As Student Loans Hit All Time Record, One High School Valedictorian "Gets It"
This it NOT what you would expect from a traditional valedictorian speech. Hopefully people, especially young people, are starting to wake up to just how corrupt and broken at its core, the US educational system is. Alas, tangentially, as the following data from Stone McCarthy indicates, there is little danger that the revelations captured in this video are anywhere near widespread, courtesy of record after record rise in the next big bubble: student loan debt, which is nothing but even more voluntary indentured servitude in hopes that the latest piece of paper certifying one is "smart" will make one's resume more attractive to potential employers. Alas, if they only knew...
Must watch:
And from SMRA:
In this morning's Chart of the Day, we reexamine the rising trend of student loans outstanding. Back in late June, we highlighted the steady increase of student loans that has occurred since January 2009. In the most recent release of the Fed's Consumer Credit Outstanding report, student loans outstanding increased $15.66 billion on a non-seasonally adjusted basis in July, the largest month over month increase since January. In turn, nonrevolving credit outstanding (seasonally adjusted) rose a whopping $15.4 billion, the largest monthly increase since November 2001.
We attribute the overall rise in student loans to a number of factors. However, we suspect the major reason is a struggling labor market and bleak outlook for jobs. As the economy continues to generate a less than ideal number of jobs, more people are heading back to school to enhance their education in order to make themselves more marketable to potential employers. The unemployment rate for people aged between 20 to 24 years was 24.5% in August, up from 23.1% in July. The unemployment rate for this population range averaged 15% from 2002 through the end of 2007. However, as the labor market continued to struggle, the unemployment rate for persons between 20 and 24 years of age rose to 25.7% in November 2009 and has remained elevated over the past two years. Not to mention that the unemployment rate for the civilian labor force has been above 9% since May 2009. Additionally we suspect the increased cost of tuition is forcing students to take out larger loans in order to pay for rising education costs.
(26 votes)
»
- Login or register to post comments
- 34527 reads
- Printer-friendly version
- Send to friend
Similar Articles You Might Enjoy:
- Guest Post: The Best Way To Stay Out Of Student Loan Debt And Boost Your Resume
- "The Student Loan Racket" - The Complete Infographic
- The Fraud At The Heart Of Student Lending Exposed - The One Sentence Everyone Should Read
- Guest Post: Risk And The Indentured Servitude Of Student Loans
- Guest Post: The US Education Bubble
I know her! She owns silver. Astute observer this kid is!
Of course she gets it. She's not blonde.
Wow. She just owned that speech.
Sorry,
She is unemployable. She talks like a valley girl.
Shows how America is declining everywhere.
I'm two minutes into this.
Now while I find the accent and cadence off putting I cannot believe you come to the conclusion ...
I am thinking that the pea brain TV shows influence behaviour and language, more than educators. Does one need to go to finishing school? Where are the parents? Where are the teachers? No one cares? Manners don't matter anymore?
I guess that was the reason of the generalization. Think about the message and how powerful could have been if she gave the speech with good diction, color in her voice and up and down intonation as necessary. Then it would definitely go viral.
And to the matter of substance.
What did you think of the speech?
The American Public Fool System exists to produce two things: employess and soldiers!
And do you think that she enunciated the point well?
That, I dont care about!
Then why do you care about the American public school system?
What do you "care" about?
This kid is founding father material (in a female sense).
Don't stop there, the selfish boomers and most clueless gen-x ers have been powerless against the machine. Hopefully someone from gen-y will invent a corruption detection and obliteration machine
Pfft..the Gen Yers where I work are trying to get promoted more often than Gen Xers like myself. It's not even close. Gen Y reminds me of the Boomers.
the founding fathers denied her full citizen rights, so one would hope she would have helped right that wrong, maybe joining up with Elizabeth Cady Stanton to fight for her equal say in the nation of her birth. . .
http://en.wikipedia.org/wiki/Declaration_of_Sentiments
Hey CA.
That idea ignores the founding history of this nation and the era in which it arose. Women, like negroes, had their position in society, and it was all guided by aherence to Biblical principles. I avoid judging these things as it was what it was, and this is now.
Speaking of now, the FF actually gave us everything we needed to right all wrongs, but first you need to re-discover the power:
http://1215.org
I am Chumbawamba.
Thanks for the link!!
she could have got into the use of students as a credit farm...but i liked it.
"Credit Farm"
Simple phrase much truth.
I would use "Credit Plantation" gives it debt slave overtones.
She's definitely a more coherent speaker than Michelle Bachmann.
Elitest knee-jerk reaction. Style over substance, the true tragedy in this case. Your talking points are moot.
it already IS viral. I've seen this video a bunch of times before now.
it already IS viral. I've seen this video a bunch of times before now.
truly, you must be a douche
I have now seen the entire.
