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Wednesday, September 17, 2014

Wrong Lesson

The Occupy movement still exists, and it's still teaching kids all the wrong lessons. Lessons such as, "don't worry about your bad debt, the Debt Fairy will pay it for you." The hivemind drones at HuffPo are predictably enthusiastic about this horrible idea. They're also enthusiastic about the Obama administration, so bring your own grains of salt.

Those kids took on those debts voluntarily; nobody held a gun to their empty little heads. We've all been deep in debt at one time another, for one reason or another, but the rest of us had climb our own way out. No gifts from the Debt Fairy.

Do I think colleges and universities are overpriced? Oh yes. By a lot. But the answer is not to wipe out bad debt with Other People's Money. You have to address the problems, not the symptom. The problems are these: a glut of overpaid professors with lifetime tenure, a hugely swollen administrative system, and a piratically exploitative textbook industry. Send your kid to junior college; you'll save a bundle and he'll get a real job skill rather than a head filled with Leftist propaganda. Better yet, insist that your school district use some of those bond funds to build a vocational education center instead of trying to get everyone to pass a standardized test and go to a college most of them can't afford.

1 Comments:

Blogger Banduar said...

I have a "liberal" friend that refuses to pay for their massive student loan debt and thinks that all education should be provided free of charge by the government. I have tried repeatedly to explain that this would simply change HOW they pay for their educational expenses (from voluntary loans to involuntary taxes) and that removing price feedback inevitably makes the system even more inefficient, but they seem unable to grasp the concepts involved. It seems that propaganda has indeed replaced basic economics as a priority in our educational system.

It is amusing how the article is filled with references to government agencies and programs yet somehow manages to imply that a shady "debt selling industry" is solely to blame for all the debt that students took upon themselves voluntarily. The comments are even more clueless, insisting that free education is the only way for the poor to raise themselves up out of poverty. It is not surprising that a bunch of "liberals" have completely overlooked the value of hard work and financial responsibility, having never employed these concepts themselves in their sheltered, clueless existence.

I just don't get why some people think other people should pay for something that only benefits them. Unless they are just arrogant, greedy, selfish assholes without a drop of consideration or critical thinking skills...

Never mind. I think I got it.

12:50  

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