It’s The New World Order – Quantum Computers Are On Course To Rule Our Future

| July 23, 2017

Once governments perfect Quantum, there will be a new world order and Bitcoin and other cryptocurrencies may be the first easy target. This means many things thought to be secret – won’t be secure in the not to distant future. Quantum is in early stages of development, but it already can break 32 characters long passwords […]

Trump Proposes Student Debt Cap Of 12.5 Of Income And Forgiveness At 15 Years!

| November 14, 2016

   An idea whose time has come … Trump has proposed capping student debt at 12.5% of their income and a debt forgiveness at 15 years. Yes this will cost something, but it is the only way to unwind the unfair practices of the Clintons, who made student loans non-dischargable in bankruptcy. But then the […]

A College Degree May Not Mean What it Used To…

| August 30, 2016

So you got a college degree…now what?

The Rankings Of The Most Inovative States In The U.S. Show Massachusetts #1, And California A Super Close #2

| January 7, 2016

Boston area’s Route 128 wins out over Silicon Valley, as Bloomberg’s ranking of the most innovative state in the U.S.. Massachusetts is the most innovative state, with California scoring a close second and Washington, New Jersey and Connecticut rounding out the top five states,   Sources: Bloomberg

They’re Called The Princes Of “Rolling Jubilee” (You’ll See Why)….. So Just Who Are These Guys And What Do They Do?

| November 1, 2014

Rolling Jubilee… some say it’s about good vs. evil. But in reality it’s all about money and trying to fix the sales pitch from government and schools directly aimed at students which aggressively encourages student loans, and in the end it’s about fixing the pain of life long encumbrances caused by that sales pitch. The totality of college debt […]

Sooo….How Will The Economy Improve In 2014 If Almost Everyone Has Less Money To Spend?

| January 1, 2014

Just wondering…..Is the U.S. consumer tapped out? If so, how in the world will the U.S. economy possibly improve in 2014?  The bottom 50 percent of AGI (Adjusted Gross Income) households have an income cutoff of $34,823 meaning that over 68 million US households now live on an AGI of $35,000 or less. Most Americans know that the U.S. […]

New Productivity Apps May Forever Change The Way Computers Are Used!

| November 18, 2013

Back in December of last year, Apple’s co-founder Steve Wozniak talked about IT (Information Technology) Forecasts for 2013.  One of his thoughts listed in Forbes click here: (http://www.forbes.com/sites/ericsavitz/2012/12/13/woz-the-great-and-powerful-his-it-forecasts-for-2013/) involved BYOD. That stands for Bring Your Own Device, meaning iPad’s and cell phones that can work on office projects and utilize computer access from anywhere.  Here is a […]

Inflation Based On Three Easy Comparisons…..

| September 26, 2013

Based on the graph below, a new car is the deal of the decade, in fact it’s the best deal going back multiple decades! Wise Dog

Student Loans…Look At This Insane Graph Of Parabolic Student Loan Debt – Much Of Which Is ‘A University Or College Sales Pitch That’s Not Much Different Then A Car Salesman’

| September 26, 2013

“Soaring higher education costs are further widening the achievement gap as non-wealthy students are forced to become debt-serfs to pay for college”. This is a system that forces poor and middle income households to shoulder student loans for decades in return for marginal-return degrees. It is wrong and recklessly predatory. Yet this is the system that […]

A Picture Tells The Story

| September 25, 2013

  Education flails….then fails for many!  

Say It Ain’t So….

| August 6, 2013

There are 28 million Americans with federal student loans, 60%, or 17 million, don’t pay the U.S. government a single cent!  Yep, nota, zippo, zero….not a penny!

Quotes Of The Day…

| November 15, 2012

A wise old Owl sits and watches with ruffled feathers… Quotes for the day!   “Education, n.: That which discloses to the wise and disguises from the foolish their lack of understanding.” — Ambrose Bierce “Education is an admirable thing, but it is well to remember from time to time that nothing that is worth […]

Well…

| October 29, 2012

Maybe it’s just aa simple matter of to many video games……or not!

The Canary In The Coal Mine

| October 17, 2012

This is the Canary in the coal mine for colleges……trade schools get hit first, then private universities, and then state colleges and universities.  The big growth cycle is over for education.  The student population is buried in record amounts of student loans and debt, and this will take a long time to work off.  A […]

Not Looking So Good

| September 24, 2012

Is this a surprise….We think not!

