Senator Elizabeth Warren's Student Loan Fairness Act(USA)

[Shadowstar1922]

Main Video


Warren on the Last Word.


As anyone who knows the history of the US Economy, you'd know that the Big Banks are the big leaders in destroying millions of jobs in America, by illegally foreclosing home owners, having high interest rates in loans when people want to buy a home, and basically ripping people off because the Government, both the Clinton and the Bush, and now the Obama Administration that lets them do that and each of these three Presidents has passed policies and laws in favour the banks, and against the People.

Senator Elizabeth Warren of Massachuesetts is now fighting for student loans to match the interest rates the Federal Government gives to the Big Banks, which is .75%, rather than the 3.4% that is increasing to 6.8% of interest rate Big Banks give to students attending to college. And, switching who gives the loans to the students, from the Big Banks to the Federal Government, which is having the Federal Government "invest" as Warren had stated, into the students, and helping them get a good education in college and be able to work in America's workforce to compete with foreign countries and the expanding global economy.

Now this, would surely have a big impact on recovering America from our huge economic mess, and this would be the first step to recovery. Congress would be stupid to not pass it. The Federal Government would even make huge profits, up to 34 billion dollars in profit from the small interest rate it gives to the students. For every dollar America loans out, the profits they would get is about 30 cents per dollar given out(so, 1.30$ for every 1$ given out)

The only downside on this is that this gives the US Government more control in students lives and could abuse this anyway they want to, but, I wouldn't say it is bad giving the Department of Education more power and more authority, since, as you all know, the DE doesn't have much popularity and authority and, money, compared to other countries' investments in their education.

Watch the videos below for more direct information.

[Shadow00]

Try to understand that governments and presidents are mostly founded and elected by banks.
You don't bite the hand that feeds you, that's why nobody messes with the banks.
Last but not least, it's hard to control a well-educated number of people that make thoughts of their own.
That's why not enough money is being well spent on education. And that's why the education system is crap.
I could give you a lengthy article explaining how the press and the government is acting in America since the 20s, but that would be boring and out of place. So what's mentioned above is the main point.

[Shadowstar1922]

Try to understand that governments and presidents are mostly founded and elected by banks.
You don't bite the hand that feeds you, that's why nobody messes with the banks.
Last but not least, it's hard to control a well-educated number of people that make thoughts of their own.
That's why not enough money is being well spent on education. And that's why the education system is crap.
I could give you a lengthy article explaining how the press and the government is acting in America since the 20s, but that would be boring and out of place. So what's mentioned above is the main point.

Dude, I know what you're saying xD

I know all of that already. Since the international media has been a bit, boring, I've gone into depth research in state politics and US economics for the past week or two.

I know this isn't going to be passed, but, if it does, 34 billion dollars every year, would be a lot and it would surely be the first step to recovery.

Now, I know Corporations and banks and lobbyists spend a lot of money on donations to politicians so, instead of representing the People, they represent the Corporation's wants and needs. For example, Obama giving Monsanto the "get out of jail free" card, when, Monsanto gave a lot of money to Obama's campaigns.

I know what you're talking about. But, Elizabeth Warren isn't like your average politician. Most of her donations were from the people, and from small businesses in Massachusetts. She came into the game, to destroy the Big Banks, because they do so much illegal activity, to literally change the game play of being a politician, and representing the people, not the corporations.

She's only been a Senator since this past February, and she's working really hard to attack the big banks, and to get the Government more interested in the people, rather than the Corporations.

And, a lot of people in America are getting sick of the Government selling out to corporations, and the voice of Corporations more than the voice of the People.

So, she won't be popular within the Senate, but, she'll most likely be popular with the people.

And, Congress would be stupid to not pass this. 34 billion dollars of profit every year? Helping giving jobs for the future and increasing America's global economic competitiveness? So many benefits, they'd be stupid.

[Shadowstar1922]

[Shadow00]

Yeah, as stated above, shocker for some maybe but, the whole point is to actually FORCE people into doing janitor etc jobs (no hate against janitors)
You can't only have engineers in a country, and sadly since no one wants to go the lower-class route they have to be forced to go there