Professor JDipshit seem oblivious to just how much the Federal Government subsides his industry. Maybe next he can become a Corn farmer and brag about what a independent business man he is while funneling money into his bank account from taxpayers.....all the while be one of the main Tea Nut jobs in this forum crying about government spending and debt.
So let us recap.
He went to public schools, Government tit.
Navy. Government tit.
College education. Paid for by taxpayers. Government tit.
Working at a University, any University. Government tit.
All that and he is still to fucking stupid to understand the role government has played and continues to play in him being on some form or other of government sponsored programs to earn a living.
http://www.thebubblebubble.com/college-bubble/
As with the housing bubble, government subsidization of higher education has played a very significant role in the formation of the U.S. college bubble. The Higher Education Act of 1965 launched a series of student aid and grant programs that now cost taxpayers over $30 billion a year and, while intending to make education more affordable for students, succeeds in doing
the exact opposite as colleges absorb student aid and grant increases by raising their tuition (and their profits) (
1,
2,
3). In addition, the excessive ease of obtaining federally-insured mortgage-size student loans, regardless of college major and expected salary, results in higher education institutions charging far higher tuition than would occur in a market-based student-lending system. Colleges attempt to charge their students as much as they can possibly pay through use of student loans. Why should an Art History major be forced to pay the same tuition as a Chemical Engineering major? This is clearly unfair, but what happens when $200,000 federally-insured loans are handed out like candy to students in all majors.
Government subsidization of higher education is a lose-lose proposition for both taxpayers and students as it transfers their wealth to already prosperous higher education institutions.