Wealthy interests that caused this problem must pay to the point of bankruptcy before working people should pay a dime. This is class warfare.

http://financemymoney.com/student-loan-market-college-loans-for-profit-education-pell-grants-debt-educational-outcomes-bubble-in-higher-education/

Might seem unrelated but it is not.

In the EU the costs of a higher education are subsidized heavily by the Government.

So a very interesting look at the US system. In the US system the Government helps fund higher education via Grants with Private banking institutions providing the Capital. The result of this "for profit" model is private Institutions (Colleges etc) simply HIKING tuition rates so more of those monies flow directly into their pockets.

The Costs of education are rising faster then that of Health Care and drugs.

When it comes to providing education the Private for profit model is grossly inefficient with a great portion of "Government Spending" doing nothing to provide an education but used instead to finance DEBT and ensure profit continues to flow to the banks and Corporate interests.

This is a massive BOONdoggle and what is happening in Greece and Spain is the Bankers and Investor class are trying to replicate what happens in the USA. They want Public systems sold off and privatized so that Corporations can fatten their profits. They engineer these financial crises so as to get their HOOKS into the Public system and thus ensure a steady flow of taxpayer monies into perpetuity.

These forced "Austerity measures" are engineered by the Banking Class the World over so as to ensure the Worker is reliant on them for everything from Health care to shelter, from Higher education to Old age Security , from water and food to services such as police and fire forces , with that one small group of financiers owning EVERYTHING.

This is not freedom and it not liberty. It a cradle to the grave system of debt slavery.

Economic instability is a result of elite mischief. Economic stability is a result of principled popular demands. Unsurprisingly, the elites try to convince the people through the school curricula and mass media that principles are not practical. Certainly not for the elites...

What you have just read is a training pamphlet for Americans. You'll have to take many cuts in order to save the elite. The thing I abhor is the old saying that Americans are tough, hardy, individuals. I believe that to be propaganda that is necessary only when calling us to the latest war. I believe that most Americans are as gutless as Obama and you will never ever see them in the streets, as in Europe, trying to stop the elite from taking our money in order to pay for the mistakes of the wealthy. I have come to the point where I have as much disgust and contempt for the cowardice of everyday Americans as I do the pigs who run this country.

Seize the Assets of every other Financial institute and leave the workers alone.

in a time of increasing operational scarcity, win or lose is the game, no rules, no holds barred, to the death. the winners win , and the losers are left to die,...so the end of j. conrad's "heart of darkness"; "the horror-the horror!"

"Prime Minister Lars Loekke Rasmussen last month proposed an austerity plan, subject to parliamentary approval, that would cut off jobless benefits after two years, freeze development aid and set a ceiling for family benefits."

Quoted for the benefit of any who are uncertain (or are trying to convince the uncertain or mistaken) as to whether or not Citizens -at least currently- have it better in Denmark than in the U.S.A..

-matti.

This is Globalization. The global wealthy are basically saying that Europeans have to accept a wage scale set in Beijing, or Mumbai. While I don't agree with this, I'm simply pointing out that this is what is happening. The global wealthy MAY, for sentimental reasons, want to invest in European labor, but the numbers say 'invest in Asia'.

The response obviously requires a great deal of finesse. Europeans must act to retain their labor advocacy, but not at the expense of the global competitiveness of their products. And they need to understand that labor advocacy in countries like Thailand and China are NOT remote, foreign, adventures with no applicability to their own lives. Rather, those countries are actually where the wealthy want to set their wage scales. And one way to combat this is to align with workers in these countries so that they don't just accept the slave wages being offered to them.

United we stand, divided we fall. The global investor class (and lets face it, we are all a part of that, in one way or another) wants the labor class divided, the easier to fall to 'lowest common denominator' wages. Labor needs to push back, not just locally in Europe, but internationally, everywhere on Planet Earth.

