Is This A Coincidence? Obama Calls For Additional $1 TRILLION Student Loan Bailout For His Bankster Buddies While Pelosi Said Congress Give Obama Power To Personally Lift Debt Limit To Infinity!

Saturday, December 1, 2012
By Paul Martin

Investmentwatchblog.com
December 1st, 2012

A possible $1 trillion bailout is coming—and soon.

America’s now-nationalized student loan industry just reached a value of $1 trillion, according to Citigroup, growing at a 20 percent-per-year pace. Since President Obama nationalized the industry (a tacked-on provision of the Obamacare bill), tuition has gone up 25 percent and the three-year default rate is at a record 13.4 percent.

Adding another $1 trillion dollars to the national debt isn’t exactly “forgiveness” for young people—it’s prolonging the payoff. In fact, student loan bailouts are a catch-22 for young people because they’re going to be held accountable for paying off the national debt and interest payments.

A student loan bailout will also be rewarding higher education bureaucrats for a diminished product. A college degree used to mean that a person would add on average $1 million to their income over their lifetime. Today a college degree only guarantees an average $300,000 in added income over a lifetime.

http://www.breitbart.com/Big-Government/2012/11/29/1-Trillion-Dollar-Bailout-The-Student-Loan-Catch-22

Is this a coincidence?

Pelosi: Give Obama Power to Personally Lift Debt Limit to Infinity

The Rest…HERE

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