The Law of Unintended Consequences is resady to teach a lesson to left wing college faculty members and their Democrat allies who want to shower more than a trillion dollars on the customers of higher education
July 23, 2019 By Robert Weissberg
Americans are keen supporters of higher education and Washington has traditionally generously concurred. But, in the 2020 presidential Democratic primary, several prominent potential nominees have endorsed once-unimaginable levels of government aid for college students. Elizabeth Warren, for example, recently announced that if elected she would spend $1.5 trillion (raised by higher taxes on the very rich) to eliminate up to $50,000 in student loan debt for those in household with incomes below $100,000 with smaller cancellations for households earning less than $250,000. Her plan would also abolish tuition at all public colleges while offering government grants for non-tuition expenses. Meanwhile, a $50 billion fund would help financially struggling historically black colleges and universities (HBCU)..............To Read More
My Take - I have some serious doubts about this prediction and the economic logic behind it, but, it lays out some useful information, which I will be using for Education in American Has Become a Snare and a Racket, Part V.