Taxes - How does the govenment get money?!

Americans pay millions and millions of dollars in taxes every year. Some people pay more taxes than others because of how much money they make or how much things they own. On the other hand there are four types of taxes that everyone has to pay. These include sales tax, social security, medicare and federal/ state income tax. So basically the federal government gets its money from tax paying citizens.

High Price of easy credit

The price of rate for simple things like holding a savings account have become harder over the years since the mid 80's. Also The interest rate for various types of loans have gone up a whole lot. These have put many Americans in debt because the loans turned out to be whole lot more then what they had bargained for in the beginning. An average family like the one in the article make 66,000 thousand a year. This is pretty average for an American family but with rate percentages going up they figure taking out loans can help them away from debt but instead assures it. By the end of the year they end up paying more then what they've earned and they're pocket money is all used up in the debts they owe banks.

Student Loans - Beware

I think that these culinary school students take out so much money in loans because they are so anxcious to enter the school they dont think about how long it will take them to repay these loans. I think student loans are good if it's not that much money but if it's the type of loan that will take you over 6 years to payback. I do not plan on taking out a student loan because the college im going to is only 2,000 a semester.