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Obama’s $12 Billion Education Plan
Community-college graduation rates are a key component in bolstering the economy, President Obama said Tuesday in a speech in which he also outlined plans to retrain unemployed workers and safeguard the U.S. from global job competition. As part a $12 billion plan, Obama’s proposals would budget $9 billion to increase student success, $2.5 billion for building and technology upgrades, and $500 million for online-course grants, all in an effort to help five million more Americans earn degrees and certificates by 2020. Obama’s plan depends on whether Congress will replace legislation on a subsidized student loan program with loans through the Education Department, which the Congressional Budget Office estimated would save $87 billion over the next decade. "The financial strain that our colleges are experiencing cannot be overemphasized," said the president of the American Association of Community Colleges. "New federal assistance will help our colleges weather the current financial storm but, just as importantly, position community colleges to help sustain the nation's long-term prosperity."
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Suddenly Obama is being cheap when it comes to Community Colleges?
Obama spent 50 billion dollars bailing out his cronies in the UAW at GM. He spent 2 billion just on his friends at ACORN. Surely the FIVE MILLION people in community colleges deserve at least as much money as the UAW workers got from Obama.
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and $63 Billion to Africa and don't even mention AIG....
Community Colleges are great I actually learned more from them than from my masters program. However, college education is way over rated. You learn more on the job and from life in general than you will from college.
It's acually just a form of legalized graft. Pay money for a document or you can't get a job. Furthermore, stop taking my money to give out to colleges and universities. All it does is give them insentive to spend more on garbage.
We also don't need more people being pumped through the system. We have enough educated idiots with student loans and no jobs as it is. I am so sick of tv spots that say if I can do it anyone can. Great so sign up my dog pay some bucks and he gets a degree, what a great way to ruin the value of an already next to useless peice of paper.
What we really need is an education program that doesn't make you take 75% garbage so you can get to the one quarter that actually has something to do with your degree. For all you business owner wake up, stop employing people based on fluff. Anyone can get a degree all they need do is steal from the internet, cheat off their freinds and suck up to the prof. Yes some people work very hard for their degrees but everyone who has one knows of others who did very little to earn it.
Peace!
Obama seems to be running up quite a tab. If it is a "good idea", then throw money at it. How clever.
Better than throwing money at bad ideas.
Remember when we almost put the Social Security trust fund into the stock market? WHEW!
University grads are having a hard time finding work so I don't figure how less educated people are going to do better. In fact, education without entrepreneurship isn't going to pay at all!
It's often "less educated people" who have the smarts to start a business and be more successful. Let's starting putting value on a sound general education for all.
$12 billion for what? Colleges should be competing and treated like every other business ... and NO business should be getting taxpayer dollars when they can't compete in the marketplace. Besides that, most community colleges now "teach" what I learned in high school !
I'd rather see money spent on colleges than on GM and Chrysler....
I'd rather see colleges get it than XE.
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Sarah Palin only spent one semester in community college; she got her degree from the University of Idaho.
Perhaps we should just encourage everyone to attend school in the West Coast or the Northeast.
Good investment in America's future, Barry. What did Saint Reagan's aircraft carriers do for us? Oh, more scrap metal and transfer of wealth.
WOW! This kind of thing is what will turn around our country.
Education has one of the greatest multiplier effects of any kind of spending. Better than tax cuts, better than the military, better than bailouts, it reduces spending needs of prisons.
It just takes awhile to manifest, years actually. Most of the posters on this site obviously can't wait to blame our president.
Thank you.
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