Replies to post #105627 on DD Support Board and Research Team

[BullNBear52]

The topic is certainly relevant for the board. That said I would not mind having an honest discussion over the Feds role if people understood the facts.

Since the creation of the Fed there was not a banking crisis in this country until Congress decided to deregulate the S&Ls.

That cost me serious money and my job since I was an insider working for an S&L. The Fed had to come in and clean up the mess.

But Congress wasn't done and they repealed Glass Steagall. I had learned a lot since the S&L screw up and made everything back I lost by investing in banks that I knew were too big to fail along with F who did not go BK.

Again the Fed had to step in and clean up the mess that Congress had wrought.

The Ron Paul and Rand Paul supporters continue to want to blame the Fed. They want to audit the Fed. (hello they are audited.)

You can chase windmills all day long.

[Koog]

In-state students already pay less, often much less, than out-of-state students. That needs to be rolled back further.

For me (I graduated university in 1974), my Dad made a deal with me when I entered high school. The deal was, if I kept my HS grades to a 3.5 GPA or higher he would cover my college expenses. With the same caveat that I maintain a 3.5 GPA there.

I kept my end of the deal and he kept his. When it came time to apply to college, I was accepted at several, some in state and some out of state. The costs were much lower in state. Dad encouraged that route. He was footing the bill so I, of course, agreed. It turned out to be a good path for me.

Today, college costs have gotten so high that I am glad I have no kids and am not confronted with a decision to offer the same deal my dad offered me.

But I don't think the government offering free (or highly discounted) college educations is the solution. In my experience, government involvement will only increase real costs. Which will be paid by taxpayers.

Easy education loans have had the same impact on tuition costs. Universities don't care HOW the student gets the money to pay. As long as they get the money. The easier the money, the faster the costs escalate.

Get rid of the easy loans and get the Federal government out of college education. If states want to offer in state students a discount, they should, if it is a state university. Tuition costs will come down.

If a student is really in a bind, join the military, get the GI Bill. That's how I funded my masters degree.

[Zorax]

Were the Deans at the time making million dollar salaries?
Were football programs multi million dollar white albatross's?
Why do Deans, or Presidents make hundreds of thousands more than any qualified professor who has our childrens future in his hands.