Friday, September 11, 2009

Mr. President, Using Higher Ed as an example for the Public Option is a Bad Idea!


On Wednesday in his address to Congress, President Obama spoke of how the "public option" could run parallel to private insurance and provide competition in the very same way that public colleges and private colleges operate in the same market. However, as we see in the chart above and the video below from 20/20, the cost of going to college (public or private) is very expensive and still climbing; public-private "competition" hasn't helped to drive costs down in higher education. In fact, the current system has made colleges less competitive and less accessible.



I'll be posting the reasons why higher education costs have been growing by leaps and bounds sometime within the next couple of days. By the way, I was happy to learn that John Stossel is now with Fox news.

The chart above is from Mark J. Perry's Carpe Diem

3 comments:

Jordan Hixon said...

College is barely even worth it unless your going into a field that makes money. This lady in the beginning on your video got an art degree at a very expensive college. Now how much money can you earn with art? not much. There aren't many artists who make it big.

VH said...

I agree. I have a couple of old friends that were art majors...one became a sous chef and the other a teacher. They both love their work. So there is still hope for the lady in the video. But shelling out $86K for a BA in Art is simply ridiculous. If she wanted a job after school then she could have received her associates degree in accounting and would have landed work quick.

The Vegas Art Guy said...

Stossel moved to FNC? Very nice. One more reason to watch...