Admit it. You didn't watch it.
You let your prejudice rule your mind.
Shows how America is declining everywhere.
I watched it to the end. That is my opinion. What prejudice? I hate everyone equally/jk
She's a high school graduate. I'm pretty mean but I at least give a break to nervous high schoolers. She doesn't know if people are going to arrest her or shoot her or just what kind of stupid silly ass reaction she is going to get.
But she wears nearly the same robes as a judge. Everybody wears these robes on highschool and college graduation. It's because they are a small part of the judge system. People worry about judge dread but the real problem is judge idiot. And there's millions and million of judge idiots.
Excellent point Heph. I didn't even consider it, but in retrospect she had to be scared.
Ms, for some reason I was sure that you would show up somewhere in this thread.
Was that speech not magnificent?
She was great. See my reply to Rocky. I hope you are still teaching this year. Many of the people around me that teach in the school system, are not, or are under threat. Math is very much a fundamental need. But I have seen some crazy choices being made this year regarding who to cut. But yeah, if that is any one of our students, we are quite content.
Amazing courage in such a small package. With truth like that, and the strength to come to her realizations early, she will hopefully work within whatever system she chooses to effect change. I'd vote for her -- today.
As I go through the threads here I see so much judgement. She is a kid. I wonder if folks remember or have kids of their own to know "who" dug up the courage/inspiration/smarts to do this. No it is not perfect, but few of us would be. Even folks who get paid, we can find a lot of fault with them.
I'd vote for her, with the caveat that I would want to see who she had around her, supporting her. I think that is good advice for all of us. I have leadership roles in other arenas far from anything that looks like politics and economy. Who I have around me, advising me, matters.
Also think of your High School's Valedictorian. Was he or she the most social individual in the whole school, or someone who mainly spoke to teachers and a small group of friends? To think that this girl would have the speaking ability of the liars/BS artists who run our country is beyond dumb. She probably barely speaks to people her own age beyond her small group of friends. In my school there were the popular people (sheeple) then everyone else.
That being said, I can't believe she worked her ass off to become Valedictorian then gave the speech she gave. I'm left wondering if someone put her up to it.
Private student loans are worse than mortgage and payday loan lenders. The loans are guaranteed by the goverm't, the lenders have no incentive to loan responsibly (i.e. the mortgage mess), and the loan obligation is immune to bankruptcy (even a mortgage has that option). The terms and conditions they are extending loans to students is a horrible . . And unlike mortgages the borrower can not refinance the rate, the student is stuck with the variable rate until it is paid off. . .
Your predjudice against "Valley Girls".
Because they speak as they do what they have to say is not worth your consideration.
In short.
You are a snob.
Her speech was brave and I enjoyed it. I wished it was more elegant so that it can go viral as I eluded to earlier. Great message no question about it.
Cheers
Elegance indeed.
Viral?
She was addressing her peers and her educators.
She wasn't thinking about YouTube like you.
Maybe that's a "Valley Girl" thing.
If you think that there was no question of the greatness of the speech maybe you could "put elegance on it".
That might satisfy the YouTube snobs.
Dona K capitulated. There is honor in that.
In that case I withdraw.
Actually this video already went viral a little over a year ago when it first got posted to YouTube.
I didn't see it.
Maybe I don't have the virus.
hey - just cause you just saw it doesn't detract from the importance of hearing someone so young who is awake. Shit, I just saw the trololo vid a few weeks ago. We can't all troll all corners of web every waking moment
Hey: If you liked the Trololol vid as much as you should have, you should see Trololol "What he is REALLY saying!"
http://www.snotr.com/video/4276/What_Trololo_guy_is_really_singing
Perhaps Dona can get a copy of the speech, dress in a HS graduate robe and read the speech more "eloquently."
Don't forget the dunce cap.
If her voice makes her unemployable in America, then I guess having Lil Wayne on your iPod makes you President.
Her diction might make her unemployable in the US, but she'd get a job at a Bangalore call center anytime.
She does have another option: becoming a community organizer.
-1 on your cynicism. She's f'n 17 or 18. Get off your pessimistic high-horse and listen to WHAT she is saying. Not the 'accent' of this smart young woman.
did yer smart hubby tell you this Mrs. K? Tad bitchy today, aren't you. . .
Get off the high horse weak sauce.
Or... she's smart enough to dye her hair to not be blonde! Bravo to her, great speach which I also agree with. You don't need paper documents that yellow with time due to their sulfer content... it's a slow rot that loses its value as your "hard earned" education loses value with it.
Paper doesn't measure the value of gold and silver. It also doesn't measure one's wealth, education, integrity, or ability. You're free when you escape such systems.
