016. He also cut food stamps eight times, cut housing assistance and the program for hearing to help low income Americans pay their heating bills in winter and summer time. Whatever is left of the safety net, Trump NEOLIBERALS and neocons will gut. And Russiagate, initially to cover up Democratic party primary rigging and election fraud has now turned into manufacturing consent for war against Russia. Th US elite gives not one damned about us. And if we do not wake up soon a third world war will meet us our end. War has go us 22 trillion in debt with the DOD missing 8.5 trillion more....wake up. Not much time left. Read global Research.. great site to understand what is going on and free from corporate media propaganda

How many errors am I permitted in my next 22 lines. Hopefullly, at least as many as Kay54, beginning with the ludicrous notion that Bill Clinton took the Democratic party to "the extreme right." Were you there in Chicago in 1968 when Democrats laid open their intellectual abdomen and bled to death with the Vietnam War as the backdrop? It was Clinton who was able "to get policies of hate passed against the poverty stricken with welfare reform?" Who is it who doesn't understand Temporary Assistance for Needy Families, insisting that it forced adults in "welfare families" to work? In fact, millions of welfare recipients -- adults who had lost their jobs or their job skills, as well as their children who were being marginalized in school -- were able to advance their education and employment talents by satisfying what you call "the work requirement." Follow those discussions with clarification and conclusions on the many other mischaracterizations herein -- crime bill, prisons for profit, NAFTA, Glass Steagall repeal, faux war on terror (within weeks after 9/11/2001, expanded police and security state, removal of privacy rights/civil rights, Obama's eight cuts in food stamps/housing assistance/heating assistance, neoliberals and neocons gutting "the safety net," rigged Democratic primary elections, Russiagate . . . Some may think they can't live long enough to reach rational conclusions on these issues, but I don't think it would take long go do so.

sconnell1791
sconnell1791
Kay54
Kay54 said: All of this started long ago, but it was Bill Clinton that took the Democratic party to the extreme right. Clinton exploited racism and bigotry in the working class to get policies of hate passed against the poverty stricken with welfare reform (no reform at all, it was gutted) and the crime bill, the new Jim Crowe, putting minorities and poor whites in prisons for profit. Then came NAFTA, that hollowed out the manufacturing base of America, taking 55,000 plants and 600,000 + jobs with it. He also repealed Glass Steagall, deregulating banks that led to the 08 crash... Funny Democrats just voted to do the same with Dodd Frank setting us up for the next inevitable economic collapse. Then Bush and the faux war on terror. We find the terrorists. Bush was a psychopath and the nail in the coffin to America with endless war for which Obama continued against five more countries. He also expanded the police and security state, removed more of our, privacy rights, civil rights. The man who won the Nobel Peace prize, dropped 30, 723 bombs in 2016. He also cut food stamps eight times, cut housing assistance and the program for hearing to help low income Americans pay their heating bills in winter and summer time. Whatever is left of the safety net, Trump NEOLIBERALS and neocons will gut. And Russiagate, initially to cover up Democratic party primary rigging and election fraud has now turned into manufacturing consent for war against Russia. Th US elite gives not one damned about us. And if we do not wake up soon a third world war will meet us our end. War has go us 22 trillion in debt with the DOD missing 8.5 trillion more....wake up. Not much time left. Read global Research.. great site to understand what is going on and free from corporate media propaganda

Welfare reform helped millions of Americans to come out of poverty into better situations. Previous welfare systems and incentives were hurting people and everyone knew it, but the 1990s welfare reform did a lot of good to improve people's lives.

Granny Teach
Granny Teach

Except the American people who applied!

Voisa Riesen
Voisa Riesen

Forgive mortage and student loan debt? How is that going to save people? Maybe they shouldn't have gotten involved in something they couldn't afford. Is it my fault that Betty Somebody decided to spend $60,000 on a degree in Library Sciences? Or Communications? Or Theater? Maybe spend your money on a degree that gets you a job that can pay it back and we can talk about student debt. Or maybe work while you are going to school so you don't have to defer the student loan forever. Higher education is a privilege and should require sacrifice. These people using it as a social club that they never have to pay for make me sick. They are the same people complaining that they don't make enough money to afford all of the toys they have to have. Before I forgave anything I would have someone look at their finances and find ways of cutting out some of the crap that they don't need. You don't need a boat and RV parked on the side of the house you can't make the mortgage payment on. You don't need 5 or 6 cars in your driveway. You don't need brand new lease vehicles every year. You don't need thousand dollar cell phones and all of the toys and gadgets that clutter up your life. If you can't afford to pay back your student loans and mortgage, then you can't afford any of that other crap either. Quit living like you don't have any expenses and quit whining about how the world hasn't made life easy for you. But don't expect me to struggle through life making my payments on time and working my butt off and then feel sorry for you that you aren't willing to do the same thing. You people just seem to find new reasons to complain every single day. It's Trumps fault. It's the baby boomer's fault. It's the governments fault. The only constant in every one of your complaints is YOU. Maybe you are the problem in your life and you need to quit waiting for the world to hand you everything you want and start working for it. And just because you've worked for it a couple of years and don't have it doesn't mean you won't ever get it. I worked my ass off for 20 years before I could have the things I have today. You snot nosed brats graduate high school and expect to have everything your parents have worked for 30 years to build. And if you don't have it the second you graduate college, well then I guess it is just up to the government to hand it to you. Then 20 years from now you can be just like all the rest of the welfare recipients in this country just waiting for Uncle Sam to bail them out and complaining when welfare programs get reduced and now you actually have to work for a living. Bunch of damn crybabies...

