No. I read that he’s torqued that tax dollars bilked from the middle class subsidize education for the wealthy at Ivy League schools. He’s pointing out that although tuitions are rising beyond the rate of inflation, tax-payer subsidies increased three-fold over them.
What he doesn’t mention is that the tax-payer subsidies are the significant reason for the tuition increases. As more “free” money invades the system, the institutions are less constrained by the market in their pricing.
It’s a good rant... but misses some basic economic points.
but misses some basic economic points”
Exactly!! This is what happens when you have more money chasing fewer services...
I thought President Bush was on to something (encouraging more local 2 year colleges) but no one is listening.