According to Gallup, 13% of American adults are veterans, while 34% have college degrees.
Estimates are between 20% and 40% of college students take remedial classes to learn what they should have learned in high school. So much for college entrance standards. Now the Democratic Party wants to water the standards further.
From Huffington Post:
A group of congressional Democrats introduced a resolution on Tuesday seeking to ensure that students who attend public colleges and universities can graduate without debt.
The Senate resolution was introduced by Sen. Brian Schatz (D-Hawaii), Sen. Chuck Schumer (D-N.Y.) and Sen. Elizabeth Warren (D-Mass.), while Reps. Keith Ellison (D-Minn.), Raul Grijalva (D-Ariz.) and Katherine Clark (D-Mass.) introduced the House version.
The lawmakers support plans to increase financial aid, help states lower tuition and make it possible for students to earn degrees in less time.
In a statement, they noted that the cost of college has increased by 300 percent over the last 30 years and that when students graduate with debt, it has negative effects on the economy.
“When students graduate with loads of debt, the ripple effects are endless; they're less likely to start a business, to buy a house, and to realize their full potential," Schumer said. "When it comes to making college affordable, I'm hopeful that debt-free college is the next big idea."So we are going to increase government subsidies of higher education's tax-exempt corporations -- they call themselves universities -- and churn out more credentialed people
How about this? How about taxing tuition revenue above, say, $10,000 a year? Oh, Harvard could charge $100,000 a year. But it would be taxed on teh last $90,000.
Or this: Quit subsidizing student loans. It hurts the economy as instead of buying houses, young people are buying pieces of paper.
It's the modern tulip bubble.