CsX
CsX
Voisa Riesen
Voisa Riesen said: Forgive mortage and student loan debt? How is that going to save people? Maybe they shouldn't have gotten involved in something they couldn't afford. Is it my fault that Betty Somebody decided to spend $60,000 on a degree in Library Sciences? Or Communications? Or Theater? Maybe spend your money on a degree that gets you a job that can pay it back and we can talk about student debt. Or maybe work while you are going to school so you don't have to defer the student loan forever. Higher education is a privilege and should require sacrifice. These people using it as a social club that they never have to pay for make me sick. They are the same people complaining that they don't make enough money to afford all of the toys they have to have. Before I forgave anything I would have someone look at their finances and find ways of cutting out some of the crap that they don't need. You don't need a boat and RV parked on the side of the house you can't make the mortgage payment on. You don't need 5 or 6 cars in your driveway. You don't need brand new lease vehicles every year. You don't need thousand dollar cell phones and all of the toys and gadgets that clutter up your life. If you can't afford to pay back your student loans and mortgage, then you can't afford any of that other crap either. Quit living like you don't have any expenses and quit whining about how the world hasn't made life easy for you. But don't expect me to struggle through life making my payments on time and working my butt off and then feel sorry for you that you aren't willing to do the same thing. You people just seem to find new reasons to complain every single day. It's Trumps fault. It's the baby boomer's fault. It's the governments fault. The only constant in every one of your complaints is YOU. Maybe you are the problem in your life and you need to quit waiting for the world to hand you everything you want and start working for it. And just because you've worked for it a couple of years and don't have it doesn't mean you won't ever get it. I worked my ass off for 20 years before I could have the things I have today. You snot nosed brats graduate high school and expect to have everything your parents have worked for 30 years to build. And if you don't have it the second you graduate college, well then I guess it is just up to the government to hand it to you. Then 20 years from now you can be just like all the rest of the welfare recipients in this country just waiting for Uncle Sam to bail them out and complaining when welfare programs get reduced and now you actually have to work for a living. Bunch of damn crybabies...

"Forgive mortage and student loan debt? How is that going to save people? Maybe they shouldn't have gotten involved in something they couldn't afford. Is it my fault that Betty Somebody decided to spend $60,000 on a degree in Library Sciences? Or Communications? Or Theater? Maybe spend your money on a degree that gets you a job that can pay it back and we can talk about student debt"

Spoken like a true and uneducated conservative. SO typical. Stop masturbating to Limbaugh's posts and stick your damned head out of the window and smell the REAL world. A LOT of people that got degrees in the post-recession can't get jobs now because the job sector compactified, and that degree is often useless for many job offers.

THINK before you speak next time. If you can.

You people just seem to find new reasons to complain every single day. It's Trumps fault. It's the baby boomer's fault. It's the governments fault. The only constant in every one of your complaints is YOU. Maybe you are the problem in your life and you need to quit waiting for the world to hand you everything you want and start working for it. And just because you've worked for it a couple of years and don't have it doesn't mean you won't ever get it. I worked my ass off for 20 years before I could have the things I have today. You snot nosed brats graduate high school and expect to have everything your parents have worked for 30 years to build. And if you don't have it the second you graduate college, well then I guess it is just up to the government to hand it to you. "

But yet here you are, sniveling and whining and crying all the same. Bleating like all the other red county sheep. SO typical again of a conservative, assuming no one out there worked hard at anything if they don't agree with your narrow-minded little view of the world. Piss off, you old coot. No one needs your judgemental wrongful views. The majority of the article will tell you exactly why we're at where we are. WE are mostly not at fault, it's the system, but they are more than happy to watch you self-flagellate and remain ignorant of what's actually going on.

Donaldq
Donaldq

Indeed. These hypocritical idiots deride the poor, telling them to better themselves by getting educated while simultaneously crying about liberal indoctrination in colleges. Newsflash: the world needs a vast variety of degrees. If every one was trained in nuclear engineering them nuclear engineers would make 11 bucks an hour (assuming the aren't already).


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