NEW YORK, Sept 20, 2012 /PRNewswire-iReach/ -- Sanjay Sanghoee (www.sanghoee.com) is the banker who "came in from the cold".  Through his journey at leading investment banks and hedge funds in the 1990s and 2000s, Sanjay got an inside look at the 1% of America, how they work and how they live.  As corporate scandals rocked the nation, Sanjay realized that corporations and wealthy individuals were gaming the system and leading us on a path of destruction.  He soon published a hard-hitting novel, Merger, a corporate thriller from Forge (St. Martin's Press), and became a vocal political and business commentator.

(Photo: http://photos.prnewswire.com/prnh/20120920/CG77985-INFO)

Today, he blogs regularly for the Huffington Post and other publications on many hot-button topics, including the Elections, Wall Street Reform, Tax Policy, Gun Control, Gay Marriage, and Women's Rights.   Sanjay has offered unique takes on each issue and is not afraid of taking a stand on what he believes is right. The results have been strong: his articles are routinely shared hundreds of times on Facebook and Twitter and he has been on HuffPost Live and the Rich French Show to talk about politics.

For selected blogs, please visit Sanjay's website at www.sanghoee.com  The site also provides links to his novel Mergerand his latest book Portrait of Malice, a thriller set in the art world.  Sanjay lives in New York City and is available for media appearances and public speaking engagements on political or financial topics.

Sanjay's latest piece is a detailed analysis of how Republican policies could pave the way for Economic Slavery in America.  Here is an excerpt:

America's Path to Economic Slavery Under the Republicans

By Sanjay Sanghoee (From the Huffington Post)

As Republican rhetoric leading into the elections becomes increasingly bizarre (Mitt Romney's infamous "47%" remark being the latest example), I have been scratching my head about what the Party is really trying to accomplish. But then it finally dawned on me. What the Republicans are pushing for, and what their mega-rich financial donors want, is to tie the chains of economic slavery around America, and more specifically, the working class.

If you have any doubts about this, consider the building blocks of success for working class Americans and you will see how the Republicans plan to crush all of them:

Public Education

Romney has been actively lobbying for replacing public education funding with school choice vouchers, an idea that sounds great but which would in reality lead to the gutting of our public education system. While some students might benefit from being able to transfer Title I and IDEA funds to public charter or private schools, the majority of students will suffer as money is siphoned off from the public sphere. The reason for this is that public charter and private schools have limited space and will not be able to accommodate every student who wants to move, leaving the rest of the students, many from low or middle-income families, struggling in an under-funded and neglected school system.

To be fair, there is merit to the Republican push for performance from teachers and schools, and even the Obama administration is trying to motivate schools to perform better through the Race to the Top Initiative (which has offered more than $400 million in grants to the poorest districts in the country for education reform), but the dismantling of our basic public school infrastructure to accommodate personal choice is the wrong solution. It is a variation on the same Darwinian principles that the GOP applies to the business sector and which will compromise the future of millions of American children who will fail to receive an adequate K-12 education.

College Aid

In a display of ideological extremism, the Republicans have called for ending the federal direct student loan program that has helped college students for decades in financing the exploding costs of higher education in America. Instead, they want the government to insure private student loans made by banks, which will be good for the banks but not the students. In a private system, banks will have the power to impose more stringent requirements, making it harder for deserving students who cannot meet some arbitrary criterion to get loans, and also impose higher interest rates. Additionally, House Republicans want to cut the Pell Grant program for low-income students by as much as $170 billion over the next ten years, which would leave almost one million students without the financial aid they need to attend college.

The Republicans also oppose the $8 billion Community College to Career Fund, an initiative put forward by President Obama to train millions of workers for good jobs in active industries. The Fund is an important step in expanding government resources for community colleges, which are the only option for many low-income Americans who cannot afford to send their children to private universities, as well as a powerful vehicle for preparing the workforce for tomorrow's competition. So why would the GOP object? Because community colleges provide a chance for the kids of working class families to gain higher education, and create competition for more expensive private schools.

Which brings us to for-profit colleges (not the Ivy League variety but the other kind), which are widely regarded as scams since the value of the degrees from such schools is debatable, half of the enrollees leave without collecting a degree at all (despite paying through the nose for their time at school), and on average these institutions channel less than 18% of their revenues toward actual education. But Republicans love them and use every opportunity they get to applaud this dubious industry. Other than the fact that one of Romney's major campaign donors is the CEO of a leading for-profit college, the GOP's inexplicable support of this business just betrays their desire to dismantle public education and to hand over our future to the private sector.

To Read the Full Article Click HERE

Sanjay Sanghoee Author, Political and Business Blogger, 917-754-1524, sanjay9000@gmail.com

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SOURCE Sanjay Sanghoee