In response to:

Education Spending That Isn't Smart

Mag14 Wrote: Feb 06, 2013 3:15 PM
Education is a catch-all word that has gained sacred status. Any given person will do better in the US if said person is able to read and write, reason and perform arithmetic. But at a certain point there are diminishing returns to education. Egyptology is cool stuff. But it turns out that rather few Egyptologists are able to work in their field. Most of those that do work in universities...teaching more Egyptologists. Colleges and universities create ever more majors in areas with no function in the world. This is not to say that no one should major in, for example, leisure studies, but rather to say that after spending four years in college and racking up X amount of debt a person with such an education is four years late to the job>
Mag14 Wrote: Feb 06, 2013 3:19 PM
market, has few if any new skills to offer an employer and has several thousand dollars of debt to pay off. This doesn't help that person and it certainly doesn't help our economy.

If, on the other hand, huge swaths of people were getting degrees in biotechnology and engineering we might actually have something that would induce economic growth.
loadstar Wrote: Feb 06, 2013 9:11 PM
pretty cogent points...there ARE too many bogus degrees, and the establishment cons many students because, as bureaucracies do, they need to perpetuate themselves like feeding leeches or ticks

Not long after President Obama proclaimed in his second inaugural that "an economic recovery has begun," we learned that the U.S. economy actually shrank in the last quarter. Many economists believe this is a temporary setback. This recovery may be the weakest in American history, but the economy isn't cratering either.

Still, you can bet that if the economy continues to contract, Obama will propose the same remedy he always has: more "investments" in education, infrastructure and various industries of the future. It seems that whatever the ailment, Dr. Obama always writes the same prescription.

This is hardly shocking: Building roads...