Originally Posted by
chrisreedrules
What this country needs going forward is for the Federal Govt. to stop subsidizing student loans for degrees that don't help further national interests. A degree in "Language Arts" is all well and good but when the nation needs Electrical Engineers and Fiberoptic Communications Engineers, why are we offering up "free" money for almost any degree under the sun. Student loans will be the next bubble.
Should people go to school to learn a trade or to educate themselves? The theory is that an educated population is more productive than not. I see all kinds of people studying dead end disciplines (like aviation). Who is to say what their value is going to be to society?
Well I bet you and I can but who would listen?
Nouriel Roubini is predicting a perfect storm of global economic collapse in 2013 that will be much worse than the bubble burst of 2008 that he also predicted. If he is right again all this might be a moot issue.
Skyhigh