Page 291 - Beers With Our Founding Fathers

A Patriot’s view of the history and direction of our Country

graduates will be employable, and those that are will be unable to

pay – extensions will be given. So, what should begin to be
collected in five years will not – it could be six to ten years before it

is. And, because the government is a non-profit, it is simply pouring
out money in a student loan program that is more deficient than

Social Security or other legitimate and funded earned entitlement
program (Benefit Culture). At least with Social Security there have

been only several years of paying out more than is paid in, and for at
least the first several decades it collected more than it paid out.

When the government does begin collecting payments on student
loans – it will be six to seven years of interest and then three to four

years of principal, ten years before one loan is paid. So, if a student
goes to school for four years, and begins paying in year five – it will

be year fifteen, at best, before the loan is paid. In that fifteen years
the government will not have collected even a minute percentage of

what it continued to loan to thousands of students. Millions will
quickly become Billions – and that is money that will be borrowed,

because there is not enough taxable income in our Country for the
future accumulation of debt this program alone will generate. It will

be deemed such a huge Parasitic Cult motivated unearned taxpayer
funded government handout success (they will, of course, simply

call it an ‘entitlement program’), that provided our Country has not
committed economic suicide it will expand to home loans, small

business loans and other loans that are presently only guaranteed

by the government; it is already set to be a much more destructive
healthcare program. Less than 5% of these guaranteed loan
programs were ultimately paid out by the government – our

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