Why the middle class is held back by college debt, medical debt and predatory banks

[Clarallel]

So, is the answer that the problem is that most people are just stupid?

Okay, medical debt can hit anyone, right? But most other debt is a choice. A person can work and save for college, or work their way through college - or just take a careful look at the feasibility of college loans. Similarly, when I read about people who were losing their homes during the mortgage meltdown, so many seemed to have bought houses larger than they needed - and then never actually read their mortgage contract. Even with banks for the ordinary things - I chose a bank with free accounts. But most people just seem to mindlessly chose the bank that's nearest, or the biggest name they know.

Originally Posted by petch751

Americans now need to investigate some of the most greedy people in America – our left-wing colleges and universities and their outrageous tuition/room and board costs whose meteoric rises have been chronicled repeatedly including in a famous 1998 report.

The Media Left is refusing to call out its college/university cronies and refusing to create a national scandal out of it, which it truly is. If colleges were oil companies, we would hear about it every day.

What's there to investigate? Unless you're looking for some cherry picked numbers and false claims to support your anti-education agenda, the reasoning is pretty obvious - states have slashed higher education spending over and over and over for decades in an effort to balance the budget while paying for lavish retirements for public employees. The actual cost doesn't go down, so students wind up paying it out of pocket or borrowing the cover the cost.

Greedy old people wrote themselves checks and then handed young people the bill.