Obama’s Plans for College Affordability To Face Serious Political and Economic Challenges

Barack Obama does not like reality. He likes to imagine that he is a god-like figure who transcends the laws of the universe and can magically roll back the oceans and heal the wounds of our scarred planet. And once again, Obama’s hubris has been fired up, and this time it has to do with college education funding. An article on CNN this week indicates that Obama’s plan to make college both more accessible and cheaper will face political challenges. Additionally, Obama’s plan faces another roadblock: it’s out of tune with the economic reality of supply and demand.

Obama famously wants more people to enroll in college. He also wants costs to be kept down. He also doesn’t want new colleges, such as for-profit colleges, popping up. He also wants students to be able to use federally funded student loans. Essentially, Barack Obama wants to increase demand for a product and keep the supply constant, yet hopes to find ways for the price to go down. If American voters buy this nonsense, they should be going to college in greater numbers and taking economics classes.

One of the more complex proposals by Obama is based on the idea of granting federal government funding only to those schools that keep costs down. Most education funding goes to students in the form of loans, meaning that students would be barred from using Stafford Loans and Pell Grants to pay for certain colleges. To effectively implement such a system to reward schools for keeping costs down, spending decisions would be taken out of the hands of students and placed in the hands of government administrators. We’ve all seen how well that’s worked in healthcare.

The problem with college is that the government has reduced and obfuscated the costs to the consumer with below-market interest rates on loans. College isn’t for everybody. Some people are best served at a four year liberal arts institution. Others at a more technical school. Furthermore, for others the best job training program might be a job. So long as the gains of increased education are captured by higher wages, people will make investments in education which will give them the highest return given their strengths and weaknesses. Instead, we have identified education as a desirable commodity and thrown ever increasing amounts of money at it.

Obama speaks wistfully about technology and innovation driving down the cost of college, as if computers will magically scale the costs of a college education and make it more affordable and accessible for all.

That Obama attempts to advance mutually contradictory goals is revelatory of the flaws of liberal ideology. Sometimes when you love something, you have to set it free. If Barack Obama is truly concerned about college accessibility, he will unleash the reigns of government from it. Only then will institutions be forced to innovate and compete to offer the highest quality education at the lowest possible price.

Comments

Polititainment

Jay-Z's Cuba trip did not violate law
The U.S. Treasury Department apparently fears the wrath of the Beygency as much as the rest of the world. A U.S. Treasury investigation has found Jay-Z and Beyoncé’s 2013 Cuba trip did not violate sanctions law. Beyoncé and Jay-Z, close friends of the Obamas,  had obtained permission to visit the blacklisted country from the Treasury’s Office […]
'Harry Potter' made youth more liberal
Millennials grew up in the wizarding world of Harry Potter. Deciding who was the Hermione, Harry and Ron in your friend group, wishing for the end of He-Who-Must-Not-Be-Named, and  knowing that the correct way to say the “leviosa” spell is “levi-OH-sa” was built into the fabric of  our collective childhood. Apparently Harry and friends are […]
Obama once killed a 'SNL' sketch
Presidents, first ladies and all types of political candidates have been both frequent guests and the butt of jokes on “Saturday Night Live.” The Hollywood Reporter published an excerpt Wednesday of the updated edition of the Saturday Night Live oral history, “Live From New York,” written by James Andrew Miller and Tom Shales and it featured a lot of juicy details about […]
Christie defends use of Boss' music

Chris Christie saw The Boss just a week ago, and there's no beef about the guv using his tunes, thank you very much.

Fallon wishes Clinton Happy Birthday

Jimmy Fallon took a second to wish former President Bill Clinton a happy 68th birthday during his episode of   "The Tonight Show" Tuesday. The comedian honored Clinton appropriately by poking fun at him.

White House

Government watchdog says Bergdahl swap was not only illegal, it was doubly illegal

Congress' chief watchdog said that the U.S. prisoner swap involving Army Sgt. Bowe Bergdahl violated two laws in a report issued Thursday.

10 photos of President Obama in his office that will restore your faith in the presidency

Smile already, America. Your commander in chief is in the driver's seat.

Newt Gingrich: Obama’s ‘golf problem’ is that he stinks when he’s not playing it

"If the economy was growing, the border was controlled, the Middle East was stabilizing and there were no outbreaks of violence in the streets of major American cities, no one would comment on the number of golf games President Obama played."

Obama heads back to vacation after unexplained DC trip
THE HILL – President Obama went back to his vacation on Martha’s Vineyard Tuesday evening following less than 48 hours in Washington, leaving people puzzled over why he came back in the first place. Obama’s two days in Washington were mostly quiet, and concluded with the president receiving his daily national security briefing in the morning, […]
President Obama ‘didn’t know’ the Missouri governor was calling National Guard to Ferguson

As has been the case with so many crises that have faced America during Obama's time in the White House, it appears the president has learned about the Missouri Governor calling the National Guard to Ferguson on the news.

Congress

McConnell’s plan to shut down Obama
POLITICO – Mitch McConnell has a game plan to confront President Barack Obama with a stark choice next year: Accept bills reining in the administration’s policies or veto them and risk a government shutdown. In an extensive interview here, the typically reserved McConnell laid out his clearest thinking yet of how he would lead the Senate […]
See the 'Best of' Pelosi's incoherent babbles
Whether she is spouting off about  “race ha[ving] something to do” with the Republican stance on immigration or charging across the U.S. House floor to call a fellow representative “insignificant,” House Minority Leader Nancy Pelosi (D-Calif.) is known for saying some crazy things. Roll Call has compiled some of Pelosi’s greatest hits from 2014 in a video […]
Voters do not believe Congress deserves reelection
Most Americans do not believe current members of Congress deserve to be reelected, a new poll finds. A Gallup poll released Monday found that only 19 percent of registered voters say most members of Congress deserve to be reelected. This the second lowest figure since Gallup first started asking the question in 1992. People feel more […]
Schock outlines how GOP can attract millennials
Positive messaging, reaching out in person, and uniting the party behind strong economic policies are all ways Rep. Aaron Schock (R-Ill.) thinks the Republican party can win over millennial voters. Schock appeared on CNN Friday to talk with conservative commentator S.E. Cupp about winning young voters. As the second-youngest member of the House of Representatives at […]
Rep. Justin Amash defends his bold victory speech
After a bitter primary fight, Rep. Justin Amash (R- Mich.) delivered a bold victory speech in which he skewered his opponent last week. The Congressman has taken plenty of heat for his less-than-gracious words, but Amash is not backing down. Amash wrote an op-ed in the Grand Rapids Press Thursday to defend his statements and to […]