College is the New Indentured Servitude: 20 States Now Suspend Driver’s Licenses for Student Loan Defaults
Having trouble paying your student loans? Job market keeping you from finding a job since everybody and their brother has a college degree these days? Here’s another kick in the gut from America, Inc. A growing number of states can now revoke your driver’s license if you miss your monthly installment when repaying your master…er…the Department of Education. This latest move comes despite a job market in which college degrees are worth slightly more than the equivalent amount of toilet paper.
Take note if you live in these states. You’d better keep showing up at those jobs, no matter what. These jurisdictions will now make it illegal for you to drive if you haven’t paid the bankers their ransom on your rubber stamp:
- New Mexico
- North Dakota
- South Dakota
Want even more bad news? America, Inc. is also revoking professional licenses in many states for those who default on student loans. Penny Hoarder recently reported on this disturbing development.
The New York Times found at least 8,700 cases where professionals — including nurses, teachers, lawyers and psychologists — have had their licenses taken away or threatened with suspensions in recent years because of failure to pay back student loans. The publication described the tactic of taking away professional licenses as being “especially punitive.”
Ya think? Especially punitive doesn’t begin to describe the insanity behind pushing everyone – even those without the aptitude or interest – to get college degrees because a rubber stamp will supposedly get young men and women the much-ballyhooed but seldom realized “good job” demagogues like to promise the sheeple that comprise their voter base.
Then, as large numbers predictably can’t repay their loans (law of supply and demand) legislators pass laws to make those drowning – as they swim waters infested by loan sharks – even more destitute by taking their wheels and credentials away. The hidden message: You better not step out of line at work. Sounds pretty punitive, alright. And part of a larger plan. Tell us again how this is supposedly the greatest country in the world?
The reality is college has been intentionally oversold for generations, there is a trillion dollar student loan bubble waiting to pop as a result, and there are manpower shortages in blue collar trades because everyone has been sold on college education being the “magic wand” that will solve all life’s problems.
Considering the boundless malevolence of the corporate-controlled, totally corrupt American government, our feeling is college was oversold so millions could be turned into debt slaves. College went from being an asset to a deficit as the cost of an education skyrocketed because taxpayer-guaranteed money borrowed from the banksters was dumped into the market. This, of course, made it impossible to pay for college by working your way through as the cost for a degree skyrocketed.
The end result? Conditions which strangely resemble indentured servitude – you have to have a rubber stamp to get a job, but you have to work a certain amount of time for your master to pay him for training you. (The average time the holder of a Bachelor’s degree takes to pay off a student loan? 21 years! That’s from U.S. News and World Report.) The objective of the corporate-government complex was thus achieved: People don’t get as sassy at shitty GloboWorldCorp jobs when they’re barely treading water, bogged down by student loan payments. College boy is thereby turned into an obedient worker by his fancy education. A bitch, in street terms.
That is, unless men see the ruse for what it is and press the escape hatch, abandoning the mirage known as The American Dream for a life of minimalism. The system has become so rigged, so hopeless, only a few (if any) will ever get ahead in life playing by the rules. The vast majority of “smart” college grads will subsist on stagnant wages, adrift in a sea of debts of different kinds with no hope of ever escaping the sleep-work-spend cycle. In other words, with an average of $30,000 in non-bankruptable debt, the system has you by the balls when you don that cap and gown.
Slavery works best when you don’t tell people they’re slaves. The student loan debt bondage operation is a classic bait and switch trick. Sell kids a high priced education, make the debt from the high priced education non-bankruptable, then lower wages and stifle upward mobility to create a de facto a nation of wage slaves. The corporate-government complex thinks that’s a great way to manage America, Inc. Some of us think that idea fucking sucks and is destined to fail.
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