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View Diary: Federal student loan interest slated to rise back to 6.8% (43 comments)

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  •  Its an absolute crime that the Federal Govt (2+ / 0-)
    Recommended by:
    HM2Viking, Ramoth

    is making a profit off US citizens for wanting to attend college.  Charging young people ANY interest to go to school is beyond the pale for a Govt that operates a pure Fiat currency monetary system.  Just ask Fed Chariman Ben Bernanke where he got that $3 Trillion to buy US treasury bonds and bad mortgage debt from the banks....he got it from the same place all new govt money comes from....NOWHERE.  
    So let me get this straight, the Fed chairman can create trillions of dollars out of thin air for the banks and wealthy bond holders but the US Congress just has to charge young americans 6.8% interest to go to college....
    we should be ashamed of ourselves.

    MMT = Reality
    http://neweconomicperspectives.org/

    "The Earth is my country and Science my religion" Christiaan Huygens

    by Auburn Parks on Sun Mar 31, 2013 at 05:32:17 AM PDT

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