Every year, high school graduates line up to sign on the dotted line for the opportunity to place themselves and their parents in a financial hole with the hopes of striking gold in the career of their choice. Some of them take the low risk route, going into fields such as medicine, law, engineering and so on; fields that have some chance of producing a profitable career while others – well you know.
Now, a lot of noise is being made about the debt burden of younger Americans who have mortgaged their future to achieve what is, more or less, a worthless piece of paper. Not surprisingly, most of that noise is being made by the same geniuses who thought that shelling out $100K to major in Feminist Studies was a great idea and was going to get them laid.
But alas, this is America, and no one is accountable for their own stupidity. So, it has to be someone else’s fault. Now with the OWS crowd, it’s easy to blame those big, nasty corporations for not seeing the value in a degree in Comic Book Art and lining up to throw money at you. But there really is someone to blame and it is… drumroll please…
The GOVERNMENT.
You guessed it boys and girls; good ole Uncle Sam is responsible for the Education Bubble.
You see, by guaranteeing outrageously easy money for suckers students, it has allowed Big Education to reap a financial windfall and churn out a generation of underperforming assets. Nobody aspires to a career at McDonalds, but get that coveted piece of paper, and you are a burger flipper with a bright future.
By knowing that there will always be new group of willing participants every year with blank checks from the government, Big Ed can jack up the price on those worthless diplomas, with the bigger names demanding the most green. Once upon a time, a degree from Big Time U had cred and opened doors, but now you can learn just as much, if not more, in your spare time on an iPad.
Sure, a degree can be a great tool, but it is just that: a tool. And as someone who twisted wrenches for many years, I can tell you that you need to use the right tool for the job. Just like a good mechanic would not use a hammer to install a spark plug, a degree in Humanities will not prepare you to be a productive member of society.
The moral of the story? Once again, government intervention into an aspect of society that it has no business in creates a bubble that cannot be sustained. Just like it created easy credit in the housing market, allowing people who could not otherwise afford it purchase a house; just like it created the environment where businesses could become too big to fail at the detriment to our economy, Uncle Sam’s foray into the education business has led to an undereducated generation with no prospect of ever paying off their loans or grabbing the brass ring that they were promised.
And they’re pissed.
Do you think it is a coincidence that student loan debt cannot be discharged in Bankruptcy Court?
Of course not, the Pimp always gets paid.
Well it starts earlier than this with Government because they are in our public school system authorizing curriculum. This is by no means a way of learning but is far more a dumbing down because with this system YOU MUST follow all the rules. The rules of course made up by authorities that know far more than you ever could right?
The conditioning process as I call it starts out by you being good little girls and boys and listening to what you are told, don’t test anything do not discover on your own (we hold the wealth of information for you) and a wealth it is isn’t it?
Look what it has created; educated crooks, very bad politicians, uneducated citizens, big spenders with no responsibility, war constant, the largest military every, enormous debt beyond all belief and all by college graduates. Now that my friends is entirely scary not to look at this picture.
So when we get done with high school we follow what our parents were trained to tell us, be good boys and girls and get your degrees and life will be wonderful. After the list I gave can anyone describe wonderful to me?
The bubble is the effect of the original cause which was some other stating they were the authority in the first place.
You know that guy that has way more capacity than you because all his decisions are special and yours, they are not special at all, hmmmmmmmm I really need to think about this, maybe I will investigate first since the results really SUCK!
But let us not give Government all the credit because they are not that educated because they have degrees are they? But how many of you citizens know what a public is, or a politic is? Do you, did you look to make sure? And if our choices are to be determined by our principals in A Republic why did we fall so short on the stick? Awe so maybe we do have some responsibility in the failure don’t WE?
When I go to work and look at all the college educated idiots I have to deal with on a daily basis it becomes a crime to show up only to have to tolerate such poor performances. In fact I look in my mirror for my example now because so many have caught on to acceptance as the law of gravity.
Education is truly by experiences and the measurement of the results by a chosen direction, and truly I have found none better, so what is all this higher education crap anyway?
Well it starts earlier than this with Government because they are in our public school system authorizing curriculum. This is by no means a way of learning but is far more a dumbing down because with this system YOU MUST follow all the rules. The rules of course made up by authorities that know far more than you ever could right?
The conditioning process as I call it starts out by you being good little girls and boys and listening to what you are told, don’t test anything do not discover on your own (we hold the wealth of information for you) and a wealth it is isn’t it?
Look what it has created; educated crooks, very bad politicians, uneducated citizens, big spenders with no responsibility, war constant, the largest military every, enormous debt beyond all belief and all by college graduates. Now that my friends is entirely scary not to look at this picture.
So when we get done with high school we follow what our parents were trained to tell us, be good boys and girls and get your degrees and life will be wonderful. After the list I gave can anyone describe wonderful to me?
The bubble is the effect of the original cause which was some other stating they were the authority in the first place.
You know that guy that has way more capacity than you because all his decisions are special and yours, they are not special at all, hmmmmmmmm I really need to think about this, maybe I will investigate first since the results really SUCK!
But let us not give Government all the credit because they are not that educated because they have degrees are they? But how many of you citizens know what a public is, or a politic is? Do you, did you look to make sure? And if our choices are to be determined by our principals in A Republic why did we fall so short on the stick? Awe so maybe we do have some responsibility in the failure don’t WE?
When I go to work and look at all the college educated idiots I have to deal with on a daily basis it becomes a crime to show up only to have to tolerate such poor performances. In fact I look in my mirror for my example now because so many have caught on to acceptance as the law of gravity.
Education is truly by experiences and the measurement of the results by a chosen direction, and truly I have found none better, so what is all this higher education crap anyway?
Nice!
Nice!
I cannot agree more. I work in higher ed and feel really bad for all these kids who come through thinking that they’ll graduate into a $40k+ job. Instead, the ones who actually manage to finish either can’t find jobs or are terribly overeducated for sandwich making, meaning that they either are stuck with loan payments they can’t afford or have to go back to school and incur more debt just to delay repayment of the current one. They’d be better off taking their lottery scholarship money to the vocational schools to learn a trade that is in high demand, like welding, plumbing and pipe fitting, aviation mechanics, electrical, nursing, physical therapy, and plenty of others. Some of those trades make very good money with great companies. I just read today that Caterpillar’s order books for heavy equipment are full to overflowing, but they’re having a hard time finding enough qualified welders to be able to fill the orders on time. It’s time that kids are told again that it’s perfectly acceptable and profitable to go into a trade rather than going into college.
I cannot agree more. I work in higher ed and feel really bad for all these kids who come through thinking that they’ll graduate into a $40k+ job. Instead, the ones who actually manage to finish either can’t find jobs or are terribly overeducated for sandwich making, meaning that they either are stuck with loan payments they can’t afford or have to go back to school and incur more debt just to delay repayment of the current one. They’d be better off taking their lottery scholarship money to the vocational schools to learn a trade that is in high demand, like welding, plumbing and pipe fitting, aviation mechanics, electrical, nursing, physical therapy, and plenty of others. Some of those trades make very good money with great companies. I just read today that Caterpillar’s order books for heavy equipment are full to overflowing, but they’re having a hard time finding enough qualified welders to be able to fill the orders on time. It’s time that kids are told again that it’s perfectly acceptable and profitable to go into a trade rather than going into college.