In response to:

The Student-Loan Scam

Todd414 Wrote: May 02, 2012 9:35 AM
I have student loans. I dutifully pay them each month to the tune of $500 or so. I have no problem paying for them because I earned a degree that has actual income possibilities. I would bet that many of the folks clamoring for student debt relief either have, or are getting, degrees which have limited income potential. Any program that ends with the word "Studies" has no job potential. Many of the degrees given at higher learning institutions have no applicable job skills in that field because there are so few jobs in that field of study. How about this: Get a degree in a real major, like science, engineering, mathematics, business, and a host of others, that has a job at the end of it. Stop wasting time in useless majors.
John5840 Wrote: May 02, 2012 10:07 AM
WHat you would bet on and what is real might be worth considering. Seeign as you have such a terrific feel for teh issue, how about doing the research and seeign waht you can find out?
Todd414 Wrote: May 02, 2012 10:23 AM
I need not be "doing the research and seeign waht" I can find. Walter Williams and Thomas Sowell have both produced excellent essays here about useless and fraudulent degrees and universities. However, let us take a look at the US Census : http://www.census.gov/compendia/statab/cats/education.html Take a look at publication 302. It tells you what degrees people earned up to the year 2008 (that was a far as the study extended, so numbers may be off a bit now.) Take a look at the number of degrees in, oh, visual and performing arts, liberal arts, theology/philosophy, parks and rec (I wish I was joking), social sciences and history to name a few. Compare that to physical sciences, engineering, math, medical, and business.
Todd414 Wrote: May 02, 2012 10:25 AM
D'oh! it goes to 2009, not 2008. My mistake.

Editor's note: This column was originally published in THE DAILY BEAST.

Does it make sense for the government to take taxes from the big majority of Americans who never managed to win college degrees in order to subsidize the pricey education of the fortunate few who get to attend top universities?

Why is it fair to increase burdens on stressed-out working families so the feds can reduce future interest payments on student loans for members of the elite?

Isn’t President Obama’s current push to spend a $6 billion on college-loan relief precisely the sort of rob-from-the-poor-to-give-to-the-rich outrage that...