Wow! Petey, you were right! We don't spend enough on Education...

4est_4est_Gump

Run Forrest! RUN!
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But a closer look at the campuses Mr. Obama has chosen to visit this week—the University of North Carolina-Chapel Hill, the University of Colorado-Boulder, and the University of Iowa—has the potential to highlight just how much taxpayer money is already being poured into the higher-education industrial complex, and how those funds are being spent. It may not be quite the message Mr. Obama would like to focus on.

Take the University of North Carolina-Chapel Hill, where Mr. Obama will speak Tuesday, and where students reportedly camped out on line outside in the rain overnight for tickets to the president’s talk. U.N.C. Chapel Hill says it received $574.5 million in federal research funding in 2011, up from $353 million in federal research funding in 2007, the most recent year for which a full compilation is available. That includes funds from the federal departments of agriculture, energy, and defense, and from the National Aeronautics and Space Administration. In addition to that research funding, it gets another $14 million a year in Pell Grant funding toward tuition for needy students, according to the Pell Grant numbers for 2009-2010. It got another $534.7 million from the state of North Carolina, for total government-sourced revenues of more than $1.1 billion. And that’s not even counting the subsidies the university gets by being able to invest its endowment essentially tax-free, by being able to offer charitable tax deductions to its donors, by being able to raise capital with tax-exempt bonds, or by receiving Medicare and Medicaid payments at university-affiliated hospitals and medical offices.

All told, more government money is spent on the University of North Carolina-Chapel Hill than on the White House and all the officials in the executive office of the president of the United States. At $420,000 a year, UNC chancellor Holden Thorp makes more than President Obama, whose salary is $400,000. And Mr. Thorp also had his university-provided residence get a $165,627 upgrade. The U.N.C. basketball coach makes $1.6 million a year.

At the University of Colorado-Boulder, where Mr. Obama is also scheduled to appear Tuesday night, it is a similar story. The University of Colorado’s annual financial report discloses $46 million in federal Pell Grant revenue in 2011, along with $145 million in aid from the state government of Colorado, and $653 million in federal grants and contracts.

[pikers - A_J]

The University of Iowa, where Mr. Obama will visit Wednesday, in 2011 got $245 million from Iowa taxpayers, $16 million from the Federal Emergency Management Agency to pay for expenses related to a 2008 flood, and $394 million in federal research funding, according to its annual report. The University of Iowa’s president, Sally Mason, reportedly is paid $483,600 annually plus $150,000 per year in deferred pay — more than President Obama. The Iowa football coach, Kirk Ferentz, earns $3.675 million a year on an escalating contract that runs through 2020.

Mr. Obama wants to argue that in addition to the Pell Grants and the research funding and the charitable tax exemption for contributions and the tax exemption for education-related municipal bond offerings, taxpayers should also foot the bill for subsidized student loan interest.

The effect is to obscure the price signal sent by the tuitions. If it were private lenders rather than President Obama setting interest rates, one might begin to see competition in rates. Students entering fields likely to yield jobs might get loans at lower rates, while those entering fields with worse job prospects might be charged higher rates. Students with better grades might earn lower interest rates. Lenders might charge different rates to students at different schools, depending on the track records the students at the various schools have at repaying the loans. If the money were being offered at market rates rather than subsidized rates, there might be more pressure from the students to bring down the tuitions, and thus the salaries for the presidents and football and basketball coaches.
http://reason.com/archives/2012/04/23/obamas-college-tour
 
I think we need another, let's say, oh SIX BILLION DOLLARS!

"Mr. Obama’s stated purpose is to get Congress to come up with $6 billion to prevent the interest rates on federal Stafford student loans from increasing to 6.8% from 3.4%."

Barack Obama as Steve Austin, The Six Billion Dollar Man...
 
Obama says it's an investment in the economy. Let's produce some more useless degrees that can't be sold in the marketplace.

An investment in open-mindedness and diversity that will pay back the spending with multipliers, as perg would say, on that point, ALL ECONOMISTS would agree...

It all goes into the economy, Kant you see that? You gonna believe them or your lying eyes?

;) ;)
 
You crusty old fucks are right! Keep slashing the schools! Take their money and build submarines!

What were we thinking preparing the youth of today to carry the country in the future?
 
Obama says it's an investment in the economy. Let's produce some more useless degrees that can't be sold in the marketplace.

Don't you mean used in the market place?
Why the hate on education? Surely education, any education is better than nothing?
 
You crusty old fucks are right! Keep slashing the schools! Take their money and build submarines!

What were we thinking preparing the youth of today to carry the country in the future?

God knows we'd be up shit creek if we stopped turning out PhDs in Women's, African-America and Women's African-America studies...



Not to mention Calipari's next Kentucky National Championship freshman squad.
 
You crusty old fucks are right! Keep slashing the schools! Take their money and build submarines!

What were we thinking preparing the youth of today to carry the country in the future?

Yea! I like that 'crusty old fucks'......
 
And Poets!



Lots of Poets and English majors!

How can you run an economy on the likes of Eminem and P-Diddy?
 
You obviously don't understand how education works.

Yeah, with degrees in CompSci and Math, I obviously don't know a thing about education, like how laughable it is to be lectured to by someone who took "all" the Pre-Med Science courses which proves he is on a par with me when I took all those classes to as part of my double major and can compare chimp physics with real physics, chimp stats with advanced statistics and all that, and yet time after time after time, when I point out the economic instability of our educational funding model, then it's simply, I hate education, I don't understand education's value, if maybe I had gotten an education, I would get it along with Glow Ball Warning and Transgender studies!

Or as we now will call it UN-Fair Warning!


"All" Educated people know that "all" educations are equal!

:rolleyes:
 
No, when you look for a job, you put yourself and your education up for sale. So it would behoove one not to try and sell too many fields of endeavor for which there is no demand. You with me?

No, I'm not 'with you'.
 
The same system that can't provide jobs or housing. BUT, could possibly come up with a penal system to either incarcerate or execute the system failures...

So we should pay for education, housing and jobs?



How many French historians can we afford to put on the public dole?

Eventually someone has to pay for all this largess.

The graduates can't...
 
No, when you look for a job, you put yourself and your education up for sale. So it would behoove one not to try and sell too many fields of endeavor for which there is no demand. You with me?

If all degrees are good degrees, then any degree will do, therefore we should have engineering firms and NASA simply employ more music majors...


:nods:
 
So we should pay for education, housing and jobs?



How many French historians can we afford to put on the public dole?

Eventually someone has to pay for all this largess.

The graduates can't...

OK.
Let's roll with your line of thinking.
Which is.....?
Explain it to me because I'm obviously too educated to understand the simplicity of your proposal.
 
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