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

[unregistered]

 

[unregistered]

 

[Byron In Exile]

And Poets!

Lots of Poets and English majors!

How can you run an economy on the likes of Eminem and P-Diddy?

And who is it that you think is "running the economy" today?

 

[4est_4est_Gump]

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.

What happens when you artificially increase the supply of any commodity?

You lower its value.

When you start handing out degrees you get an inflation in that field (you also get an inflation in grades since all students cannot make the grade). So, when you subsidize an artificial glut with cheap loans and easy admissions, then you get too many inferior people chasing too few jobs and no way to pay it back other than to endure the frustration of taking up work which they were not trained for and may even look down upon.

Or, they simply retreat back to academia and take on more debt.

With even fewer job prospects as they increasingly specialize in some niche...

Then you end up with a nation that won't do those jobs, so you import (or allow in illegal) immigrants and immediately begin educating their children as a "right."

 

[fair_warning]

.... but the reality is most people educate themselves in fields of endeavor that will enhance their economic condition.

Wrong. Look at the average age of people entering university. These are young people who are following a dream or ambition. Sure, there are the cany ones amongst them that plan their higher education on future earning potential, but I suggest these are in the minority.

 

[4est_4est_Gump]

And who is it that you think is "running the economy" today?

People do not run economies unless the goal is to collapse them or bring the nation to Serfdom.




The Wealth of a Nation works best trickle-down. A Republic and an Economy work best trickle-up. A Socialist believes just the opposite.
A_J, the Stupid

(An Economy is the set of all transactions. Government is mutual cooperation for successful transacting. Wealth is the outcome of successful transactions.)

Some people feel the wealth of a nation is measured in BAs, MAs, and PhDs and that it as nothing to do with fives, tens and twenties...
A_J, the Stupid

 

[Byron In Exile]

Wrong. Look at the average age of people entering university. These are young people who are following a dream or ambition. Sure, there are the cany ones amongst them that plan their higher education on future earning potential, but I suggest these are in the minority.

What he said is in large part true.

 

[4est_4est_Gump]

Wrong. Look at the average age of people entering university. These are young people who are following a dream or ambition. Sure, there are the cany ones amongst them that plan their higher education on future earning potential, but I suggest these are in the minority.

Then we do them a grave injustice by allowing them to chase dreams with no idea of how it will be financed.

This implies the public schools are failing to teach reality.

Like Economics...

 

[Frizzle_Fry]

Don't you mean used in the market place?
Why the hate on education? Surely education, any education is better than nothing?

Use, sell...same diff. a degree is a piece of paper used to market ones self.

I agree that education is nothing but good for a person. However there are a lot of business degree's and other generic BS/BA's flipping' burgers right now.

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?

Are you serious? 2nd world countries the globe over have better performing students than the US with less than 1/2 the funding. There is abslutely no reason why the gov (people) should fund multi million dollar BULLSHIT studies in the name of "education". It has to stop...can't afford to pay the UT 10 million to figure out what is the best ketchup....

Heinz 57 god damn it!! wtf cost millions to figure that shit out?

250 billion spent on Texas schools and they can't get teachers basic class room supplies..I hear the "school drive" advertisement's every day on the radio asking for donations and supplies for classrooms in public schools. Are you fucking kidding me???

I don't think anyone is hating on education as much as they are hating on the corrupt system providing it.

 

[Byron In Exile]

People do not run economies unless the goal is to collapse them or bring the nation to Serfdom.




The Wealth of a Nation works best trickle-down. A Republic and an Economy work best trickle-up. A Socialist believes just the opposite.
A_J, the Stupid

(An Economy is the set of all transactions. Government is mutual cooperation for successful transacting. Wealth is the outcome of successful transactions.)

Some people feel the wealth of a nation is measured in BAs, MAs, and PhDs and that it as nothing to do with fives, tens and twenties...
A_J, the Stupid

People do run economies.

You just misunderstand who those people are.

 

[BoyNextDoor]

http://reason.com/archives/2012/04/23/obamas-college-tour

The problem with this:
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.

Is that it should be $500M in Pell Grant funding and $14M in research. There are $1 TRILLION dollars in student loans in this country. We are NOT spending enough on education.

 

[JohnnySavage]

Then we do them a grave injustice by allowing them to chase dreams with no idea of how it will be financed.

This implies the public schools are failing to teach reality.

Like Economics...

Wow... I don't know if that's statism, communism or socialism. I should run it past the American Stinker and see what they have to say over there.

