It Should Be Considered a Scandal

that new college graduates, who were told the path to riches, or at least the path to a decent living, was to go into thousands of dollars in debt to get a degree and cannot get jobs or have jobs that have nothing to do with their studies. Of course the elites who run the show think this is okay. After all, the business class keeps upping the requirements for jobs that grade school dropouts could do and then pay 10 dollars an hour with no benefits for those jobs.

This is all so the parasites at the top can have more.

The student loan "bubble" is going to burst:

Of the 1.5 million people in this category, about half are unemployed and the other half are working for low wages at retail stores, coffee shops, restaurants, etc. The report also noted that only three of the 30 jobs with the largest projected number of openings in the next eight years will require a bachelor's degree or higher.

Overall youth unemployment in the US is over 23 percent, and after three years of official economic “recovery,” the rates of underemployment and unemployment for this group are still rising. The dire employment situation for young people is being used to pit them against older workers. In many cases, companies have laid off workers with decades of experience and replaced them with better-educated workers at half the pay.

The same students who cannot find decent-paying jobs that offer the prospect of economic security and advancement are saddled with huge college debts. The average student debt level topped $25,000 this year and the total amount surpassed $1 trillion.

Obama gives a lot of lip service to college students and graduates, but he doesn't mean one word he says.