Reading an AP article the other day where Obama announced he was going to take over student loans from banks. And they wouldn’t be loans anymore … they’d be funds given to individuals to go to college.
His reasons? Well, number 1 was the one that got me. Banks were the “middle man” and “inefficient.”
The “inefficient” comment got me. Sorry. Laughed out loud. Because we all know that the governmnet is SO efficient. (more of that Irish sarcasm)
Oh, and viewing banks that make amazingly available low-interest loans as “middle man” shows Obama’s fundamental viewpoint. What are the banks getting “in the middle” of?
The government providing free education for all, that’s what. Let’s follow the line here and see where it takes us.
Educationally, if everyone gets a college degree, it no longer becomes an indicator of success. Extending the American public school system into the collegiate level on a broad scale (we’re really close now, anyway) only makes the college degree the new high school degree.
To look at the cost of this will be astounding. As the government fully pays for college education, what will happen to the cost of education? It will go up … which will create more people in need of assistance, and the monopoly on education will make the cost so bloated as to be even more ridiculous than it is now.
While some might validly criticize student loans and banks for inflating the cost of education, as insurance companies have surely done the same with health care, do we expect the gubmint to do a better job? The government never controls and cuts costs when they take something over. The budget always inflates.
All of this on taxpayer money.
Which brings me to Obama’s 2nd reason. He says a college education is the only hope for a higher standard of living in today’s economy.
While I have nothing against college education, this is propaganda and flatly untrue.
First of all, most of the “poor” in our nation have a standard of living that would be the envy of 95% of the world NOW, not to mention the history of the world.
Second, statistics show that the average income levels of college graduates and non-college graduates shows little difference. Now, this is an average, which is due to college graduates initially getting a better paying job, but their upward mobility is naturally capped by pyramid-style bureacracies and their own safe and institutionalized thinking. They get “good” jobs but take less risks.
Non-college graduates have not been institutionalized. They start their own businesses more, work as actual producers instead of service oriented jobs that produce little (many of which have to generate propaganda of their own to justify their continued existence and growth). Non-grads start on a lower tier, but there is essentially no ceiling for the guy that starts his own business out of recognizing actual demand, responsibly manages it and takes the necessary risks for something greater than he has now. He might even feel bad for the college grad and give him a job … fixing his computer.
An example? Bill Gates is an extreme, but he had to drop out of colelge to acquire the gobs of money and ride an economic revolution to great wealth. Obama, and many in the public school system today, would have told him he was making a big mistake. And Bill Gates is not alone or unique. Many business owners don’t have a degree from a college or university. And they are doing fine.
But if you’re someone who believes the government is the answer to EVERYTHING, as the current power party and administration is, then institutionalization makes sense, and institutionalized minds are necessary. Which is why Lenin and Stalin poured untold resources into the Soviet educational system.
I lived in Korea for four years, and they highly value education. A college degree is seen as the way to success, and is therefore very common. So is unemployment for these college grads. In fact, at one point, the hightest instance of unemployment in Korea was among those educated in universities. Why? There weren’t enough jobs according to their degrees, and they were overqualified for the jobs that opened up.
Guess what? We need ditch diggers, farmers, construction workers, mechanics, factory workers, and other skilled labor. The whole world needs these things. It is a very lofty, Ivory-Tower view of the world to think that “success” must come from greater education. Why not, instead, change our view of success from being college educated and working in a service oriented job to finding honest work that provides enough to meet your needs?
Oh, wait, that’s my true Christianity getting in the way again.
Peace.