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education and schooling subsidy

Sell College Short?

We are often lectured on the importance of a college education. The path to upward mobility is greased via higher education, we are informed, and all that investment in time and money pays off … with a lifetime of higher salaries and better opportunities.

“The typical American with a bachelor’s degree or higher,” President Barack Obama pointed out back in 2014, “earns over $28,000 more per year than someone with just a high school diploma.” 

Accordingly, Obama urged “students and parents” to “begin preparing yourself for an education beyond high school.”

Was he just pulling our legs?

After all, $28,000 extra each year for many decades isn’t chump change. Yet, if college proves such a royal road to wealth, why would highly educated folks gaining such lucrative earning-​power need the bailouts … especially from taxpayers who didn’t make that self-investment?

That subsidy of the richer by the poorer is precisely what many Democratic Party presidential candidates are promising younger voters, with Sen. Bernie Sanders topping the proposed taxpayer-​generosity by offering to cancel all $1.6 trillion in outstanding student debt.

“Not satisfied with having the government take over 20 percent of the economy with his Medicare-​for-​All program,” James Joyner writes at Outside the Beltway, “the Vermont Senator wants the government to assume all debt taken on for education and make college absolutely free from here on out.”

If a college education is worth what it costs, no bailout should be necessary.

And only in the political world would anyone suggest giving away such a valuable commodity for free.

This is Common Sense. I’m Paul Jacob.


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Accountability crime and punishment education and schooling national politics & policies responsibility U.S. Constitution

Will Feds Foil Foolish Licensing?

It would be nice if the federal government used its often-​abused authority over state and local governments to outlaw various forms of state and local oppression. 

In his book Leviathan: The Growth of Local Government and the Erosion of Liberty, Clint Bolick argues that the federal government is not alone in hugely violating individual rights. Eminent domain, asset forfeiture, zoning, and occupational licensing are among the modes of sub-​federal assault on the innocent. Even as policymakers in various regions of the land act to stop the worst of these abuses, they proceed unchecked elsewhere. 

U.S. Senators Marco Rubio and Democrat Elizabeth Warren are the unlikely duo who may interrupt the now-​common practice of depriving delinquent borrowers of student loans of their right to earn a living from certain trades. Rubio recently admitted on Twitter that as a Florida lawmaker, he once voted to allow the state “to suspend professional licenses of those who defaulted on student loans. I WAS WRONG.… How can they pay back if they can’t work?” 

Yes, Rubio was wrong. 

Senator Warren, for her part, agrees that the practice is “wrong and counterproductive.”

The bi-​partisan duo’s bill would prohibit states from denying driver’s licenses and occupational licenses to borrowers who default on student loans. 

I don’t think the legislation goes as far as it should, even in the delimited area of occupational licensing. The absurdities of occupational licensing go way beyond the scope of the proposed remedy. 

But it’s a start.

This is Common Sense. I’m Paul Jacob.

 


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Photos by Gage Skidmore and Edward Kimmel