"But that was then. The rise of American education was, overwhelmingly, the rise of public education — and for the past 30 years our political scene has been dominated by the view that any and all government spending is a waste of taxpayer dollars. Education, as one of the largest components of public spending, has inevitably suffered."
Paul Krugman, 2008 Nobel Prize Winner.
He has this to say about California:
"For example, the Chronicle of Higher Education recently reported on the plight of California’s community college students. For generations, talented students from less affluent families have used those colleges as a stepping stone to the state’s public universities. But in the face of the state’s budget crisis those universities have been forced to slam the door on this year’s potential transfer students. One result, almost surely, will be lifetime damage to many students’ prospects — and a large, gratuitous waste of human potential."
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6 comments:
But all the right words don't fix the state's budget crisis.
He is paid to think. All of us should do the rest.
That sounds a lot like the forgive-and-forget, time to get to work, mantra that most liberals are professing these days. I'm not a conservative, that's just my non-ideologically distorted observation.
So okay, he's paid to think, and he won the Nobel...
What's his ingenious solution for replacing the collapsed false economy? He's the one that's paid to think.
F. D. Roosvelt type of Nation Building.
Great idea, and also the biggest no-brainer to come down the pike since this mess started. And it is also where Obama has failed the people who need it most. I think that his idea to try to save existing jobs rather than to rely on this alone was a great idea, because we don't need a bunch of highly skilled professionals on assembly lines, but he blew it badly when it comes to shovel ready stimulus projects and the poorest people are suffering the most. In the mean time, congress let unemployment support for these people expire, even though the extension had been approved and signed for quite some time, so now these people don't even have money for the basic survival needs:
http://washingtontimes.com/news/2009/oct/05/jobless-benefits-lose-out-to-health-care/?feat=home_headlines
While we bail out criminal bankers in more ways than I can even count!
Thanks for the link.
I'm listening to c-span, the health insurance debate.
If you ask ME how I will fix this mess, I do not have a clue. I read Krugman because I find him less offensive to my intelligence than the fresh water economists from the University of Chicago.
But really, I don't claim any insight as to how to get out of this slow American economy.
Hurry up, I need a job.
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