Relevant and even prescient commentary on news, politics and the economy.

The highest earners have amassed a growing share of total wages

Congress continues to trash Social Security without adding the “very” necessary requirement of greater inputs to support what was already there and now adding a new funding requirement. Democrats have passed on providing a solution to Social Security shortfall which appears to be increasing with new withdrawals. Not that one always has to have a […]

Not Quite What They Say It Is

An Unparalleled Record of Support for Federal Student Loan Borrowers  Biden-Harris Administration Approves Additional $4.28 Billion in Student Debt Relief for Nearly 55,000 Public Service Workers, U.S. Department of Education Federal Student Loan Portfolio-by-Age.xls Since day one, the Biden-Harris Administration has been committed to helping borrowers who have struggled with the burden of student loan […]

Americans pay more for health care

I have been writing on the costs of healthcare in the US for years and also presenting other articles discussing the same issue of cost and care. Over the years, it has not gone away and has only worsened. The 340B program which is supposed to be used to help those in lesser neighborhoods has […]

The business model of modern universities

I’m seeing people attacking universities, particularly private universities, for accumulating large endowments while allowing their graduates to accrue education loans that saddle them with debt for years or decades and cannot normally be discharged by bankruptcy. Why aren’t these universities the lenders? Setting aside the question of whether it is in the national interest to […]

Public vs Private Wealth – Breaking Free

A More Democratic Economy A 1787 newly minted United States of America wasn’t far removed from an old Europe where not so long before all property belonged to the crown or state; where only a hundred years or so earlier John Locke had first defended the idea of private property at a time when most […]

Student Loan Debt Forgiveness

Can President Biden cancel student loans? Why not? Newly elected President Trump has every intention to pardon the October 6th insurrectionists. Most of the loans depicted in the graphs have been recast into new loans having the interest rolled into them. It created a misconception of these being new loans instead of older loans. This […]

How is my Hair???

Commentary: Trump’s pick for education secretary shows he understands the assignment, Erika Donalds, The Heritage Foundation There are answers to this author’s commentary. I will wait for another time to discuss student loans and private education in the US at the expense of a public education. Commentary: Trump’s pick for education secretary shows he understands […]

Navient Student-loan Borrowers Cancellation Special . . .

Applications are “carefully reviewed” by a legal team to determine eligibility for debt cancellation, yep! What does continuous growing Student Loan Debt look like today? Federal Student Loan Portfolio by Age. The chart below only shows the last 4 years by Quarter. President Joe Biden has been attempting to grant relief to students. This is […]

Spain as the best economy in the world for 2024

Not an article by The Economist. Indeed, an article reporting on The Economist piece as written by La Vanguardia. A positive take on The Economist article. As reported, Spain achieved the best economic results of any nation with the exception of GDP per capita over the last year. Not everyone is in agreement. But all […]