Wednesday, April 25, 2012

Tax cuts for the rich, interest rate hikes for the poor

House Republicans say we can no longer afford low interest rates for college student loans because that would interfere with tax cuts for the rich to invest in foreign companies. I suspect nothing more from a party that cheers the failure of American companies with American jobs simply because it makes the President look bad. We used to be a nation that invested in ourselves. Now we invest in foreign companies because they are good for our portfolios while making it incredibly difficult for our children to succeed by burdening them with small mortgages just to get the education needed to get a well paying job.

Some say students shouldn't be spending four years in college to learn a career skill. And it would be hard to disagree that someone who just wants to be a mechanic and has no interest in anything else should just go to trade school. Additionally, one can argue that a typical desk jockey doesn't need a four year college education, where they learn about classics such as Beowulf, to be successful in business, be a biologist or to found the next Facebook, but that part of the education is what makes us us by opening our minds (and getting witty references in various derivative TV shows and books).

A highly educated workforce helped make the US the most powerful nation in the world during the  20th century. Now, like other powerful nations of the past, or even startups that become established companies that become complacent, resting on their laurels, and lose their edge, we are content to simply be fat and lazy and not care about the big picture because we have ours. I weep for this nation's future when a talented underclass will be forced to toil at whatever jobs they can find because they can not afford the education that could exploit their talents for the betterment of us all.

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