Debt has reached $1 trillion but politics hamper solutions
When it is election season, it’s always best to play it safe. But that’s not the only thing holding politicians back from taking bold measures to solve problems, such as the student lending crisis. Outstanding student loan debt is now at $1 trillion and no relief is in sight. Why? The list of reasons is long – the corrupting power of money in politics, partisan bickering, the overwhelming influence of lobbying groups over the needs and wants of the American public, etc. – and more bullet points are being added to it and worsening the political landscape. Of course, politics in the U.S. has always been rife with problems. However, many seasoned staffers on Capitol Hill have noted that the partisan battles have worsened in recent years. Many experts bemoan the loss of bipartisan efforts – except, as they point out, when it comes to the two parties passing huge budgets for the Pentagon and the defense industry – and talk of the dangers of a political system that is a duopoly.Read the entire article here.
Also, here's my latest interview over at Russian News (RT) about the student lending crisis.