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Student Loan Debt Destroying Relationships

Nobody likes unpleasant surprises, but when Allison Brooke Eastman’s fiancé found out four months ago just how high her student loan debt was, he had a particularly strong reaction: he broke off the engagement within three days. Ms. Eastman said she had told him early on in their relationship that she had over $100,000 of debt. But, she said, even she didn’t know what the true balance was; like a car buyer who focuses on only the monthly payment, she wrote 12 checks a year for about $1,100 each, the minimum possible. She didn’t focus on the bottom line, she said, because it was so profoundly depressing. But as the couple got closer to their wedding day, she took out all the paperwork and it became clear that her total debt was actually about $170,000. “He accused me of lying,” said Ms. Eastman, 31, a San Francisco X-ray technician and part-time photographer who had run up much of the balance studying for a bachelor’s degree in photography. “But if I was lying, I was lying to myself, not to him. I didn’t really want to know the full amount.” At a time when even people with no graduate degrees, like Ms. Eastman, often end up six figures in the hole and people getting married for the second time have loads of debt from their earlier lives, it should come as no surprise that debt can bust up engagements. Even when couples disclose their debt in detail, it poses a series of challenges. More Here..

If You Don't Fight for the Middle Class, Kiss It Good-Bye

America's corporate chieftains must love poor people, for they're doing all they can to create millions more of them. They're knocking down wages, offshoring everything from manufacturing jobs to high tech, reducing full-time work to part-time, downsizing our workplaces, busting unions, cutting health care coverage and canceling pensions -- while also lobbying in Washington to privatize Social Security, eliminate job safety protections, restrict unemployment benefits, kill job-creating programs and increase corporate control of our elections. It's said that the poor and the rich will always be among us. But nowhere is it written that the middle-class will always be there. In fact, it is a very recent creation in our society (and an unavailable dream for most people in the world). America's great middle class literally arose with the rise of labor unions and populist political movements in the 1800s, finally culminating in democratic economic reforms implemented from the 1930s into the 1960s. Social Security, wage AND hour laws, collective bargaining rights, unemployment compensation, the GI Bill, the interstate highway program, civil rights laws, Medicare, Head Start -- and more -- provided the national framework necessary to sustain a middle class for the American Majority. More Here.. Gold Could Double over Five Years – Headed Higher with Government Resentment

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