Joe Biden hasn’t even been certified as the president-elect yet, but that hasn’t stopped his party from pushing him to embrace their agenda. Topping their list this week is a proposal to cancel student loan debt. This has been on their agenda for decades, and they believe they are on the cusp of finally getting their wish.
The Hill reported, “Democratic leaders in Congress are pushing President-elect Joe Biden to take quick action on canceling student loan debt with an executive order to stimulate the economy and provide relief to struggling borrowers…
[Elizabeth] Warren, who alongside Senate Minority Leader Charles Schumer (D-N.Y.) is calling on Biden to cancel $50,000 of student debt through executive fiat, upped the pressure this week by characterizing student loan cancellation as the ‘single biggest stimulus we could add to the economy.’”
But the thing is, students wouldn’t have to take out such large sums of money to pay for their education if the federal government didn’t so heavily subsidize their college experience. Since 1965 under LBJ, the federal government has been providing loans to college students.
And ever since 1965, the cost of a college degree has skyrocketed.
The following is data from educationdata.org
- In 1963, annual tuition at a 4-year public college was $1,286, which is $10,555 when adjusted for inflation.
- Adjusting for inflation, the cost of college has increased by $14,841, or 140.6%.
- Between 2010 and 2020, the average increase at 2-year colleges was $700, or 34%.
- For 4-year institutions, the average increase was $2,000 at public 4-year institutions and $6,200 at private 4-year institutions
- From 1989 to 2016, college costs increased almost 8 times faster than wages.
- In 1963, the cost of a 4-year-degree was $42,220 ($5,144 before inflation).
- In 1989, the same degree cost $52,892; by 2020, $101,584 was the price of a bachelor’s degree.
Fortunately, Trump has taken action during his term to provide prospective students with transparency about the income levels that can be earned in different degree fields.
He also signed an executive order that made college financial data more transparent. Students will now get to see what the average salary is for jobs in different degree paths. The American taxpayer has been forced to foot the bill for students to rack up tens of thousands in student debt while at the same time earning degrees in subjects that offer limited employment and pay.
It is also no secret that the professors at these universities are mostly liberal.
Party affiliation amongst university professors tilts heavily towards the Democratic Party — and it’s not even close.
Democrats outpace Republican professors by a 10-to-1 ratio across the U.S.
According to a study by Brooklyn College professor Mitchell Langbert, Democrats have a 70-to-1 ratio over Republicans in religious studies; 33-to-1 in music; 21-to-1 in biology; in philosophy, history, and psychology, it is 17-to-1. In political science, it is 8-to-1.
The ideology of the professors is having an influence on many of their students
According to the Victims of Communism Memorial Foundation, 52 percent of millennials would prefer to live in a socialist or communist country rather than a capitalist one. Professors have neglected to teach students the true history of communism. One in four students has never even been taught about communism.
It is no wonder that college campuses have actively worked to silence conservative speech on campus.
That’s what this is really about. The Democrats need to keep funding their Leftist indoctrination camps. Don’t let them fool you.