Student debt is a crime against our nation, Thom_Hartmann writes, hobbling opportunity and weakening our intellectual infrastructure.
might today, that college students were “too liberal” and America “should not subsidize intellectual curiosity.”On May 1, 1970, Governor Reagan announced that students protesting the Vietnam War across America were “brats,” “freaks,” and “cowardly fascists,” adding, as“If it takes a bloodbath, let’s get it over with. No more appeasement!”
That’s how it works—at a minimum—in most developed nations, although in many northern European countries college is not only free, but the governmentHere in America, though, the numbers are pretty muchfrom pre-1980 as a result of Reaganommics, with students now covering about 80% of the costs. Thus the need for student loans here in the USA.
It became a mantra for conservatives, particularly in Reagan’s cabinet. Let the kids pay for their own damn “liberal” educations.a reporter in 1981: “I do know that it’s true that if you wanted to reduce crime,” Bennett famously said, “you could—if that were your sole purpose, you could abort every black baby in this country, and your crime rate would go down.”
In 1952 dollars, the GI Bill’s educational benefit cost the nation $7 billion. The increased economic output over the next 40 years that could be traced directly to that educational cost was $35.6 billion, and the extra taxes received from those higher-wage-earners was $12.8 billion.$7 billion and got a $48.4 billion return on that investment, about a $7 return for every $1 invested.
Presidents Thomas Jefferson and Abraham Lincoln knew this simple concept that seems so hard for Reagan and generations of Republicans since to understand: when you invest in young people, you’re investing in your nation.
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