President Obama recently described his interest in making the "right" to higher education more affordable.
What the President evidently has in mind is increasing government involvement in U.S. higher education to improve its quality and lower its cost.
Who could possibly be against that?
Unfortunately, such aspirations sound eerily similar to what the President had in mind with Obamacare, no?
To this end, the President has indicated his desire that the U.S. Department of Education design and implement a ranking system for the nation's institutions of higher education, linking federal sources of financial aid to that system. In plain English: To qualify for the most aid possible, administrators must comply with all federal guidelines...which only increase the cost of education.
In a recent Forbes article, a scholar at the Institute for Policy Innovation, Merrill Matthews, cites the research of Professor Richard Vedder, to argue that this is a wrong-headed policy proposal. Vedder's data indicate that while U.S. higher education needs to be reformed, the high cost and diminishing returns of a college education correlate with increased federal government involvement.
And now, the President wants to increase that involvement.
What the President doesn't seem to get is that it isn't the role of government to make anything affordable. The marketplace makes that determination.
As Matthews paraphrased the humorist P.J. O'Rourke:
If you like what the President has done with healthcare,
just wait until you see what he can do with higher education!
Let the discussion begin...
To read Merrill Matthews article in Forbes, click on the following link:
"Does the President Want ObamaCare Death Panels for Higher Education?"