Chart of the Day: Student Loan Debt Is Skyrocketing

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You’ve probably seen this chart before, but it’s worth seeing again: Student loan debt is just flatly out of control. I understand why this has happened, and I understand why it’s hard to get a handle on, but we’re going to regret it if we don’t do something about this. We’re training a whole generation to be wary of going to college, and for those who do, we’re forcing them to start out their lives living under a mountain of debt. This is a recipe for disaster. More here from Maggie Severns.

It’s also yet another fault line between young and old that’s not likely to turn out well. My generation got a cheap college education when we were young, and we’re getting good retirement benefits now that we’re old. Pretty nice. But now we’re turning around and telling today’s twentysomethings that they should pay through the nose for college, keep paying taxes for our retirements, and oh by the way, when it comes time for you to retire your benefits are going to have to be cut. So sorry. And all this despite the fact that the country is richer than it was 50 years ago, and will be richer still 50 years from now.

But at least today’s kids don’t have to worry about being drafted. That’s something, I suppose.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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