Government

Entitlement in America-the new responsibility, but I’m a victim😰

The Os­bornes say they are the vic­tims of a for-profit school that made false promises and a preda­tory lender—the gov­ern­ment.

“Do you think I’m go­ing to give them one penny I’m mak­ing to pay back the loan for a job I’m never go­ing to hold?” said Mr. Os­borne, 45 years old, who stud­ied to be a health-care worker but can’t find a job as one.

Mr. Osborne said the government should have never extended him and his wife so much debt for jobs that are in low demand. He now makes $13 an hour in sales for a solar-power company, while his wife works as a maid.

Jason Osborne and his wife, of Medford, Ore., owe a combined $46,500 in federal student debt after each took a pair of courses at a small for-profit school to become phlebotomists. They couldn’t find work in the field.

A Standoff Over Unpaid Student Debt – Wall Street Journal August 2, 2016

There is so much wrong with this story, it’s hard to know where to start. What words can you use; stupid, irresponsible, naive, symptomatic of America today? Depressing comes to mind as well. What couple with any common sense would both accumulate debt seeking the same job and not knowing anything about the job prospects?

They are right about one thing, we have created a society of victims and our politicians are feeding on that perception. Just listen to Sander’s and Warren on college costs. Everyone is a victim and nobody takes responsibility.

The couple in this WSJ article racked up debt on the taxpayer’s dime to become phlebotomists which a thirty-second Internet  search could have told them was a low paying job. Such a search in their area could also have shown them the job market. Instead, they now blame the school for poor instruction, and for misleading them. They blame government for loaning them the money.

The average wage for a Phlebotomist is $13.63 per hour. The median is $13.00 and the range is $10.00 to $17.89 an hour ( a short search told me this too). Ironically the job Osborne has pays the same as the job he says he wanted, but he still doesn’t want to meet his obligations.

Keep in mind that the “them” referred to above by Osborne is you the taxpayer. 🤑

img_1056Are these people representative of the state of America? Is this the kind of society we have become; one of no personal responsibility for our actions? Sadly, looking at the attitudes of both millennials and seniors who too believe they are entitled to more, seeking what we are “entitled” to seems to be the order of the day.

Shouldn’t we be investing this money in training for jobs that are needed and available; for jobs that provide an income capable of repaying loans? Instead we throw money around with little criteria to evaluate the cost/benefit. In other words, we put people like those above in charge of spending our money… a typical liberal strategy. 

The question is who will be providing all these free goodies? That’s easy; somebody else … that nebulous group of wealthy Americans who had the audacity to work, save, pay most of the taxes, invest and make prudent life choices. The trouble is there are not enough of them and getting fewer it seems.

And consider this; for those who want a $15.00 minimum wage, do you think that will have any impact on health care costs?😷

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Categories: Government, My Opinion

3 replies »

  1. Back to the “old days” – have loans issued by for-profit institutions, which would do a credit check, and have mom or dad cosign or have the individual secure the loan by pledging other assets. Let’s see how many defaults we would have when the family homestead is on the line. With regard to those who have no assets to pledge, and no mom or dad (or other relative to cosign), it would be up to the bank to decide whether or not to loan money – in exchange for a percentage of future earnings (see Purdue).

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  2. One cannot escape the fact that there is no personal responsibility anymore. But I do blame the government for part of this problem and the problem was created over the past several decades by both parties. That problem is the government’s willingness to throw money at problems with no accountability or common sense. Beside student loans you can look at the mortgage disaster as another example.

    There is at least one warning sign that suggests that this is a bad idea for taking a student loan and that is the banks are unwilling to make the loan but I do not expect the student to realize that after being sold a bill of goods by the government that education is the way up and the school sells a program that they have the answer and the classes. Also the lag time between government data and reality is often several years. By the time a government report identifies a shortage in a particular career field and the schools responds, the shortage is either gone or there is too much capacity in the classroom than there are jobs.

    I think that there should be a Truth In Lending statement for student loans. A form that states what the total cost for the degree or certification is, total debt payments, the expected earning potential based on actual wage income not predicted income, the current number of job openings in a 25 mile radius on the day that the application is filed, and the number of graduates for a given program.

    It is not hard to see that if schools are graduating 1000 students for only 10 jobs that will end in disaster. I blame the student for that lack of research and I say make them pay.

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