Letters to the Editor

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ECONOMY: We keep asking the wrong questions

Letter by Robert M. Brown, Fircrest on July 9, 2013 at 8:37 am | No Comments »
July 9, 2013 9:22 am

I was bemused but vexed when I read the Stephen Stromberg article (TNT, 6-8), “Even at 6.8 percent, student loans are a good deal.” It made me think about how we are asking all the wrong questions these days.

Student debt has reached more than $1 trillion, exceeding credit card debt, and it cannot be forgiven through bankruptcy. Costs of college have skyrocketed for the past two decades, and while the value of the education might be great, it is totally the wrong question to ask whether the loans are a good deal.

They are another good deal for banks. Just like all deals are good deals are for banks.

We have forgotten the Occupy movement; it fizzled because news reporters were asking the wrong questions then, or they, too, were beholden to the big money that banks provide.

The questions we citizens need to ask involves where the money is behind an issue.

Why won’t Attorney General Eric Holder charge banks and bank CEOs with any violation, when they clearly have broken many laws, including laundering money for Mexican cartels?

Why won’t any reporters ask critical questions of the Obama administration for continuing to spy on Americans and for going after the leakers instead of accepting these acts as heroic?

Why don’t we ask critical questions about why Democrats won’t compel the vote for Richard Cordrey for director of the Consumer Financial Protection Bureau?

I am thinking the answer is money – big money – and I am concerned that most of our leaders are guilty.

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