At can send us a text 202 7488003. If you do please include your name and where you are from, otherwise catch up on social cspanwj and on facebook. Happy thanksgiving to you and your family. You can start calling in now. One statistic down how americans are spending their thanksgiving. Only 27 plan to have the traditional thanksgiving meal with people outside of their household. The New York Times with a map trying to break down that data from a survey of some 150,000 americans. That map showing the share of people eating thanksgiving dinner with people outside their homes the darker the color shading. As the map illustrates there is a substantial regional variation with some people much more likely together with others. 14 ofs of vermont, only households will be celebrating with people outside their household. In parts of missouri, more than half of the residents plan to. We ask you this morning about thanksgiving 2020. What you celebrating, what are you thankful for, some responses a
You sit across from your grandmother, you are in complete silence, it is a sacred space. Listen andtes you ask questions. It is just two microphones and you look each other in the eyes. As you know i microphone gives you the license to ask questions you do not normally get to ask. From the beginning of storycorps people thought if i had 40 bits left to live, what i say to this person . At the end of the 40 minutes you get a copy and another stays with us and goes to the American Folklife Center in the library of congress. Your great, great, Great Grandkids can know your grandmother through her voice and story. Because of the nature of what happens in these booths, it started in Grand Central then expanded across the country, we are collecting the wisdom of humanity. We have about 650,000 participate so far. It is the largest collection of human voices so far. We are a Public Service and nonprofit. We are here to serve people. One of the things we are encouraging a thanksgiving, and if
Not talking the same sky loving christian debt were talking they did go on turning in income and then when they graduate theyre graduating move off what about 100000. 00 u. S. Dollars is a level of debt the average is 30000. 00 and in fact its non dischargeable prior to the what happened with the subprime crisis was people could do the jungle mail lock away students could never walk away from this almost all of it is essentially owed to the government so the government owns you anyway and you cant escape it you cant just jingle mail away from the u. S. Government 30000 is the starting level and i go i could graduate. Something of that scope a year so this starting with the debt to income ratio 100 percent before they even pay the rent a little on consider paying a mortgage max and i graduated before 1991 you all graduated around that sort of time the rate of increase since the 1980 s. A lot happened in the 1980 s. We could talk about. The rate of tuition increase has gone up 8 times fa
A huge weight of growth that simply cant be sustained indefinitely and thats whether by the students themselves coming on board well by the windows its a huge increase in the private debt load on the economy and its falling on the people who earn the least money and its setting them up for being able to participate in the rest of the economy life which is also driven by did so i think is one form of it is going to basically a. Student debt is going to make it impossible to keep boosting Household Debt so the Financial Sector is eating itself im so old i remember the 2008 financial crisis and if you recall the sub prime debt bubble up and we have this global meltdown the student debt is already bigger than the subprime debt bubble. That was about an on trillion dollars when you look at it went from 6 to non trillion between about 22000. 00 and fog so were not talking the same sky loving christian debt were talking they did go on turning in income and then when they graduate they grudge.
Welcome to front running 2020 with max kaiser and stacy are over at a bevy of special guests right here in fabulous hipster brooklyn im feeling it so stacy this episode is all about Student Deaths and the students of course are the millennium goals and generation z. They like the candidates promising to get rid of all the student debts theres 1. 00 trillion dollars in outstanding debt today in america that is up from 300 63000000000. 00 in just 2005 joining us to discuss this dr Michael Hudson professor steve kean and randy roller professor steve kean of course you talk a lot about debt and in fact increase the rate of increase of debt what do you think of that number 363000000000. 00 in outstanding Student Loans in 20051. 6 trillion today doubling every 2 years which is a huge right of growth that simply cant be sustained indefinitely and thats whether by the students themselves coming on board well by the windows its a huge increase in the private debt load on the economy and its fal