For labor, what happens in Thailand matters to Europe. And a lot is happening, right now, in Thailand. The investor class is already globalized into Thailand, and responding instantly to the situation there. Why isn't the labor class similarly globalized? I guess what I'm saying is: until labor can successfully globalize, they are always going to be picked apart by the investor class. And we see now that the most reliable way of doing this is to manufacture a crisis in which the only way to address a fiscal crisis is on the backs of labor.

To me, the problems are a result of the central banks issuing money at interest instead of the governments simply issuing money debt free. Recommending the movie, The Secret of OZ

Wall Street, with the help of compliant governments (suckers), ripped off the US and the EU.

Now Wall Street demands that those same governments dismantle their own social infrastructure in order to pay back the money that it stole from them.

There is no money to pay back and there is no productive economic activity to create that money.

The ponzi scheme is over. The game is done. Next comes collapse.

After that, who hangs, the criminal bankers, the angry victims, or some scapegoat?

"It is not the poor who have lived beyond their means -- it is the rich who have," said the head of the German Federation of Trade Unions, Michael Sommer.

============

THAT -- we all should know -- is the gist of the entire global Monetizing everything under the sun scheme that we all know as Capitalism.

its main and essential PROMOTERS and participants are the "chambers of commerce" of the world, as well as the "stakeholders" . regardless of the moral or ethical personal merits of the members of THESE "classes" - the essential EFFECT is what matters:

that it is the "moneyed class" that ultimately IS responsible for the "maintainance" of the System which RESTS ON the backs of ordinary people...and when that system runs into trouble - it is the ordinary people who have to pick up the bill to "preserve" the viability of the VERY SAME SYSTEM that causes the disasters.

unfortunate -- but this is what the world has become.

This is great news, and things are moving fast and according to the script put in place by a group of very profound human thinkers who decided to bring the current world order that has existed on Earth for the last many thousands of years to its knees. The problems in the world today are beyond the ken of the run of the mill politicians and their supporting wealthy and religious oligarchies who have held human reasoning and creativity in shackles. Europe, the birthplace of the Enlightenment, true non-superstitious science and the French Revolution will again show the world the way by a European Revolution. I posted the next few remarks elsewhere in response to metal's comment, but they are relevant here too.

The speed and manner in which events are unfolding in the ME, an attack on Iran is going to occur much sooner than 2012 after Obama is defeated by a right-wing surge, draft or no draft. Having any hopes of a peaceful resolution of conflicts in the ME any time soon is not facing reality. It is a mistake to think that the conflicts are rational and are about oil or an Israeli grab for territory - - errors in thinking too many people are making on CD inorder to believe that there are raesoning and intelligent people in charge of most of the great nations in the world. To rationalize something they are too scared to face, namely that the main parties running the show now all over the world are irrational is also a form of irrational head in the sand action.

It is time to realize that most humans are irrational, superstitious and religiously crazy, including most of the so-called "leaders" in the world today. If the leaders and their populations had any sustained power for reasoned thinking ability,the world would not be in the pickle it is - - a looming climate disaster, a looming nuclear war and a completely, economically stupid concentration of wealth in the hands of a few oligarchs propped up by armies of sycophantic religious leaders and corrupt politicians.

The world needs statesmen and women with huge amounts of reasoning power and knowledge about the natural world a la science, wisdom and the ability to break the shackles of false beliefs, superstitions about non-existent divine beings who will materialize from thin air and solve everything, and belief in the voodoo economics of concentrating wealth in a few hands and then expecting the flowering of the human mind to solve problems through creativity, reasoning and science.

But there is a small, as yet seen by only a handful of humans (include Chomsky in this group) RAY OF HOPE. That ray of hope is that the leaders of reason and humanity have played this game over a century or more to scare the living daylights out of ordinary people and make them dump the above described caste of characters and start solving problems by reason, and not religion or ideology.

Time is short for them to make their climax moves in this game.

I see everyone is 'gassing' it up on the internet.

Too scared to take to the streets like the Europeans seems to me.

The 'sheepie' label sure fits.

