Jeff Neal for C.U.R.E. - Certain Unalienable Rights Endowment

Obama’s Education Policy and Death Panels

In Opinion on January 27, 2012 at 10:23 am

Today, in a campaign speech at the University of Michigan, the President will tell educators to get in line or lose federal support.  In a NY Times Preview of the speech he said: “Let me put colleges and universities on notice:  If you can’t stop tuition from going up, the funding you get from taxpayers will go down.” Reminds me of his speech to the business communities’ lobbyists, The US Chamber of Commerce, a few months ago, which I critique HERE.    Maybe a little ominous?

This does not bode well for anyone.  Remember, the feds took over (outlawed) the private student loan business a while ago.  Soon, strings will be attached to student loans and limits placed on tuition.  Where that leads, most likely, is a two-tiered tuition system. Pay with government loan dollars, your tuition is $X. Pay with your own money, it will be $2X.  Somebody’s gotta make up for the subsidy; might as well be the “rich.”

Costs will spiral out of control, limits will be placed on education costs, the government will have to step in to ‘solve’ the problem it caused, and Education Panels (No-Soup-For-You! or Death Panels) will be created to determine who gets a shot at President of the Law Review at Harvard and who attends Piedmont Community College (no offense intended).

And then it will be interesting to see Harvard’s and Univ of Texas’s Boards of Regents, mostly staunch BHO supporters, squirm and whine, as they fight to keep their enormous university endowments from being raided by the feds to help bridge the gap.  I can hear the sound bites now:

“Why should that poor, unemployed graduate have to pay off his student loan with his hard earned dollars when you have billions and billions to spare?  Give up your piggy-bank endowments for the benefit of the poor.”

“Why should all that endowment money be invested in hedge funds, off-shore accounts and real estate ventures.  You MUST INVEST it to prepare our kids for the future?!”

They’re blurring the meaning between ‘spend’ and ‘invest’ – the second one doesn’t mean what they think it means.

You’ve been warned.

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