Eighty-five percent of our alumni stay in the region, contributing their talents to the economic recovery of our cities [...]Haynes did not give the percentage of CSUSM graduates living with their parents and thus contributing to household laundry efforts.
Politically, a Tyranny of the Majority comprised of those who draw direct transfers/benefits from the Federal government, is ruled by the top ½ of 1% financial aristocracy who own the majority of income-generating assets. The minority, who pay most of the taxes (the 24.5% between the majority and aristocracy), will see their taxes rise as the aristocracy buys loopholes and exclusions [WCV note: not just loopholes and exclusions, but immensely profitable government contracts and bailouts!] while the bottom 50% pay no income tax.It is obviously not sustainable and will end very badly, but that is a discussion for another day.
Financially, the Federal government’s spending has outrun the tax revenues being collected. Structurally, Federal expenditures for entitlements (Medicare, Medicaid, Social Security, Veterans Administration, etc.) will rise as Baby Boomers retire en masse over the next 15 years, while tax revenues will stagnate along with earned income.
There is no way to square these circles.
The political foundation of America is starkly unjust. An entrenched financial Aristocracy buys the complicity of the bottom 50% and retirees with Federal transfers – a Tyranny of the Majority. The 24.5% below the Aristocracy who pay most of the Federal taxes are dominated by this alliance. This may be legal, but is it just? Even more critically, is it sustainable?
Lauren Dollard, a 26-year-old assistant at a nonprofit in Houston, said her low credit score had helped to stall her romantic plans. Her boyfriend is wary of marrying her until she can significantly pay down the more than $150,000 she owes in student loans and bolster her credit score, she said.While the article focuses on credit scores, singles would be wise to pay attention instead to the type of debt. Credit card debt is like gonorrhea or chlamydia: it can be easily eliminated with the wonder antibiotic of bankruptcy (and who hasn't run up $20K at Macy's or screwed a stranger unprotected in a bathroom stall?). Student loans, however, are immune to bankruptcy just as herpes and AIDS are incurable. Avoid student debtors like you'd avoid a needle-using Haitian prostitute.
Ms. Dollard’s credit score is so low, around 600, that she hasn’t been able to qualify for a car loan. She sympathizes with her boyfriend’s position because he “doesn’t ever want to be accountable for the irresponsible financial decision I made,” she said.
Phil Spector (the producer for the Crystals, Ronettes, etc.) promised Love that He's a Rebel as well as follow-up singles would be released under her name, but Spector reneged on that promise and instead released all of Love's hits under the Crystals name.Watch Darlene Love on Letterman here:
In 1964 the "British Invasion" began (Beatles, Herman's Hermits, Rolling Stones, Dave Clark Five, etc.). The "British Invasion" coupled with the "Surf Sound" (Beach Boys), and the "Motown Sound" (Supremes, Temptations, etc.), marked the end of the line for the traditional girl groups from the early 60's. Darlene Love never got the recognition she deserved.
X : Yes. But also, America's abundance of natural resources and history of fortuitous developments kinda seems like God shed His grace o...
