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Thread: A Generation Hobbled by the Soaring Cost of College

  1. #411
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    Re: A Generation Hobbled by the Soaring Cost of College

    Part of higher learning costs can surely be trimmed, but the damage done lately will be hard to undo.
    No matter how cheap you make it, there needs to be standards and requirements....standards to get in to a program, requirements to graduate, and requirements to pay back any debt you incur.
    I see no shortage of professionals, whether they be scientists, engineers, or technicians.
    The unemployment rate is high, and only part of that is from jobs lost, another part is from jobs needed just for growth rate.
    New grads are competing with older, laid off, workers for the few job openings that currently exist. New grads don't really have much new knowledge in areas where old workers might be a bit stale. Creating more jobs is far more important than making college easier or cheaper. That means more consumers, people purchasing more stuff above the "needs" level of consumption. But a lot of us are apprehensive about the future, and are holding on to their cash.
    Does anyone here really think either candidate can fix this without more govt spending, therefore more debt?
    This recession will be a long one.
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    Re: A Generation Hobbled by the Soaring Cost of College

    Quote Originally Posted by JohnWOlin View Post
    This thread has gotten pretty big but I think I will put my two cents in again as I think there is much more pertaining to this. My generation has inherited a **** storm. Wages are flat, prices are high, and several in the older generations want to blame 20-somethings exclusively for their bad luck. While true that is a big part of it, my step-dads father back in the 70s could secure a $24/hr steel mill 40 hour job, a very cheap house paid off in ten years and be the only one working in a household of 5 children and live comfortably.

    In order for many to obtain this now, one, you will probably be getting paid $24/hr at a steel mill today--which by today's standards is fantastic but you would need a 30 year mortgage, and your wife will have to be working or chances are someone is going to have to have a college degree in the first place in order to offset the cost of ****.
    That's true, but don't be too disheartened. It is just because we're still clawing our way out of the Bush recession. Unfortunately, those fresh out of college are usually the last to feel the recovery because companies start by hiring the most experienced of the people they laid off and working their way down the list. IMO we need to do everything we can to help recent graduates through this, but no matter what happens, it won't last forever.
    Total tax rates- People living in poverty: 16.2%. The median American: 27%. Working people who make over $140k/year: 31%. The top 1%: 30%. Super rich investors: around 15%. Help the democrats retake the house.

  3. #413
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    Re: A Generation Hobbled by the Soaring Cost of College

    Quote Originally Posted by teamosil View Post
    That's true, but don't be too disheartened. It is just because we're still clawing our way out of the Bush recession. Unfortunately, those fresh out of college are usually the last to feel the recovery because companies start by hiring the most experienced of the people they laid off and working their way down the list. IMO we need to do everything we can to help recent graduates through this, but no matter what happens, it won't last forever.
    How many Presidents get to fail before you hyper-partisans stop blaming everything on Bush?
    ”People willing to trade their freedom for temporary security deserve neither and will lose both.” --- Ben Franklin

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    Re: A Generation Hobbled by the Soaring Cost of College

    Quote Originally Posted by UtahBill View Post
    Does anyone here really think either candidate can fix this without more govt spending, therefore more debt?
    I don't think either candidate can fix this even with more government spending.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: A Generation Hobbled by the Soaring Cost of College

    Quote Originally Posted by mac View Post
    How many Presidents get to fail before you hyper-partisans stop blaming everything on Bush?
    Well obviously Bush will always be accountable for the things he did. There isn't like some statute of limitations on that where somehow after x years we start blaming somebody else for stuff Bush did...

    But the obvious and overwhelming failure of the Bush administration is especially relevant right now when you have a presidential candidate explicitly running on the platform of doing more like Bush did.
    Total tax rates- People living in poverty: 16.2%. The median American: 27%. Working people who make over $140k/year: 31%. The top 1%: 30%. Super rich investors: around 15%. Help the democrats retake the house.

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    Re: A Generation Hobbled by the Soaring Cost of College

    Quote Originally Posted by teamosil View Post
    Well obviously Bush will always be accountable for the things he did. There isn't like some statute of limitations on that where somehow after x years we start blaming somebody else for stuff Bush did...

    But the obvious and overwhelming failure of the Bush administration is especially relevant right now when you have a presidential candidate explicitly running on the platform of doing more like Bush did.
    I must have been sleeping. When did Romney advocate more of the Bush policies. Can't wait for this.

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    Re: A Generation Hobbled by the Soaring Cost of College

    Quote Originally Posted by washunut View Post
    I must have been sleeping. When did Romney advocate more of the Bush policies. Can't wait for this.
    Well, there is nothing Romney is proposing economically that differs from anything Bush did. Continue the Bush tax cuts and further lower taxes on the rich and de-regulation. Nobody has been able to come up with a meaningful distinction between the two.

    Romney’s economic plan is short on specifics - The Washington Post
    The Romney-Bush mind meld - Mitt Romney - Salon.com

    But here is an RNC spokesperson flat out admitting it- RNC Spokesperson Confirms: Romney Economic Policies Are "Bush Plan Just Updated" - YouTube
    Total tax rates- People living in poverty: 16.2%. The median American: 27%. Working people who make over $140k/year: 31%. The top 1%: 30%. Super rich investors: around 15%. Help the democrats retake the house.

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    Re: A Generation Hobbled by the Soaring Cost of College

    Quote Originally Posted by teamosil View Post
    Well obviously Bush will always be accountable for the things he did. There isn't like some statute of limitations on that where somehow after x years we start blaming somebody else for stuff Bush did...

    But the obvious and overwhelming failure of the Bush administration is especially relevant right now when you have a presidential candidate explicitly running on the platform of doing more like Bush did.
    And what is it you think Bush did?
    ”People willing to trade their freedom for temporary security deserve neither and will lose both.” --- Ben Franklin

    Quote Originally Posted by The German View Post
    Sterotypes are mostly based on truths.

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    Re: A Generation Hobbled by the Soaring Cost of College

    Quote Originally Posted by mac View Post
    And what is it you think Bush did?
    Well caused the recession obviously. He strangled middle class incomes in order to free up money for the tax cuts for the rich. That prevented our consumer spending from climbing nearly as fast as the surging investment capital that all the tax giveaways to the rich created. The P/E ratio exploded, the bubble burst, and here we are.
    Total tax rates- People living in poverty: 16.2%. The median American: 27%. Working people who make over $140k/year: 31%. The top 1%: 30%. Super rich investors: around 15%. Help the democrats retake the house.

  10. #420
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    Re: A Generation Hobbled by the Soaring Cost of College

    Yeah I really don't think it is exclusively a presidents fault. This was going on years before Bush just wasn't as pronounced.
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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