What is this so-called 'speach' that you agree with?
Seems like Captain Benny dyes his hair blonde.
What is this so-called 'speach' that you agree with?
In case anyone wants the full text (or to drop her a line of support), the young lady can be found here:
http://americaviaerica.blogspot.com/p/speech.html
This is what real HOPE sounds like.
Hope and spare change she can believe in?
lol
word cloud, por favor.
My guess.... I,
Look at that, no teleprompter
Not to mention, she probably wrote that speech herself...
Braaaavo...my dumb ass didn't figure out what she already knows until about six months after I graduated (at the top of my class) and was out working in the real world. Hope she's not as pissed about it as long as I was paying back that 58K.
She's graduating from High School, not college.
i'm surprised they let her finish
I was thinking the same thing. I was watching the people sitting behind her, waiting for the fat guy to jump up and take the microphone away.
i have the over/under on the amount of list she is on at 12.5.....
Definitely. Wonder how many insults she got on the way out.
education( in its present form) is a psycological operation.....preparation for corporate slavery ......
Public education is a 'soft' lobotomy
And private education will be for the privileged few. As was said,
'I don't want a nation of critical thinkers, I want a nation of workers'.
J Rockefeller.
Ding, ding, ding we have a winner. The REAL source of problems in public education is the root goal that created it in the first place.
Pladizow said it first...
Indoctrination, simple as that.
In support of your comment: "Some Lessons from the Underground History of American Education" by John Taylor Gatto, found in "Everything You Know is Wrong", ISBN 978-1-56731-637-7, pgs 274-287
I dont understand these charts, student loan debt is close to $1 trillion.
Tyler please advise
I'll make it simple. Students today are royally fucked. As jobs for our graduates dwindle, their student loan debt is skyrocketing higher than it ever has been in the past. It's just another example of financial leeches trying to bleed the American dream (they've already taken down the dream of owning a home and now they're well on their way to taking down the dream of a college education).
Not to jump in the middle, but I think you misunderstood the post. He's saying the charts are wrong, student loan debt is actually much higher than those charts indicate.
UC expects a 16% increase in tuition costs the next 4 years. You know those hard working unskilled, unproductive, no value added liberal leaches need this raise of course? Lets see... what raw materials do teachers bring into the classroom that warrent such a rise in tuition rates? Ummmm,Ummmmm,Ummmm, aaaahhh Im too dumb to figure it out. What the fuck are the endowment funds supposed to be used for, naaa, not to help offset costs. Educators think my contributions should be used for hedge fund uses only of course, no benefits should go to the kids, hell there is only $524 BILLION in College endowments nationwide! By comparison ,Obama's jobs plan for the ENTIRE USSA IS $447 BILLION! THIS FUCKING COUNTRY IS OFF THE RAILS.
While this is problematic, I'd argue the education afforded by say UC Berkeley, or UCLA is still below fair market value. They've lagged for so long and are in a catch up phase.
Are jobs available? Depends on what you learn.
Definitely bleak from a macro perspective (we're in a depression), but silicon valley is suffering from worker shortages (to name a particular area that is not completely hopeless).
The CA education used to be free. Anything over "free" is going to be a sticker shock.
Silicon Valley has worker shortages? You, sir, are full of shit. Less than 40% of UC Berkeley's grads in Electrical and Computer Engineering can even get hired in the US tech sector.
Maybe I am slow but I just learned that student loan debt is not dischargeable in bankruptcy. Debtor’s prison will probably be buried on page 6,004 of the next Health Care Bill.
Her parents should be very proud.
she gots ballz!!!
Yeah, I was thinking she took the balls off the brass monkey.
LOL. She doesn't really believe what she's saying. In the end, she knows it's better for her if she's valedictorian than if she isn't, and better to do what she's told, than not. This situation may be absurd, but there are prizes for being the most absurd in your class. And they're nice.
Good speech, though.
Kinda agree even though I was a rebel all my life I still did what I was told when it would hurt my interests doing otherwise, that didn't stop me from 'exploiting' all my 'benefactors' till I needed them no more. You have to be smart as well as cunning to make it in life
Agreed. She wants to have her cake and eat it too. If she really believed what she was saying she would have dropped out of school.
Amazing. An 18 year old kid who had the balls to stand up in the most public forum available to her (one she earned, by the way) and call bullshit on the status quo, right to their fucking faces, and you want to piss on her effort.
I ask if you have ever stood up in a public forum and called bullshit on the status quo in similar fashion. If not, I invite you to kindly shut the fuck up. If so, my apologies.
That's what 18 year old kids do all the time asshole. Wake up.
As for calling bullshit on the status quo, I do it all the time. I have skewered every sacred cow there is so STFU.