This is a response to the Ed Wood letter printed in the Feb. 10 Daily Journal edition where he takes exception to a young woman’s opinions regarding the difficult road ahead to “make it” in our country today. He seems to put no stock in her assessment of today’s “land of opportunity” because of her youth. Well I am in my 60s and a long way from my youth, so let me give it a shot.
How about some facts? More young people are having to live with their parents because they simply don’t make enough money to make ends meet. Wages are low; benefits are nonexistent; pensions are a thing of the past; and the future is bleaker than any time since the postwar ’50s.
The rich are getting richer and pay a lower tax percentage than the minions that work for them. And by the way, Mitt Romney is part of the elite group of multimillionaires who get by with paying less while enjoying their ride on the backs of the ever-decreasing middle class.
So how about those college costs? The average tuition at a state college is about $13,000 a year now, and that does not include room and board of another $8,000 per year. Not many scholarships are available since more kids are going to college now, and the competition is fierce for the available dollars.
You suggest student loans. Student loans have to be repaid. Currently repayment costs are about $100 per month per $10,000 borrowed for a time period of 10 years. So our new college grad who has to borrow his or her way through school can expect to pay about $800 a month for 10 years. They better find a good job and fast if they have that financial burden while trying to pay living expenses.
How about health care? All I can say is thank God someone finally has started to address the issue. Obamacare won’t cure all of the health care system ills, but at least it is a start down the right path.