The other day I realized that I have never, in my adult life, had a positive net worth.
There have been a few articles lately on CNN and other news sites about the crippling weight of student loan debt. I have to say, it's fucking bad. Really.
What exactly is the point of discouraging kids from going to college for a better education, to a better job, to more taxes to the government and a more competitive workforce?
And of course Bush hacks away even more aid recently. I know that's not what he SAID, but it IS what he DID...
As debt goes, it's not a bad one. interest is tax-deductible, and the rate is low. So low, it's not worth paying off early. But still, it's there, and it's bullshit.
Same thing if you want a house: debt forever. Now I'm seeing the ARM foreclosures. And laughing. "we didn't realize what we were signing." ha!
Anyway, I guess I should be happy that I'll have a positive net worth later this year. But I'll never be debt-free. It's just not the American Way.