I finally found out what the total student loan debt load was in this country. It is 527 billion dollars. Less than the bailouts we gave to Wall Street but a burden that our young people will carry with them, along with the deficit, into their senior years. What enrages me most is the interest rates that these kids need to pay. 7% and more. Yet I can go buy a new car for 1.9%. What the hell are the Congress, bankers and financial institutions in this country doing to these kids futures? And the Universities bear lots of blame too.
Speaking of buying a new car, that is what I need to do soon. I have leased my last four cars and have decided most likely I will buy the next one since I am retired. I am struggling with buying a small SUV I will need because of some planned photo essays that will require a little off highway travel. Their mileage is not great. We own one hybrid now but the SUV Hybrids are very expensive. What to do? The Subarus, Hondas and Toyotas are all nice so picking one is difficult. My one vice in life is insisting on all the bells and whistles in a new car.
I need to get busy today and write Governor Richardson a letter asking him to veto the guns in liquor licensed restaurants bill that is on his desk. As a former state liquor director I can state unequivocally that this is a stupid thing to allow. I asked a waitress yesterday at such an establishment what she thought about the law and she was dumbfounded anyone would pass a law like that.