First of all, thank you Jamie for all you do for this newsletter. Nearly every morning, I learn something from you that I didn't see anywhere else. That important for people, to have someone right there with their ears open...and not just to the biggest story of the day. Also, I've seen you mention a couple of times that you "get hassled by the cops on a regular basis." What's with that? Hopefully you can explain one day (without getting into any hot water.)
My take on that article...subsidies to higher education have artificially inflated college tuitions. More subsidies will make it worse, not better. Anything free (or greatly discounted) is misallocated. I consider the last sentence to be a law of nature.
Stephanie, things change. Our parents and grand-parents had opportunites we did not (e.g., Social Security payouts), while we had opportunities they did not (e.g., student loans). We are not beholden to decisions made by others. It's why programs come and go.
Also, colleges and universities are HEAVILY SUBSIDED. They just choose to spend a lot of this money on areas outside of education.
Finally, I earned my way through college by working 40 hours a week while going to school. I do NOT consider myself personally subsided. It's a model that's worked for me and my boys, all three who paid their own way through school and are now thriving as adults.
I had two loans "back in the day" from a private educational fund source and it took a long time to repay both, partly because I got drafted and changed majors. And it was a stretch even then with the GI Bill assistance (one month for every month served on active duty).
I cannot imagine how today's graduates make ends meet, especially those who run up a debt and for whatever reason do not graduate.
As for student loans, I very much want them to be forgiven. My education was highly subsidized, and the successive generations should have that same opportunity.
But if the president, any president, has the power to make such a big financial decision alone, then our balance of powers is way out of whack.
Re: balloons. If the US now believes that none of the balloons were Chinese, but were all American, that explains the recent meetings with China by high-ranking Americans. It also begs the question of why the American company didn't just raise its hand and say, "Those are our balloons, so please don't shoot them down." Maybe we need balloons to register flight plans (as much as that's possible with a balloon) in the way airplanes do. If it's not on the list, down it goes.
Stephanie, you are free to personally subsidize someone else's education costs. However, your desire does not create an obligation for anyone else. I suggest you lead by example.
If you are over 35 or so, you had the opportunity to get post-secondary education or training at a very reduced rate because of taxpayer subsidies. Why shouldn't those younger than us have the same opportunity? Is it right to climb the ladder that was given to us, and then pull it up behind us?
Yet another "spy balloon" reported last week over Montana turns out to have been Made in USA by a company in South Dakota. And the famous so-called Chinese spy balloon "had intelligence collection capabilities, but it has been our assessment now that it did not collect while it was transiting the United States or overflying the United States".
Can we conclude that both of these balloons were, in fact, made by the same company? (If so, McCarthy will likely know someone with information linking Aerostar with the Chinese.)
No, this was definitely a Chinese spy balloon, the one that we shot down off the coast of the Carolinas. I'm not sure I believe that it collected no information - though we were clearly doing stuff to disrupt its efforts to collect information.
First of all, thank you Jamie for all you do for this newsletter. Nearly every morning, I learn something from you that I didn't see anywhere else. That important for people, to have someone right there with their ears open...and not just to the biggest story of the day. Also, I've seen you mention a couple of times that you "get hassled by the cops on a regular basis." What's with that? Hopefully you can explain one day (without getting into any hot water.)
My take on that article...subsidies to higher education have artificially inflated college tuitions. More subsidies will make it worse, not better. Anything free (or greatly discounted) is misallocated. I consider the last sentence to be a law of nature.
Haha, you kept the little swipe at Halperin in there Jamie. That was good. Thanks for the newsletters this week.
Stephanie, things change. Our parents and grand-parents had opportunites we did not (e.g., Social Security payouts), while we had opportunities they did not (e.g., student loans). We are not beholden to decisions made by others. It's why programs come and go.
Also, colleges and universities are HEAVILY SUBSIDED. They just choose to spend a lot of this money on areas outside of education.
Finally, I earned my way through college by working 40 hours a week while going to school. I do NOT consider myself personally subsided. It's a model that's worked for me and my boys, all three who paid their own way through school and are now thriving as adults.
You might want to read this. https://www.intelligent.com/1970-v-2020-how-working-through-college-has-changed/
The bottom line of the article is this quote. “ To afford tuition in 2020, public university students must work 6x as many hours as students in 1970”
Devastating, isn't it?
I had two loans "back in the day" from a private educational fund source and it took a long time to repay both, partly because I got drafted and changed majors. And it was a stretch even then with the GI Bill assistance (one month for every month served on active duty).
I cannot imagine how today's graduates make ends meet, especially those who run up a debt and for whatever reason do not graduate.
Why wouldn’t the feds issue an arrest warrant for Marc Blu?
As for student loans, I very much want them to be forgiven. My education was highly subsidized, and the successive generations should have that same opportunity.
But if the president, any president, has the power to make such a big financial decision alone, then our balance of powers is way out of whack.
Re: balloons. If the US now believes that none of the balloons were Chinese, but were all American, that explains the recent meetings with China by high-ranking Americans. It also begs the question of why the American company didn't just raise its hand and say, "Those are our balloons, so please don't shoot them down." Maybe we need balloons to register flight plans (as much as that's possible with a balloon) in the way airplanes do. If it's not on the list, down it goes.
Stephanie, you are free to personally subsidize someone else's education costs. However, your desire does not create an obligation for anyone else. I suggest you lead by example.
If you are over 35 or so, you had the opportunity to get post-secondary education or training at a very reduced rate because of taxpayer subsidies. Why shouldn't those younger than us have the same opportunity? Is it right to climb the ladder that was given to us, and then pull it up behind us?
Jamie, thanks for the update on Marc Bru. I eagerly await Monday's newsletter to see what happened when he refused to show up to court today.
Help me connect the dots.
Yet another "spy balloon" reported last week over Montana turns out to have been Made in USA by a company in South Dakota. And the famous so-called Chinese spy balloon "had intelligence collection capabilities, but it has been our assessment now that it did not collect while it was transiting the United States or overflying the United States".
Can we conclude that both of these balloons were, in fact, made by the same company? (If so, McCarthy will likely know someone with information linking Aerostar with the Chinese.)
No, this was definitely a Chinese spy balloon, the one that we shot down off the coast of the Carolinas. I'm not sure I believe that it collected no information - though we were clearly doing stuff to disrupt its efforts to collect information.
Got it. Thanks.