Saturday, August 11, 2012
Oh, So Romney Wants the Campaign To Be About Something?
Paul Ryan represent[s] Obama's most horrifying nightmare: math.
That would make a great bumper sticker, wouldn't it? "Paul Ryan - Not assassination insurance."I will give Romney props for more physical bravery than I thought he had, unlike Biden, Paul Ryan is definitely not assassination insurance.
And my fave.43. From what I have seen posted here about Romney and RyanIf some how they come to power, there will be no future for the United States. It will end with the tiny whimper of some poor sap, being sucked down into the bowls of the earth, as the rest of the world, tries to stop the evil from spreading, and Romney, Ryan and rich friends will be happily dining off the ashes.
It really does make me think better of Romney.
Neil - yes, you're right. He's like a rattlesnake in a cage of mice.
A question by way of an anectdote. I attended a bachelor party last weekend for an old fraternity brother. About 26 of us, from all over the US, met up about 10 years after graduating college. I noticed something: those of us who got degrees in the "academic trades" (engineering, hard science, accounting, etc) were doing very well. Those who got humanities and social science degrees were struggling. A couple (including a lawyer) were behind on their student loans.
This is a scenario being played out across the US. And yet, the lemmings keep marching to college for degrees in sociology, journalism, etc, even as the employers of such folks (media, government, etc) contract. And the price of this product, despite the huge glut of table-waiting psych majors, rises at 7% a year.
Now, with subprime loans the bubble burst when lenders started collapsing under the weight of their bad debt. Since student loans are a government business, and the government can print money, how will this bubble burst? Any thoughts?
With artificially low interest rates and loan forgiveness/deferment schemes, that may be a long time coming.
It doesn't have to be everyone, just enough potential students eschewing that liberal arts degree in favor of a welding school. Given the way administrative overhead proliferated during the fat years, it won't take much of a decrease in revenue to force a major re-think.
I think what's going to happen is that it's going to break at the student level. Younger people are getting more and more worried about debt. As they see older siblings and friends of friends graduate with a lot of debt and no better job prospects than they have without taking on that debt, they'll slowly adapt.
But in my view the whole higher education establishment in this country is fighting a desperate rearguard action against that reality. They won't go down without a fight.
Most of the kids going to college can't cut the harder disciplines. The value of a piece of paper saying you have a degree is plummeting. That reality won't change.
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