March 1, 2012

Random Thought for Thursday 3/1/12

My name is Troy, and I'm a part of the next economic bubble burst.

[I'm thinking about starting a chapter of student loaners anonymous, but then I guess I shouldn't publicly announce those plans on this blog or on Facebook.]

News is that total outstanding student loan debt will hit $1 trillion this year, and will burden our economy far into the future, much like the other bubbles a-bursting that led us to the recent Great Recession.

To be certain, my contribution is apparently 1/4 millionth of that overall situation, so I don't need any villagers to come busting down my door with pitchforks and torches. But I will admit to a life as a professional student with mild hoarding tendencies who only stopped collecting degrees when he maxed out of loan money eligibility.

In summary, I plan to refer to myself from now on as "Troy -- I'm one in a trillion."

FORGIVING STUDENT LOANS AS A PART OF A STIMULUS:
http://www.forgivemystudentloans.com/is-forgiving-1-trillion-dollars-in-student-loan-debt-the-right-plan/

DEBT GROWS BY $2853.88 PER SECOND, SAY SOME:
http://www.washingtonpost.com/blogs/campus-overload/post/one-trillion-dollars-student-loan-debt-builds-toward-yet-another-record/2011/10/19/gIQAbUoJyL_blog.html

SAYS CNBC, WE'VE JUST SURVIVED THE BUBBLE DECADE:
http://www.cnbc.com/id/33972968

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