Chuck, when you and I went to college, our tuition was less than $200.00 a semester.

By 2007, when my millineal aged daughters started college, tuition was $16,000.oo a semester (and that did not include housing, books or materials).

Now do the math - I have two children, both spent four years at a state college, and one spent another four years at University.

After graduation one started her own company, and one works at a law firm.

Today, their student loans are paid off, they both have $50,000.00 invested in retirement accounts, another $30,000.00++ in savings, no credit card debt and they paid cash for their cars - but neither one of them can afford to buy a home.

If you did the math, you know that my children's college tuition loans ate up all the money that you and I had to buy homes with.

You are missing the fact, that the financial system sucked up our children's money before they finished school - leaving them with nothing to start their lives, build businesses and buy homes.

The real question is what did the financiers do to earn these young people's money? Answer - nothing. They did not earn a dime and no one owes them anything at all.

Once the financiers do their fancy accounting tricks, student loan debt will vanish - and reappear as an asset on their balance sheets.