In the annals of history, our generation will be remembered as the generation of the educated poor. Serfdom's back. Nearly three years after the historic housing-market meltdown, obtaining a college education has quickly become the next historic American Dream laced-bubble to burst. For the first time, Americans owe more on their student loans than they do on their credit-card bills, with a tally that could soon top $1 trillion -- leaving millions of recently graduated kids with crushing debt burden at a time when decent-paying jobs are scarce. Also, consider IMF's recent finding that U.S. debt per capita will exceed GDP per capita this year for the first time in our nations history, and it becomes quite clear that something is very very wrong. In effect, the American education system has become a powerful tool that both the government and banks utilize to sell long-term loans. As the #OccupyWallStreet protests continue into November and December, I have a felling that student loan debts will become one of the galvanizing tenets behind the movement. Serfdom's back.
