You are currently browsing the tag archive for the ‘corporate personhood’ tag.

Gosh, I wish I could do math like Sallie Mae; I’d be one rich fucking bitch.

What a scam they’ve got going:  they are selling the American education dream.  What they don’t tell you (and what many of us have found out after graduation) is this: you will pay for that American dream forever.  And ever and ever and ever.  You will never ever get out of debt.

Sounds great, huh?  Sure, grad school looks awesome and you think you will grab a better paying job somewhere after grad school, but that doesn’t always happen. I hesitated like crazy before I entered grad school; I was terrified of the cost and of taking on more debt.  I should have listened to my instincts.

The thing that really sickens me is that somehow, some way, even though I paid for many years and gave up what amounts to a rent payment to those loan sharks, I still owe over double the amount I borrowed.  What the hell kind of math is that?  That’s 100% interest!  Which leads me to believe what others are also starting to believe:  the student loan industry is just one big giant scam. It’s a money-making machine.

Up until 2005, student loan debt could be discharged through bankruptcy, but under the GW Bush administration, that got taken away.  Sallie Mae spends millions to lobby against programs that give students grant money, so that students are forced to borrow to get an education.  If you don’t think corporations are fucking with your life, think again.  This is just one example of how having money means having influence over law, which means it has influence over you.

There have been controversies here and there regarding deceptive lending practices, one which involved minorities being charged higher interest rates.  I hope this scam bursts like bubbles in the bath.

Why I'm preoccupied with the Occupation (Why OWS is important to me)
I love how republicans are always talking about being free, being patriotic, loving the flag, loving god, etc.  But when it comes to money, and anything that's 'free,' they throw adolescent fits.
Free and Freedom-- 2 different things, no?  Is being free the same as having freedom?
I would like to be free from debt; I would like the freedom that not having debt would afford me. I would like to earn a salary that allows me to pay my debts, while at the same time allows me to live-- i.e., earn enough to afford food, shelter, etc.
The rhetoric around OWS from those who oppose it or those who are not informed revolves around both of these words:  free and freedom.  For example, I hear folks saying things like "They can't have everything for free" and "They just want everything for free."   I've also heard people say that everyone has the same opportunity:  it's not my fault you are poor or make less money.  You have the freedom to earn the same as the wealthy. Well, this isn't entirely true, now is it?
Things happen:  people fall on hard times.  We don't all have connections; we don't all have fathers who went to Harvard and can get us in Harvard; not everyone inherits wealth. There is more nepotism in this country than is healthy.  Not all of us, however, have those connections.
I have felt lucky for the past two years, even though I was laid off from my full-time job. I felt lucky because I had a 2nd job (like many people I know) and was able to continue to teach as an adjunct.  Had I not had that job, I would have been sunk.  I have to say, however, that as lucky as I was to have that, there is another equation that disturbs me.  I have higher education degrees, and not just in one subject.  I earned 3 degrees:  2 bachelor's and one Master's degree.  Even with this amount of education,  it still took me over a year to find full-time, benefitted employment.  I currently hold two jobs once again, and still make less than $30 k annually.  What is wrong with this picture?  This is not economic equality.
So, this is not about hard work.  Everyone I know, who also just happen to be in the 99%, works hard at their job/s.  They earn the pittance they receive.  This isn't about getting anything for free, it's about getting what we earn.
It's also about getting the cost of education under control.  It is, in my opinion, criminal to advise young kids that they must have an education, and then put them so far into debt for it that they never see the light of day again.  So many stories are coming out now (finally) about the predatory lending involved in higher education, the price gauging, the outright robbing of people's futures.  Most folks will never pay off their student debt, which means it will go unpaid.
Which brings me to this:  Why not bail out students/graduates/former students who are drowning in debt?  Why bail out Wall Street for bad investments, when you could save 99% of the Amercian population some stress and heartache, not to mention put back billions of dollars into the economy?  I guarantee that if student loan holders had their debt forgiven, they'd be spending money right now, and stimulating the economy.  Instead, we bailed out the gamblers  investors of Wall Street due to 'bad investments.'  OH, and the banks, too.  All the people who gamble with our money and charge us out the ass for fees and other nonsense get saved.  What did we get?
OWS is about getting equality; it's about keeping corporations from ruling/ruining our lives.
To quote Led Zeppelin:  Now's the time, the time is now.
%d bloggers like this: