Education: Empowering the Next Generation
● U.S. ranks 31 out of 35 Industrialized Nations for Education
● Despite our poor ranking we spend 39% more that the average spent by the 35 Industrialized Nations
● 58,000 college students are homeless
● $1.5 trillion is owed in student loan debt
● In 1978- 92% of children made more than their parents (inflation adjusted). In 2015 only 50% of children made more than their parents (inflation adjusted).
Why should I care?
A broken educational system impacts us all. When our nation fails our children, we pay the price in loss productivity and we cede the future to other nations that will invest in their children. If we prepare our children to face the challenges of tomorrow we will remain resilient as a nation.
What does this mean when a nation is resilient?
It means economic growth.
It means more jobs.
It means higher wages.
Let’s Do This!
There are three ways we can attack this problem.
1) Ensure TANF Block Grants for the Needy are Spent on the Needy. The federal government currently provides block grants to the states totaling $35 billion or 1% of the U.S. Budget. This cost averages out to about $100 per person living in the U.S. States have raided these funds and used them for other pet programs that do not help the needy. For example, Louisiana only spends 11% of these funds on programs to help the poor. Ohio spends about 69% of these funds to help the poor. If the federal government is provided these funds to reduce poverty, they need to be used for this purpose.
2) Free two-year community and on-line college. Community college is one .
3) Lower Cost 4-Year College. The explosion in the cost of 4-year colleges has not benefited the students or professors. Despite the increase cost, student-teacher ratios have not fallen and pay for professors has fallen over the past 30 years. The increase costs have provided generous salaries for administrative positions and have increased advertising budgets. We are paying more and getting less. We can address this by providing more competition and expanding options for students. One way is to provide a free on-line college using courses created by colleges that accept student aid. We must also remove the
Page 16 table 11- “How the Great Recession Was Brought to an End,” released July 28, 2010, and available at www.dismal.com/mark-zandi/documents/End-of-Great-Recession.pdf