The Student Loan Forgiveness Act of 2012

The student loan program has turned professionals into professional debtors. The shackles have embraced the ankles of students long before the piece of worthless paper is delivered on graduation night.

Worthless you ask?

Yes, if there are less and less jobs available for more college graduates, your college diploma is only going to deliver you to the poor house at a faster rate.

There are a lot of students who attend and complete programs at schools like Harvard, Yale, and Stanford who are still living at home with their parents working retail jobs they were qualified for long before they entered the overrated prestigious halls of higher education.

This of course has led to more and more students incapable and refusing to pay their student loans back. There is a coming bubble that's getting closer to bursting if it already hasn't burst. Just like the housing bubble, the federal student loan program has created great amounts of wealth for people who can't afford to pay it back (or aren't willing to sacrifice to pay it back). There is over a $1 trillion in student loans now enslaving Americans.

Don't you worry. The socialist minds in the Democratic party have another redistribution of wealth scheme that will take place by printing another $1 trillion out of thin air to monetize and forgive the student loan crisis of 2013.

The Student Loan Forgiveness Act of 2012 is now a reality thanks to Democrats looking to make long term power gains Washington.

H.R. 4170. forgives student loan debt for those who have paid 10 percent of their discretionary income toward their loans for 10 years and would cap interest on federal student loans at the current rate of 3.4 percent. Individuals who go into teaching, public service or practice medicine in underserved areas would have their debt forgiven after only five years."

Oh the joy of fiat currency!