Heaven Is Our Destination Where We Will Be ONE With The Lord Forever

Today, we are in The Season Of The Last Generation. The Birth Pains that Christ Jesus spoke about are currently under way, including natural and unnatural disasters. They will be ever increasing. Because of the increase of wickedness, the love of most will grow cold. Social, economic and political turmoil will be ever increasing, causing people's hearts to be weighed down with dissipation, drunkenness and the anxieties of life. An apostasy within the Church of God is currently under way. This will all reach a climax with Satan revealing his Antichrist and requiring that everyone worship him; That every one receive his "mark" in order to buy or sell; The new currency of the New World Order, the New Tower of Babel.

Today, it is critical that those who have a heart for God are aware of what God is doing and speaking today. God is opening up His Word like never before in preparation for The Time Of The END. I exhort you to open up your heart and your eyes to see what He is doing and your ears to hear what God is speaking at this time. My prayer is that we will be able to stand before the Son of Man at His appearing, without fault and with great joy. I encourage you to read David Wilkerson's book, America's Last Call at davidwilkersontoday.blogspot.com. Also, Google, Tommy Hicks Prophecy, 1961 for a view of the End Times.

Tom's books include: Called By Christ To Be ONE, The Time Of The END, The Season Of The Last Generation, Worship God In Spirit And In Truth, Daniel And The Time Of The END, and Overcoming The Evil One. They are available at amazon.com. They can also be read without cost by clicking on link: Toms Books.

To receive Christ Jesus as a child by faith is the highest human achievement.

Today, the Bride Of Christ is rising up in every nation in the world! Giving Glory to Her Savior and King, Christ Jesus!
Today, the world is Raging against God, Rushing toward Oblivion! Save yourself from this Corrupt Generation!
Today, America is being ground to powder because of it's SIN against God!

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Thursday, November 29, 2018

THE STUDENT LOAN DEBT BOMB

Student Loan Debt Bomb: 3 Shocking Truths about How the Government Caused a Crisis – and is Making it Worse

Craig Huey
What used to be a minor inconvenience for college graduates – paying off their college student loans – has now become a full-blown crisis…

Nationwide college student loan debt has soared from $517 billion in 2006 to over $1.5 trillion this year … a 300% increase in 12 years!

Put another way, college student loan debt is more than 1/3 of the entire projected federal tax revenue for fiscal year 2019!

The cause of the massive debt increase over the past 12 years? The federal government.

Here are 3 shocking truths explaining how – and why – it happened:

  1. The 2008 financial crisis – caused by government banking and home mortgage policies and regulations implemented during the Clinton administration – resulted in a surge in college enrollment … a surge in tuition … and a surge in student loan defaults.

To make home ownership “affordable” to low-income families, banks were required to issue subprime mortgages – loans at below-market interest rates for the first 3 years.

When these adjustable-rate mortgages (ARMs) ratcheted up to market interest rates, thousands of low-income home buyers defaulted on their loans because they couldn’t afford the higher payments.

The loan defaults caused Lehman Brothers – a huge bank that was heavily invested in subprime mortgages – to declare bankruptcy in September 2008.

Many workers subsequently lost their jobs during what is now called “the great recession.” 

They decided to go to college – with the idea it would lead to a higher-paying job that would enable them to pay off their student loans.

For many, the higher paying jobs didn’t materialize … so they became saddled with a debt they couldn’t afford to pay since their income didn’t increase as expected.

Why did tuition also surge during and after the financial crisis?

Because state budgets were squeezed, resulting in fewer dollars available for public colleges…

Most colleges had to raise their tuition due to the reduced state funding … requiring students to take out larger and larger student loans.

The skyrocketing college tuition costs and the ever-increasing student loan amounts required to obtain a college degree haven’t subsided in response to the economic boom of the past 2 years.

  1. The federal Department of Education is now subsidizing colleges that have so many students defaulting on their loans that they are at risk of losing access to federal aid. 
The idea is to help colleges make their bookkeeping numbers look more presentable to the Federal Student Loan Program…

But a new study claims the federal government isn’t the solution to the student loan crisis; it’s the problem.

The study, “Accounting for the Rise in College Tuition” – published by the National Bureau of Economic Research – concluded that “demand shocks” from federal loans, subsidies and aid “lead to higher college costs and more debt, and in the absence of higher labor market returns, more loan default inevitably occurs.”

The data showed conclusively that the growth of the Federal Student Loan Program alone accounts for the entire rise of college tuition from 1987 to 2010!

  1. The federal government always blames the private sector for the crises it creates. 
Whenever government subsidizes anything, the following occurs:

  • Higher prices
  • Market disruptions
  • More government spending to “solve” the crisis
  • More rules and regulations
  • More subsidies
  • Less private sector
  • Less of a free market 
As former President Ronald Reagan famously said, “The nine most terrifying words in the English language are: I’m from the government and I’m here to help.”

What do you think? Write me at craig@electionforum.org

Here are the rest of this week’s articles:

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