Bring on the Draconian cuts

Over at the Cato Institute they call for cuts to higher education funding. I wholeheartedly agree.

For far too long, almost anything related to education has seen pretty regular, sizeable funding increases due largely to the simplistic — and easily demagogued – notion that spending more money on education must be good. Anyone opposing such increases has generally been attacked as a fool or heartless idealogue. But here’s the thing: All this spending has produced little if any discernable good! In higher ed, it has mainly encouraged more and more people to pursue degrees that they either don’t need, can’t handle, or that don’t signify much learning, all while enabling colleges to raise their prices to capture the aid increases! In other words, all the magical thinking about education spending notwithstanding, the evidence strongly suggests that more spending ultimately does little educational good while bleeding taxpayers dry and expanding our utterly unsustainable debt.

The higher education bubble is America’s current economic boondoggle and, I guarantee you, it is going to bring great pain if it is allowed to grow until it bursts. It needs to be deflated now.

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9 Responses to Bring on the Draconian cuts

  1. BaconNeggs says:

    RD did I read that table correctly, in 1965 the Education budget was $5,354.7 Million but by 2008 the budget had risen to $223,273.5 Million?

    And I bet the Educators are still whining that Education is being “under-funded”.

    The teachers Unions have some of the biggest Pension Funds on the planet, yet they never invest any of their millions into the same Education system that their members are sucking dry.
    Its always the Government (Taxpayers) who must help the “disadvantaged” and fund this bottomless education pit.

  2. James says:

    Non-market force money thrown at colleges enables department building that doesn’t benefit the US economically or socially. Women’s studies, gender studies (the rest of us studied our genders at puberty), gay studies, sociology, political science.

    These people don’t design or construct buildings or bridges. They are the lilies of the field; how they grow, they toil not, neither do they spin.

  3. R.D. Walker says:

    It has been proven over and over that increasing funding only improves learning up to a certain point. Beyond that, it is worthless.

    My father went to school in a one-room schoolhouse out on the prairie. In that one room, was a single teacher and 1st grade through 8th grade. When my father made it to 9th grade, he went to town to high school and promptly dropped out.

    He has run a construction business and a small town tavern and ALWAYS had a solidly middle class life. He has taken vacations, owned a three bedroom home, owned a couple of classic cars and a very nice, full sized RV. He has a nice fishing boat and used to own a cabin on a vacation lake.

    He was never rich and always comfortable. He did this all on an education he received up to the age of 15 in a one-room school house out in the country.

    Now you tell me, how many kids coming out of the city schools were they spend $15,000 per year on each student’s education is doing anything similar?

    There are social differences, of course, still my father was able to build houses, balance books, do estimates, pay taxes and manage his life on the education he received.

  4. notamobster says:

    But, but, ‘education is a human right’! University should be ‘free’!

  5. R.D. Walker says:

    All of academia should tremble in fear. The destroyer of their bloated, parasitic empire is gaining strength.

    What makes WGU unique? Although the entire school is online, each student has a mentor who works essentially as a college counselor, helping manage the student’s course schedule and checking regularly on his or her progress. The course instructors hold webinars and online study sessions, and can be reached to help students having difficulty with their studies.

    The mentors and instructors mostly work from their homes, keeping in contact with students online and over the phone.

    WGU instructors don’t get tenure that guarantees them a job, nor are they encouraged to publish academic papers. Instructors are evaluated based on how well their students do in class and whether their students are satisfied and progressing well in their programs.

    Joseph Schumpeter’s creative destruction marches on. Bring it, baby!

  6. Jim22 says:

    That article is fascinating. Online University is the most natural, smartest idea I have heard. The decreased tuition along with the student being free to progress at his own pace make them very attractive.

    Two questions:

    1. How well are they accredited?

    2. Where will the billions in cash being held by American Universities wind up when they close?

  7. Bman says:

    Someday we may see DeVry University vs. University of Phoenix in the Rose Bowl. Although Taxidermy Tech or Whatsamadda U. could give them a run for their money.

  8. R.D. Walker says:

    John Adams attended Harvard University. He had to actually go to Cambridge to do it. Today we still act like the conditions of the 1750s apply today. There is absolutely, positively no reason we should be gathering thousands of students physically in dorms and campuses as if it is the 18th century for most areas of study. It is massive waste of time and resources and is justification for nothing other than the maintenance of the bloated academic scam.

    Jim, I don’t know the answers to your questions, but I don’t doubt they are easily addressable.

    Bman: They can play online using Madden 2011.

  9. Bman says:

    RD- Its funny you mentioned a video game. I have long been predicting the day when no more contact sports will exist. The NHL, NBA, NFL will be played through computer games. This way no one gets hurt. 350 lbs athletes on couches will replace the current athlete.