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Sweeping generalization that does not address supply and demand in this recession, e.g. California's college graduate situation:
The Golden State is a little less golden these days, thanks to the recession. And economists at California Lutheran University Center for Economic Research and Forecasting have the proof.
According to center director Bill Watkins, "California is fast becoming a post-industrial hell."
Watkins pointed out some key statistics.
-California's unemployment rate remains at a high 12 percent, higher than the national average, and climbing.
...
-And although California does a good job educating 150,000 students per year handing out new college degrees, only about 50,000 jobs are being created for those graduates.
I'm sure the 100,000 new college graduates flooding the employment market each year "did the right thing" by staying in school and getting an education.
Jeez...
Yet Gov. Brown just signed a Dream act so that anyone who comes here illegally can get financial aid from California so they can be added to those unfortunate Americans graduating with no jobs. He's using taxpayer money to entice more people to flood into that state and take money for college and then they will have the jobs.
Will you join me in supporting the right of all Americans to buy homes they can afford? Then the $9 worker could escape rent slavery and thereby afford to live on that wage.
There's no such thing as a right to buy anything.
Who comes up with this crap?
It was the enforcement of this 'everyone should have a home' policy that led to subprime mortgages. Dumb dumb dumb.
You might want to climb down from that high horse because I did not write any of that. Nowhere did I suggest that I am particularly opposed to helping the poor.
I simply pointed out that most of us make higher wages. Why? Because we do the right thing, stay in school and get an education. Hardly an unreasonable requirement. That's why most of aren't poor.
We're also not rich because we don't make making a tremendous amount of money our only goal.
Your post simply serves to point out the vast contempt the ordinary American is held in by a certain segment of society. Even our most basic achievements are deemed luck rather than hard work. That's absurd.
High horse? If I am riding on one, you and I are looking eye to eye. I don't have contempt for ordinary Americans. I am one. Unlike you, however, I don't have contempt for the rich or poor. (You are the one who said you had contempt for both.) Your very first post on this matter was that you're angry that your success is seen as "luck." That's not even what we were talking about. The conversation was about Americans who earn $9 an hour.
Student loan deferments have time limits, I bumped into mine. If you have a low-wage job for more than a few years, deferments expire and you're out of luck. I never heard of getting your payments reduced, my lender refused to give me any room.
Look into getting a Fed backed consolidated loan than go under the IBNR program.
If I made 9 bucks an hour, I'd have like 20 roommates and/or live with family, my rent would be miniscule, and I'd be going to school as much as I could, too. I sure as hell wouldn't have kids, I'd share and bum rides...
Oh, wait...I have done that...
I'd love to know where you get to have like 20 roommates, since in my experience, landlords have always come down hard on having "too many" people living in a house or apartment, and it's really hard to do if your landlord objects.
Just last month my landlord kicked out people who were living here but not on the lease.
I've lived in places where it is unlawful for more than TWO unrelated individuals to live in a dwelling, the local code police patrol regularly looking for signs of overoccupancy (and for all sorts of other code violations), plus the neighbors also keep an eye on your house looking for signs of overrocupancy and other code violations.
And I couldn't afford to go to school then and I can't afford to go to school now. Darnedest thing, schools demand their money up front.
$300 a month for an apartment sounds unrealistic. I can't even find a ROOM for $300 a month.
It sounds like you live in a high priced area. As I have said, my apartment in Las Vegas is $365 a month. $300 a month rooms with all utilities included are easy to find here.
It sounds like you live in a high priced area. As I have said, my apartment in Las Vegas is $365 a month. $300 a month rooms with all utilities included are easy to find here.
Same where I live. $9 an hour is considered quite decent wages. A third of the population that works live on minimum wage or less - and they seem to do just fine.
Thanks, that reminds me to actually find a HUMAN to ask about IBR.
On the Web I've found all sorts of inconsistent and conflicting information.
One website tells me I can get out of default by going directly into IBR, another website tells me I can't even THINK about going into IBR until I get out of default by making nine consecutive sufficient (double what I'm paying now) and timely payments.
I would LOVE to get into IBR, all I need is a human to sort out the details for me.
Same where I live. $9 an hour is considered quite decent wages. A third of the population that works live on minimum wage or less - and they seem to do just fine.
A common conservative criticism argues that very few people actually LIVE on minimum wage; that people earning minimum wage are usually dependents (teens or college students) or otherwise have additional income (e.g. a working spouse or maybe Social Security) to live on.
You COULD live on minimum wage by renting a room in a house of apartment, but they has potential for great suckitude, as I am currently experiencing.
if people could get past the fact that there will always be a poor, middle, and upper in class under a capitalist system, then this wouldn't be such a huge debate.
There's poor, middle and upper class in the socialist Scandinavian countries.
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