Get this MM........I will fight you people to the death that would cut off student loans. So bring it on. - tejek
Ignorance is why you say this. If you really understood how subsidies directly lead to price hikes for education, which puts more and more students out of reach of affording college, then you wouldn't say this. Has the cost of education gone up? No. In fact there are macro trends in education that SHOULD BE pushing the price of Baccalaureate education down. However, it is socialism that is acting as a countervailing force to push prices through the roof. It's the new expensive buildings, including sports arenas that have gone up and universities are putting those costs on students, because they can, because students have access to cheap capital. It's the increasing default rates of students who get worthless degrees in non-viable, non-economicly productive areas, that push up the malinvestment in Universities, which then pushes up the costs for other students. Take away the easy money and universities will be more focused on academics and spending money on improving the quality of education in those areas the economy needs most. And the costs to students will be much lower.
Anyway, I have already realized long ago that you don't make the connections between multiple causes and effects to understand why socialism doesn't work. So it's like talking to a wall on the topic of the merits of capitalism versus socialism.
Why don't we talk about something we likely agree on? Immigration for example. Obama's making a new immigration simplification push. I'm all for that. Given the trajectory of our spending and the aging of the population and lack of procreation, we need for legal immigration to pick up the slack on our dwindling tax base. This is one of those macro policy shifts that Obama could implement that would have a VERY large fiscal deficit reduction impact over the long run. I hope he's successful and I hope he throws a bone or two to the highly educated immigrants, not just the South of the Border ones. Oh and my family is a family of immigrants. Just wanted to throw that out there. I'm allowed to voice my opinion on immigrants in a non-PC way, because I've seen how good and bad policies impact this country and the immigrants themselves in a most visceral way. |
