Posts Tagged ‘programs’

“Thanks to Google, Facebook, and all the other data-gathering operations being run out of Silicon Valley, children born in the last decade will have no concept of privacy.

These companies will record, monitor, and track every single thing they do online. The word ‘privacy’ will be a meaningless term to them….

These Silicon Valley giants gather mindboggling amounts of highly personal data on their 4 billion combined users.

They then hawk it to advertisers… and even pass it on to the National Security Agency (NSA), via court-approved electronic eavesdropping programs….

Every traditional digital financial transaction you’ve ever made – credit card payments, bank transfers, even ATM withdrawals – has been tracked, stored, and monitored.”

-Chris Lowe

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“The High Cost of Good Intentions, a history of U.S. entitlement policy…. the evolution of government pensions….  the hard-to-believe but true fact that there is still one person receiving monthly checks from the Civil War veterans pension program.” -John Cogan

The situation in auto loans is dangerous.  But the situation developing in student loans is much worse.  Here, loan totals have grown enormously – with wild abandon – over the past decade.  The total amount of student loans has doubled since 2009, to more than $1.3 trillion.  And why shouldn’t students borrow money like mad?  Much like subprime car buyers, they have no intention to ever pay it back….  The U.S. Department of Education reports that 51% of students are currently not servicing their debts.  That’s from data compiled last year.  Since then, the number of students getting deferments has soared, thanks to aggressive marketing of Obama’s various college-loan programs.  Not surprisingly, students who take deferments are much more likely to eventually default.” -Porter Stansberry