Be encouraged that there are limits to EVERYTHING. There will be breaking point if the rich keep impoverishing the middle and working classes; it's like trying to cap a well where the pressure continually grows. No matter how strong the lid, there is a point where it will blow off. God help the elites then. Like this gushing oil well in the gulf, they won't be able to contain it. At first, the oppressed peoples will try to narcotize themselves, but this will eventually fail. Once they feel they have more to gain than lose, watch out!

Eat the rich, before they eat you!

Have you seen the election results?

Looks like the incumbents and corporate scum are getting voted in, again.

I knew this would happen. The elections are rigged. You can't change the systematic control that the ruling elite have within the system.

Globalisation equals globalised fucking for everyone but the wealthy.

from n. chomsky: ...Wall Streeters exhibited what Chomsky describes as a Western elite imperial mentality, dating back to 1491 (his first chapter is entitled “Year 514: Globalization for Whom?”). Only this time instead of impoverishing Haitians or Chileans, it was Americans who were afflicted by a “system” of “fuck the poor” (in the words of successful Wall Street trader Steve Eisman). [See Branfman’s review of “The Big Short” in Truthdig.]
The many Americans whose lives have been damaged by financiers’ single-minded focus on short-term profits at the expense of everyone else are only a harbinger of what is to come. Financial elites remain in charge, as evidenced by recent “financial reform” legislation that does not even reinstate the Glass-Steagall law separating investment and commercial banking. New York magazine has described how Obama officials blocked even inadequate reforms, let alone the stronger proposals from Nouriel Roubini, one of the few major economists to foresee the economic crash. Former International Monetary Fund chief economist Simon Johnson tells us “our banking structure remains—and the incentive and belief system that lies behind reckless risk-taking has only become more dangerous,” thus setting the stage for an even worse crash than that of 2008. And, as U.S. competitiveness continues to decline and it cannot afford its endless wars without drastically cutting social spending, countless more Americans will find themselves paying the price for U.S. elites’ imperial mentality.
This mentality described by Chomsky includes the following elements: (1) a single-minded focus on maximizing short-term elite economic and military interests; (2) a refusal to let other societies follow their own paths if perceived to conflict with these interests; (3) continual and massive violations of international law; (4) indifference to human life, particularly in the Third World; (5) massive violation of the U.S. Constitution, especially through the executive branch’s seizure of the power to wage unilateral and unaccountable war in every corner of the globe; (6) indifference to U.S. and international public opinion, which is often more progressive and humane than that of the elites; (7) a remarkable ability to “manufacture consent,” aided by the mass media and intellectuals, that has blinded most Americans to the truth of what their leaders actually do in their names.
To pick but one example of the dozens Chomsky provides: U.S. elite opinion unanimously celebrated the 1990 Nicaraguan election defeating the Sandinistas as a “victory for fair play,” to quote a March 10 New York Times Op-Ed article. But Chomsky reminds us of Time Magazine’s March 12 report on just what this “fair play” meant:

In Nicaragua, Washington stumbled on an arm’s-length policy: wreck the economy and prosecute a long and deadly proxy war until the exhausted natives overthrow the unwanted government themselves. The past ten years have savaged the country’s civilians, not its comandantes. The impoverishment of the people of Nicaragua was a harrowing way to give the National Opposition Union (U.N.O.) a winning issue.

Wrecking a Third World country’s economy and savaging its civilians are such standard U.S. elite behavior that it is barely noticed, let alone criticized in the mass media or halls of Congress. Perhaps the most dramatic example of America’s imperial mentality, however, is the answer to the following question: Which nation’s leaders since 1945 have murdered, maimed, made homeless, tortured, assassinated and impoverished the largest number of civilians who were not its own citizens?...

A lot of populist protesting and forcing the government to pay attention to what they plan on cutting is something the US could learn from Spain. Spain must be having a lot of self confidence and team confidence unlike the States. It is a shame that the only protests that get portrayed are Tea Party or anti-abortion ones and they are all for protecting the status quo. The US government in the meantime is confident that nobody will protest them for answering to the corporate elites and not the people.

Socialism works pretty good till you run out of other people's money