Over at Forbes.com, Mark Hendrickson comments about the proposed plan—the “new College Compact” (NCC)—that, the candidate says, would “make college affordable and available to every American.”
Hendrickson calls Hillary’s proposal “political catnip, pure and simple….a more delusory form of catnip than Herbert Hoover’s ‘chicken’.” While Hoover was worried that everybody had enough to eat, Hendrickson observes, not everybody needs to go to college. To which The Motley Monk adds: Except in the eyes of President Obama (remember his “free” two years of community college for everyone) and now, Hillary.
So, pro-NCC forces ask: Doesn’t the nation need more college graduates to remain competitive in a global economy? In fact, NCC will exacerbate the glut of college-educated Americans. According to the New York Federal Reserve, 50% of recent college graduates are either working in jobs that don’t require a college degree or are not employed at all.
Just what the nation needs…more “over-educated” and “underemployed” workers who aren’t able to begin a career, become economically self-sufficient, and work hard to achieve the “American dream.” There’s a lot of women and men who have done very well, financially speaking, and don’t have college degrees. Consider all of those first responders and tradesmen who have done very well, economically speaking with no college debt.
Worse yet, NCC will dictate to administrators at the nation’s colleges and universities where they must spend their money (less on administrative expenses), command them to accept junior college credits (regardless of the four-year colleges’ own academic standards), and decide when accreditation standards are to be waived.
Now, the truth is: Some of those ideas aren’t “bad.” But, it must be asked, why should the federal government be issuing those diktats? Why not those footing the tuition bills? Demand lower tuition. Or, send students to other institutions having more affordable tuition rates. Let the free market dictate the price.
[NCC] is economically wasteful central planning, all wrapped up in the beguiling garb of Santa Claus politics. Caveat emptor. Let the buyer (in this case, the American taxpayer and voter) beware. There ain’t no such thing as a free lunch.
Let the discussion begin...
To read Mark Hendrickson's analysis in Forbes, click on the following link:
To read the Bloomberg article about Hillary's town hall comments, click on the following link: