Posted 7 months ago on Oct. 25, 2012, 9:41 p.m. EST by Planetoid
from Sacramento, CA
This content is user submitted and not an official statement
"I watched the two candidates, chosen for us by our overlords, debate this past week and blather on endlessly about education being the key to our future success. As you can see from the charts above, government spending on education has remained constant at 14% of total government spending. In 1950, education spending totaled 3.3% of GDP. Today it totals 5.6% of GDP. We are spending $900 billion per year on education and making our kids dumber by the day. There are 50 million government controlled public school students and $600 billion is spent to educate them. One wonders where the $12,000 per student per year is being allocated, considering the lack of critical thinking skills, ability to write a comprehensible sentence or even the most basic math skills of the dullards that are being matriculated into society. The majority of that funding couldn’t possibly be wasted on administration, bureaucracy, union pension and healthcare benefits, and supporting the 5,000 control freaks at the Department of Education and their $100 billion budget."
"The rest of the $300 billion of government spending on education is being funneled towards luring young people into debt so they can attain a college degree that will land them a part time job at Ruby Tuesdays. The hundreds of billions in Federal student loans being syphoned from the taxpayers and handed out to unsuspecting dupes has resulted in $1 trillion of student loan debt outstanding, up from $600 billion in 2008 and $200 billion in 2000. This mountain of debt makes subprime mortgages look like a good risk. Since 2008, the Federal government has intentionally accelerated the disbursement of student loans in an effort to obfuscate the true level of unemployment in this country, as people enrolled in college are not considered unemployed. The looming bailout of this grand taxpayer theft will be colossal, as the delinquency rate of student loans not in their grace period already exceeds 18%. This should not come as a surprise, as even though 10 million more people have entered the working age population since 2008, there are 3 million less people employed than in 2008. Subsidizing kids who aren’t intelligent enough to graduate community college and shelling out billions to middle aged laid off blue collar dudes so they can get an on-line degree from the University of Phoenix or the myriad of other worthless blood sucking diploma mills, is a despicable waste of taxpayer money."