California Sunshine

| May 12, 2012

So, Governor Brown, do you still expect to see Californians vote themselves a tax increase….get real. California’s projected budget deficit has ballooned to $16 billion from the $9.2 billion estimated in January, according to California Governor Jerry Brown, and he warned of more painful spending cuts dead ahead. “We will have to go much further, and make […]

Consumer Credit Soars Most In 10 Years

| May 7, 2012

Yikes….inquiring minds wonder how much more student loan debt these college kids can rack up…hum, this really is an unending spiral! U.S. consumer credit soared by $21.4 billion in March on expectations of $9.8 billion rise, or the fastest monthly expansion since March 2001. Of the toatal, a modest $5.1 billion was from real credit, or revolving style credit-card […]

The Student Loan Battle Heats Up…

| April 29, 2012

Message to students…Hello down there, hang on and don’t worry about a thing… we’re here to help!  Not! There was a big fight in D.C. this past week over student loans.             by Bruce Krasting The issue is a scheduled increase in interest on new student loans from 3.4% to 6.4% set for July 1. Clearly this […]

Student Loans Set New Record Above $1 Trillion

| March 22, 2012

The climb of student loan debt is simply unbelievable in the economic picture of things……it truely is the gift that keeps on taking! U.S. student-loan debt reached the $1 trillion mark, as young borrowers struggle to keep up with soaring tuition costs, according to the initial findings of a government study. The figure, which is higher […]

Can You Name This Tune…Er Bubble?

| March 12, 2012

Hmm…This one’s easy, it’s student loans!  Just a freckle short of a trillion dollars!

Consumer Credit Explodes $17.8 Billion While Student Loan Debt Sprints To All Time New Highs

| March 7, 2012

They got to be kidding….nope, consumer credit rose $17.8 billion in the latest monthly data, on expectations of $10.5 while non-revolving credit, i.e., auto and mostly student debt rose $20.723 billion and had the highest sequential jump in this category ever!  Yes EVER! At the same time…after tax incomes fell for the second time in three months after adjustments, according […]

Student Loan Delinquency Climbs To $85B in Q3

| March 5, 2012

Bad seats, hey buddy……especially if you have a student loan!  We have said repeatedly that this was going to happen, and rest assured we feel it will get worse. Lots worse!  10 percent of the outstanding loan balance shows delinquent in the third quarter of 2011, and as many as 47 percent of student-loan borrowers “appear to be […]

The Student Debt Plan Is A Bad One

| February 8, 2012

Student debt is rising to records with almost every government consumer report, and for a mulitude of reasons. They include steadily spiraling college costs, financial aid cutbacks at public universities and a weak economy to name a few.  And schools across the country are encouraging it because they need the money, most having expanded rapidly in the past few years to accommodate growing but seemingly unsustainable enrollments(let’s […]

Words From A Wise Old Owl

| January 18, 2012

“I have never let my schooling interfere with my education.” – Mark Twain

Chicago Fed President Warns On Savings Drain And New Borrowing Binge

| January 18, 2012

We’ve been wondering the same as new cars are flying off the lot…….American households “have been spending recently in a way that did not seem in line with income growth. So somehow they’ve been doing that through perhaps additional credit card usage,” Chicago Federal Reserve President Charles Evans said on Friday.  In an other ominous sign […]

Lottery Sales Hit Records In 17 States

| November 30, 2011

It’s called “Take a shot”….“We have a situation where a lot of people are struggling financially — the last thing we should be doing is telling people to go out and gamble,” said Hann, a Republican from Eden Prairie.  Now Walmart wants to sell lottery tickets, and no doubt soon the food stamp money will […]

Amazon’s Kindle Fire Tablet To Allow Hulu Plus TV Streaming

| November 13, 2011

Wireless and mobile….the only way to go now days!  But the 7″ screen seems a bit small to us. From the LA Times: Amazon.com Inc. will allow users to use Hulu Plus on its upcoming Kindle Fire device, adding a major source of TV and movie content to its tablet arsenal. The 7″ tablet, which […]

Forty Percent Of Student Loan Holders Now Can’t Make Monthly Payments

| October 27, 2011

Americans have about $950 billion in student loans, and it’s more than all other credit-card debt totals…so the one thing’s for sure, this problem isn’t  getting better until the economy does! The weight of those IOUs is a frequent refrain for Occupy Wall Street protestors and their online supporters. On the “We Are the 99 Percent” Tumblr blog, […]

