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RE: What are the reasons for the high level of student loan debt in the United States? What are the potential consequences if this debt is not addressed? What are some possible solutions to this problem?
I think what really happened with the Student Loan Debt, was a hush hush way to hand over the Banks more Control over the Population through higher taxes... The Students aren't walking away with any of our Cash, but the Banks sure are...
Exactly, the fact that people can't see the similarity between sub prime mortgage speculation through MBS market that crashed the housing market and the student loan racket just shows how much they've been brainwashed by partisan hackery of simple minded platitudes of "deregulation" and "more regulation" forgetting that regulators and regulated are the same people.
You make it all seem too complicated for such an easy solution... We need a "Stable" Monetary System, backed by Silver and Gold Coinage...
Well the financial sector is complicated because it's buried under multiple layers of plausible deniability. That's why banksters never go to prison for their fraudulent and usurious actions.
If I hand over a One Dollar Silver Coin for something that Cost 55 Cents, I'll be expecting to get back some change... My Corrected Monetary System is as simple as that...