The US Department of Education resumed collecting on defaulted student loans on Monday. More than five million borrowers are currently in default, and that total could swell to roughly ten million borrowers within a few months, according to the Trumpf junta. The federal government has extraordinary collection powers on its student loans and it can seize borrowers' tax refunds, paychecks, as well as Social Security retirement and disability benefits.
The oligarchs and the Trumpf junta want to extract as much wealth from the masses before the 2026 mid-term and 2028 presidential elections because they may not get another chance for some time. This is why there seems to be a rush to sell our national resources, cut Medicaid/Medicare funding, and weaken Obamacare: Sicken people and create medical debt as they collect on school loans. These moves are attempts to permanently feudalize American society which will drastically reduce the middle class. In terms of Brave New World, the GOP and the oligarchs want a population of white Epsilons: openingclass.com
Link: drudge.com