Consumer Credit Soars As Uncle Sam Resumes Handing Out Billions In Student Loans With Reckless Abandon

Tyler Durden:

Finally, those curious why the government will do everything in its power to pump any and every possible dollar into the economy under the guise of student subsidies, here it is again: at last check there were $914 billion in Federally-Funded student loans and rising at a rate of $20 billion per month.

Posted by Jim Zellmer at October 9, 2012 1:47 AM
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