You're watching...
OurTime.org’s Matthew Segal discusses why he is still supporting the Occupy Wall Street movement.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
Speaking of messages the Occupy Wall Street protests well it's still going strong.
And while we're not always sure what their messages -- seems like the demonstrators are pretty united on one thing they want the government to -- -- student loans.
Excuse me occupied -- Matthew -- from our time dot org -- live with us now from Los Angeles Matthew.
Here's -- thing.
All one -- you rail against the B the Indian.
The Wall Street and the lack of integrity there on the other hand you're saying I wanna -- my 30000 stood alone.
Actually.
Most of the people who take out student loans are never taking them out with the notion.
Let me neglect these loans later -- the government forgive -- twenty years later they're taking out loans in good faith it's an investment -- getting education.
And getting a job.
But again.
Why -- they they're all saying we just have to -- -- out you took out a lot.
A lot we're talking a loan -- this is that they thing we heard with housing where it will -- housing you probably have more legitimate argument but.
You know that you're making an investment you know other right now people with college -- 74% unemployment you know the courts and you're like you're gonna make one to two million dollars more than a high school got -- -- -- only got out of high school.
You -- to your point this is an amazing investment.
Why should did government swallow it -- -- taxpayer swallow it.
No one's asking the taxpayers this wallet most of these people want to pay back their lowest in the best of their ability all we're saying is -- big debt management.
Our priority because when your graduating and by the way the recent college graduating.
Five years have over 10% college unemployment.
But when you're graduating in that kind of unemployment market and you're already -- all -- interest before you even have a job.
It's it's not good for the economy because people have the discretionary money in their pockets to put back again and support small businesses and get things moving again.
-- two what -- and Occupy Wall -- really occupied campus because what you're talking about if you think you've been snookered by.
The education business back -- they said hey committee -- have been a lot of money with us we'll give you good education you're going to be able to make money -- and hasn't turned out that way because of the timing of the economy wanted to go over and camp -- -- the chancellor's office.
We may -- interesting point.
I think college graduates today you to really look at where the demand in the labor market is.
The demand in the labor market right now is for computer technology skills it's for nursing positions as.
The baby boomer population ages it's four.
Energy positions in.
Not all those positions you for your college degrees than than you can get a tactical agree a tactical school so I think people need to prepare -- -- All what -- education should be to -- labor market demands.
But.
You know in terms of the student loan probably need to step back and look at the cost of education the first what's the cost of the higher education has outpaced the cost of living.
By.
-- -- financial degrees and and that's because college endowments are sitting on their -- kind of like big corporations and they're not.
Making that money available for -- those.
Occupied campus occupy Washington Washington controls is that a loan program well you know I think -- right it's not about -- -- at these pictures these professors.
Get paid hope that they keep getting more money and more money they have all -- money that's sitting on and yet they get all of these breaks all of this money.
Why these kids mad -- Wall Street about their college tuition.
-- it they're two separate issues they're upset with Wall Street because Wall Street has bought off the political process and our politicians today.
Are more accountable to big banks in the that we want our politicians to be more accountable to the American people unless bought off by special interest well I got it most of these students are protests -- Matthew I listen I like -- and I appreciate you -- from but I think I think you guys make a big mistake though when you wanna blame Wall Street for everything that's is that this is an interesting topic in the one that you have a legitimate right to be.
Frustrated with but it did the notion that Wall Street and that the college system that the federal government.
-- the culprit here as they give you can't connect those dots that the brits who farmer friend.
We've run out of time we always want it you'll be back then you'll be back -- -- all right thanks Charles RJ yeah.
