THE OLD ECONOMY VS THE NEW ECONOMY -
|OMB Director Mick Mulvaney|
A Millennial learns how he's been screwed. College debt and a bad economy
So he's visiting me the other day, debating his future or lack of same and he queries: "So, do I have this right? In the Sixties, if you had a high school diploma, walked out the door, showed up for work on time and worked hard, you could earn enough to pay your utility bill, your phone bill, have kids, buy a house and a new car. Is that how it was?" He looks to me to answer this, because I was there.
"Pretty much," I admitted. "And you could make enough money on your summer break to pay your college tuition for a year."
He just shook his head. Really, I feel for him. All his friends of every age are in so much debt from college that they will more than likely die owing money. Getting a college degree is the ticket to a lifetime of indentured debt servitude. Kind of a hopeless situation. None own their own homes, none have children. Marriage is a distant dream. We're awfully lucky they don't get out pitchforks and attack the DC uniparty, aren't we?