You see Zuckerman’s liberal obtuseness when, for example, he lists the small slowing of growth in federal spending wrought by the sequester as a drag on the economy—as if still faster, debt-fueled government expansion would be the better route.
Also, he’s quick to jump onto government-funded job training as a good thing. And our lack of STEM training in our workforce? He of course doesn’t consider that that’s been confounded by our government subsidies of useless degrees to marginal students.
Let only top students and/or those willing to train in high-demand STEM trades get college grants and loans, and we’ll have a very different education economy. Those so interested in the arts will find different routes for training and apprenticeship, as will those who we now fund for training that employers could just as well provide on the job and/or more cheaply.
Those who aspire for their kids to just get a degree despite their lack of resources will have their kids get more useful degrees.
Who knows? Maybe parents will actually start demanding that their kids get a rigorous education through the high school level, such that college degrees aren’t required for remedial purposes.
Let only top students and/or those willing to train in high-demand STEM trades get college grants and loans, and we’ll have a very different education economy. Those so interested in the arts will find different routes for training and apprenticeship, as will those who we now fund for training that employers could just as well provide on the job and/or more cheaply.
Those who aspire for their kids to just get a degree despite their lack of resources will have their kids get more useful degrees.
Wow that was good, but you can’t honestly believe they’ll dump all those lib professors do you?
The trouble is how we measure GDP. Government is part of it and must be accounted for, but we also need to offset the drag misallocation and misappropriation of capital cause on private enterprise. The real action in successful economies comes from unfettered private enterprise.