1 Comment
⭠ Return to thread

The Conservative political conviction embodied by all Republican politicians since Mr. Reagan has not been productive to anyone except the financial industry; the 2022 national student loan burden is almost two (2) trillion US dollars https://studentloanhero.com/student-loan-debt-statistics/. The long-term ripple effect has been deep and wide. Many couples have been unable to purchase a home, and many have had to choose not to have children; it's not unusual for professional couples approaching 50 to still be paying off student loans and the accrued interest.

Increasingly the Reagan policy towards support for US higher education has impoverished the hitherto US premier position in both K-12 and graduate programs for native born students; instead foreign born students were enticed by high tech companies https://www.nber.org/digest/jul13/location-choices-foreign-born-phds.

President Reagan and others have a deep antipathy against college students and their propensity to question the powers to be; they ask questions and threaten systems that are, perhaps, due for deep moral reviews. However, in other countries they do not send 40-50% of their high school graduates to college, primarily because many cannot graduate and do not have requisite skills https://www.studying-in-germany.org/germany-international-student-statistics/. Perhaps a revisit to our US Free-Pre-Reagan student funding policies ought to be a bit more realistic and include two years of national service, followed by either a free BA, an AA degree or an apprentice program. There is some truth to the Fox statement that one should really not expect a free public funded BA/MA for basket weaving or other programs that may never offer student a living wage.

Mr. Hartman's citation: Student debt at the scale we have in America doesn’t exist anywhere else in the rest of the developed world. It didn’t exist here in America before the Reagan Revolution. It was created here in the 1980s, intentionally, and we can intentionally end it here and join the rest of the world in again celebrating higher education.

Forty years on from the Reagan Revolution, student debt has crippled two generations of young Americans: over 44 million people carry the burden, totaling a $1.8 trillion drag on our economy that benefits nobody except the banks earning interest on the debt.

Expand full comment