While Detroit’s Big Three automakers are crawling up Capitol Hill once again to plead for a bailout, American families hoping to send their kids to college got more bad news.
Actually, the families just got confirmation of the brutal fact that it’s becoming impossible for them to pay for college.
Basing its story, like other outlets, on the newly released “Measuring Up,” the annual “report card” from the National Center for Public Policy and Higher Education, the New York Times grossly understated the situation this morning, especially with its headline: “College May Become Unaffordable for Most in U.S.”
Hey, it already is. “No child left behind”? I don’t think so. The real news is that the crisis is getting even worse — or “worser,” if you can’t afford to get the fine education I got in a small town decades ago.
How bad is it for today’s families? The Times story notes:
That’s the problem, but here are the consequences:
“When we come out of the recession,” Mr. Callan added, “we’re really going to be in jeopardy, because the educational gap between our work force and the rest of the world will make it very hard to be competitive. Already, we’re one of the few countries where 25- to 34-year-olds are less educated than older workers.”
If your kids are able to read down into the story, they’ll find some news that may even make them feel sympathy for you. Even the Times calls it “stark”:
By the way, you can’t flee to another state where higher education is more affordable. Every state but California got an F in the study — and the only reason California didn’t is that it has a more extensive community-college system.
What does this all mean? Well, this morning, a BBC anchor noted that when Detroit’s automakers pleaded last week for a bailout, they “got sent away with a flea in their ear.”
Your kids may not be educated enough to even look up that idiom, let alone understand what Yale professor Robert Shiller said in reply to the anchor’s question about whether Detroit should be bailed out. “There could be a degree in histrionics in this,” Shiller told the BBC. (See and hear Shiller in one of his many interviews by the foreign press.)
The grim news about paying for college is unfortunately not clouded by histrionics. You could look it up: Read the “Measuring Up” report. If you have to, explain it to your kids. Maybe they’ll take to the streets in protest. For a bailout of a situation that’s not of their own making.
In other business …
NO PARTICULAR ORDER:
Washington Post: ‘Technology Used as Tactical Tool’
Wall Street Journal: ‘Big Three Seek $34 Billion Bailout’
Wall Street Journal: ‘Shalom, Kiosk Christmas Shoppers’
International Herald Tribune: ‘U.S. Treasury’s lead role on China in doubt’
That raises some big questions, including who will pick up Paulson’s baton in the administration of Barack Obama, and whether the Treasury Department will continue to be the lead agency in steering a relationship increasingly defined by the yawning trade gap between China and the United States.
Wall Street Journal: ‘Goldman Considers Online Bank’
Wall Street Journal: ‘Jones Urges Broad Afghanistan Approach’
In an interview Tuesday, the retired Marine Corps general said Mr. Obama’s campaign pledge to move as many as 10,000 U.S. troops from Iraq to Afghanistan must mesh with a concentrated international effort to bolster government and eradicate the vast heroin trade.
“You can always put more troops into Afghanistan,” he said. “But if that’s all you do, you will just be prolonging the problem.” …
For his part, Gen. Jones tends toward the sober and methodical. He said he has “every reason to believe” the team can work together. “We have a serious boatload of problems facing us and the only way out of it is for us all to pull on the same oar,” he said. Gen. Jones’s friends say that despite 40 years in the Marines Corps, his conversations are profanity-free. The general has a penchant for words like “holistic” and “embryonic.”
Wall Street Journal: ‘Gates Seeks Congress’s Help in Closing Guantanamo’
In New York, the average cost of attending a public four-year college stayed the same between 1999-2000 and 2007-08: 27 percent of a family’s income. Nationally, the average cost rose from 20 percent to 28 percent during the same period, the report found.
Houston Chronicle: ‘College report is warning for Texas’
Rising tuition and the failure to enroll more young people in college threaten the Texas economy, according to a new report.
The National Center on Public Policy and Higher Education, in a report to be released today, found that high tuition is one of the biggest barriers to higher education in Texas and elsewhere.
Texas and 48 other states received an F for college affordability on a report card issued by the center. Only California earned a passing grade for the price of a college education, and then only because the state’s community colleges are relatively inexpensive.
Washington Post: ‘Closet Centrist: In Obama’s Cabinet, the Audacity of Moderation’ (Michael Gerson, former Bush speechwriter)
All the normal caveats apply. It is still early. Obama is benefiting from being the only player on the stage — all his pretensions of moderation could be quickly undermined by a liberal Congress, unhinged by its expanded majority. And Obama’s social liberalism could still turn Washington into a culture-war battlefield.
But honesty requires this recognition: So far, Barack Obama shows the instincts and ambitions of a large political figure. …
Second, Obama’s appointments reveal something important about current Bush policies. Though Obama’s campaign savaged the administration as incompetent and radical, Obama’s personnel decisions have effectively ratified Bush’s defense and economic approaches during the past few years.