Filed under: Bureaucracy, Democrat Corruption, Economy, Education, Politics, Progressives, Unemployment | Tags: College For Everyone, Seriously Fuzzy Thinking, The Incompetence of Agencies
Just a coincidence, or a sign of the times? Victor Davis Hanson’s column yesterday spoke of “Alphabet Soup Corruption” in which he pointed out that there is hardly a single government agency or cabinet whose reputation has not nosedived since 2008. Scandals abound, from the EPA to the IRS, NASA, VA, ICE, DHS, and the Secret Service, the GSA, HHS, and Medicare and the Affordable Care Act, and many more. I’ve been saving articles about agency scandals, and I’m getting quite a collection.
What do all these scandal and embarrassments have in common? Aside from the fact that many appointees were selected based on their progressive bona fides and that they saw their missions to promote liberal causes, sometimes even at the cost of overriding their own agencies’ mandates, there was a widespread sense that the law simply did not apply to them. The President set the tone with a series of executive orders that overrode federal immigration law. He arbitrarily suspended some elements of the Affordable Care Act for fear that they would prove unpopular in the months before the 2012 election, and has bypassed congressional oversight and jurisdiction, whether by sidestepping the Senate’s ratification of treaties with the Iran deal or allowing the EPA to create new laws regulating coal plants and water standards that were never ratified by Congress.
The ensuing message was that social awareness, fairness, and egalitarianism trumped the rule of law. And the result was that an IRS director, a Secretary of State, an Attorney General, and a Department of Homeland Security Director were assessed not by whether they executed the law but by whether they promoted a progressive agenda.
So today we have an announcement from the White House Council of Economic Advisors — supposedly an independent group of scholars and economists ‘who were supposed to give the president non-partisan advice on economic issues.”
Their idea seems to be that since college graduates are apt to earn more than those who have not gone to college, in the aggregate, then their earning more will boost the economy, therefore their debt is a good thing. American Thinker added:
Student loan debt has nearly doubled under President Obama, from $664 billion to $1.3 trillion. So how does being buried under a mountain of debt help the economy?
Not every kid heading to college will major in something that guarantees a financially rewarding career. Think dance, or women’s studies, or any of the other “studies” majors. Offhand, I can think of far more majors that are not directed to a well-paid career than those that are. And young people often pursue that which is fashionable at the moment rather than rewarding. I recall a conversation with my daughter in which she announced haughtily that she just couldn’t see herself sitting in a cubicle shoving papers around on a desk. ( I should remind her of that one again).
As far as that goes, there are many very successful careers that do not require a college education. Peter Thiel has reportedly established the Thiel Fellowship Program for college students which offers $100,000 to college students with venture ideas who agree to drop out of college and pursue their venture. He’s thinking of the kids who have ideas that “just won’t wait.”
There is some decidedly fuzzy thinking going on in the White House. President Obama assumes that every kid should go to college, which would eliminate all sorts of entrepreneurs and all sorts of careers. The idea that student loan debt boosts the economy is only loosely tethered to reality. Unemployed students or those defaulting on their loans leave taxpayers on the hook. Students may be too fiscally ignorant to be able to make good choices about how much debt is prudent. It should be the obligation of colleges to be good guides.
Colleges and Universities have grown lush with resort-like climbing walls and gyms, and way too many administrators. When the federal government raises the amount students can borrow, the cost of college goes up across the board. We need some serious fiscal restraint here.
3 Comments so far
Leave a comment