 

[4est_4est_Gump]

The nice lady from down under (no pun intended) is saying that any education is better than none. Well, that might be the pastime of the rich, to educate yourself in whatever makes you happy, but the reality is most people educate themselves in fields of endeavor that will enhance their economic condition.

I agree, to some extent. Education is good. Some people lack the tools and maybe the lacking is just in maturity.

But the lower standards and grade inflation keep trickling down to lower and lower levels...

Thus we send the uneducated out to get an advanced uneducation.

 

[JAMESBJOHNSON]

Obama says it's an investment in the economy. Let's produce some more useless degrees that can't be sold in the marketplace.

All of it is used to pay inflated salaries to socialist scientists in the various victims studies departments.

 

[4est_4est_Gump]

People do run economies.

You just misunderstand who those people are.

I highly doubt that.

 

[4est_4est_Gump]

Wow... I don't know if that's statism, communism or socialism. I should run it past the American Stinker and see what they have to say over there.

I think the American Stinker came to me.

 

[BoyNextDoor]

Are you serious? 2nd world countries the globe over have better performing students than the US with less than 1/2 the funding. There is abslutely no reason why the gov (people) should fund multi million dollar BULLSHIT studies in the name of "education". It has to stop...can't afford to pay the UT 10 million to figure out what is the best ketchup....

Education spending as a $ of GDP - US ranks #37

You are right - -stop the "research grants" on ketchup and stop calling it education spending and start paying for tuition and books.

 

[4est_4est_Gump]

The problem with this:
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.

Is that it should be $500M in Pell Grant funding and $14M in research. There are $1 TRILLION dollars in student loans in this country. We are NOT spending enough on education.

What happens when that Trillion-dollar bubble bursts in the manner of the recent housing bubble or the dot.com bubble before?

Will we just simply waive those loans and raise taxes on the rich to make up the loss?

 

[fair_warning]

What happens when you artificially increase the supply of any commodity?

You lower its value.

Wrong. You alter it's value in relation to other commodities/services.
Not everyone who sets out on an English/History/Language major (or whatever you happen to despise the most) actually follows that path exactly. Much higher education is more about learning how to think than just specifics about a subject. I think the only graduates I have known that are just as plain dumb as when they started their education are the science/maths based ones....

 

[unregistered]

 

[4est_4est_Gump]

Wrong. You alter it's value in relation to other commodities/services.
Not everyone who sets out on an English/History/Language major (or whatever you happen to despise the most) actually follows that path exactly. Much higher education is more about learning how to think than just specifics about a subject. I think the only graduates I have known that are just as plain dumb as when they started their education are the science/maths based ones....

You're restating what I said abut being forced to work outside of their field.

Or going back to college.

I like that. Science and math make you dumb, or keep you dumb...

*chuckle*

 

[JohnnySavage]

...

Are you serious? 2nd world countries the globe over have better performing students than the US with less than 1/2 the funding. There is abslutely no reason why the gov (people) should fund multi million dollar BULLSHIT studies in the name of "education". It has to stop...can't afford to pay the UT 10 million to figure out what is the best ketchup....

...

Just curious; what's a 2nd world country? Back in the day, when I was a young econ student, that term was used to describe countries with a command economy, which largely don't exist any more. I'm not quibbling with you, just wondering if the definition has changed in the interceding 30 years.

 

[Byron In Exile]

Then we do them a grave injustice by allowing them to chase dreams with no idea of how it will be financed.

This implies the public schools are failing to teach reality.

Like Economics...

You're making a serious error, here.

You're thinking that politics can control economics.

The reality is that economics controls politics.

THINK ABOUT THAT.

And think hard. Because once you realize that what I just said is true, all of your political theories will fly out the window.

 

[4est_4est_Gump]

You're making a serious error, here.

You're thinking that politics can control economics.

The reality is that economics controls politics.

THINK ABOUT THAT.

And think hard. Because once you realize that what I just said is true, all of your political theories will fly out the window.

I am not. I thought that's what you were alluding to...

Remember, I am dumb, I studied math and science so I probably cannot properly read your words, Ringo is a drummer, not an educated man...

 

[Frizzle_Fry]

Education spending as a $ of GDP - US ranks #37

You are right - -stop the "research grants" on ketchup and stop calling it education spending and start paying for tuition and books.

Yea..don't forget about all the high schools with 10 million dollar foot ball stadiums, fucking unreal...