Robert Reich – The Reawakening Of America

| October 16, 2011

Let’s look at the thoughts of Robert Reich’s mission and not worry about it being Democratic or Republican…because as he explains things, it makes a lot of sense…. as for us at TheStatedTruth.com, well remember we’re just the messenger! Robert Reich: “Look at the Progressive reforms between 1900 and 1916; the New Deal of the 1930s; the […]

Buried!

| September 18, 2011

We have literally buried our young college students with a debt burden that will change their lives for decades. But nobody’s paying attention as the colleges need every penny they can get.  Looking at the chart below, it’s shocking to see that student debt has almost quadrupled in less then three years! Shocking! The unemployment rate for […]

SAT…Sing A Tune, Nope – Let’s Try Again

| September 14, 2011

SAT Reading Scores for 2011 hit an all-time low, but here’s the reason why….In 1973 at the begining of this chart, and in fact before about 2004, only students planning to go to college took the test.  Now, schools encourage…and in some states make, every student take the test.  That makes the average drop, drop, drop. h/t John […]

Consumer Credit Rose In July….But

| September 8, 2011

But wait until you see why?  Non-revolving debt, mostly comprised of educational loans along with loans for autos and mobile homes, rose by $15.4 billion in July, while revolving debt, which includes credit cards, fell by $3.4 billion.  The rise in non-revolving loans was the most since November 2001. We’re going to totally bury (by educational loans) the future pole bearers of our […]

U.S. Consumer Credit Shows A Surprise Jump To The Upside

| August 5, 2011

The background indicates that this isn’t good news….here’s why.  Both Visa and Mastercard have seen credit card use increase, but they have explained that the consumer seems to be tapped out and resorting to credit cards as a source of funds. This would make sense considering how tough the economy is currently.  The most interesting aspect […]

College Educated And Broke

| June 6, 2011

Is an education really worth the cost?  In many cases the answer is YES, but in many other cases the answer is NO, and especially involving  “for profit trade schools”! The cost of education is becoming onerous and student loans are littered with financial landmines.  Many are given to students to attend for-profit schools that will yield very […]

Inflation Component Breakdown Since 2000

| April 12, 2011

Ah, This is easy to understand, energy and college expenses are top inflation runners since 2000. Courtesy of the excellent dshort.com, here is a chart of inflation from 2000 to Q1 2011. In a low-inflation decade, tuition has more than doubled. This is the acme of unsustainability. Students loans are the only sector of credit which […]

Demographics…My Dear Watson!

| April 10, 2011

Here is why things are broken for baby boomers, and unlikely to get a lot better any time soon! The interesting thing about the post-war baby boom and our guns-and-butter generation isn’t what happened during or as a result of this population tidal wave, but what didn’t happen:  the birth rate in America abruptly fell […]

Why Education Matters In The Job Market

| April 9, 2011

From Chapter 4 Of The Book Endgame: What it shows is that employment is very skewed, as is income. This was as of the end of 2009, but the principle is the same. The clear problem in the United States is this: If the highly skilled have 2.5 percent unemployment, how do you reduce that? […]

82% Of U.S. Schools May Be Labeled ‘Failing’

| March 9, 2011

Somebody should think about these programs before implementing them.  Government morons get an F as in failing for setting it up this way! “No Child Left Behind is broken and we need to fix it now,” Education Secretary Duncan said in a statement. “This law has created a thousand ways for schools to fail and very […]

Providence School Board Votes To Fire All Teachers, Has A $40 Million Dollar Deficit

| February 25, 2011

The Providence School Department (District) has a $40-million deficit.  So the big question is: Why was this deficit allowed to get so large in the first place.  Inquiring minds want to know!  Yes we know, nobody learned math 101… so now we have 1,000’s of math morons running public departments supported by the government with large budget deficits around the […]

Another Economic Tidal Wave Coming Towards California

| February 20, 2011

How Congressional Budget Cuts Will Effect California   Under the GOP House proposals, about $1.5 billion in federal funds for California would be trimmed, affecting such things as Pell grants, Head Start, K-12 education and rail projects. Reporting from Washington— University of California students would take a nearly $55-million hit from reductions in Pell grants. […]

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