Skip to comments.1980 the median CA household income would have purchased 17 UC bachelorís degrees. Now, barely one.
Posted on 05/09/2011 3:05:23 AM PDT by Daisyjane69
For a few years I have discussed the potential of a higher education bubble and the fallout it will have on the housing market. Logically you would assume that young adults with back breaking amounts of student loan debt would have a harder time taking on another giant commitment through a 30 year mortgage. At the very least this would stifle home sales from young households given that the vast majority of mortgage originations are now stemming from government backed sources that require income verification. Even with ultra low down payment programs like loans backed by the FHA many people are still struggling with the idea of saddling debt on top of already large piles of debt like a poorly played hand of Jenga. We already know housing was a bubble and we are dealing with the ramifications of the pop back in 2007. Yet the higher education bubble keeps moving higher and higher. I think viewing a chart of California home prices and the University of California tuition over the years might shed a bit of perspective here.
(Excerpt) Read more at doctorhousingbubble.com ...
I had to edit the title to squeeze it in! I even used a shoe horn!
America’s College Bubble Next to Burst, Says NIA (’College Conspiracy’ documentary)
Unemployment among Black College Graduates
Government contracts and grants constituted around 17% of budget revenues, and the amount of money available to granting agencies is shrinking, so this source of revenue will likely be reduced. ~25% of revenues came from the UC medical system, and under Obamacare that is likely to shrink.
Bottom line - unsustainable.
Here’s to hoping it detonates spectacularly and throws most ivory tower academics out of work.
If they have to compete and show results, there will be less time for indoctrination. :D
Form the link you cited: Yea Im sure employers are lining up to hire Black Studies majors just so they can walk right into potential lawsuits.
College has now become an extension of high school. High school educations that are now the equivalent of a 8th grade level and college educations that equal a 1965 high school education.
We can all thank Political Correctness for this.
Just raise taxes on the rich bastards who destroyed the peoples paradise. When they flee ecotopia, simply institute a federal mechanism to confiscate whatever California generated wealth they absconded with... And return it to the “people”.
Federal aid is to blame for this.
Weren’t college tuitions in the CA system back then heavily subsidized making the much lower for the student ( and more expensive for the tax payer) making this comparison questionable? I believe the subsidies are reduced during the ‘90’s
Kansas One Room
School House Project
Eighth Grade Final Examination: 1918
Examination for Common-School Diplomas.
Saturday, April 6, 1918.
(Answer any ten.)
1. Give author of a selection studied In classics. Which selection in classics did you like best? Why?
2. What is meant by “The Mystery of Life,” as interpreted by John Ruskin? Give the story.
3. Give authors of “A Psalm of Life,” “The Landing of the Pilgrims,” “The Great Stone Face.”
4. Give at least a fifty-word review of a selection in the classics.
5. What do you mean when you say, “He gives too much for his whistle”?
6. What do you mean by calling anything “a Barmecide feast”?
7. Give a memory gem learned this year.
8. Why does Henry Ward Beecher think the crow should be defended?
9. Write the story of “The Prodigal Son.”
10. How did Tom defend Arthur in “Arthur’s Prayer at Rugby”?
11. Tell the story of the fighting preacher in “The Rising in 1776.”
12. Who wrote “The Three Graces”? Name them. Which is greatest of the three? From what book is the selection taken?
13. Where was Moses buried? Why was he not permitted to lead the Israelites into “the promised land”? In what book may we read the full story of Moses?
14. In “The House by the Side of the Road” explain: hermit, self-content, fellowless firmament, pioneer souls, highway of life.
15. From what book is “Antony’s Oration” taken? Who wrote the book? Upon what occasion was the oration delivered? What was its effect upon the people?
16. In “The Legend of St. Christopher,” give meaning of legend, signed the cross, Son of Mary, the grapes are sour, pilgrims.
17. Who wrote “The Builders”? What is every one building?
(H. I. French.)
1. Write 1918 in Roman numerals. Write your age in years, months and days.
2. Write a check for $60.86 to Frank White, signing your own name. What is meant by endorse, maker, face, payee?
3. Make out a slip of deposit to one of your local banks for the following amounts: Bills, $132; gold, $75; silver, $15.46; checks, S84.67, $28.21, and $17.40.
4. Write a promissory note for $344.32, supplying place, date, etc., as needed.
5. Find the date of maturity and amount due on that date on a note of $25, dated June 12, 1914, if the time is 2 years, 1 month, 11 days, and rate 5%.
6. Kansas has a length of 400 miles and a width of 208 miles. If a man should walk 3 miles an hour and 10 hours per day, how many days would it require to walk around the boundaries of the state?
7. 81 + .343=?
8. A farmer hired a man and a boy at a yearly expense of $480. The man received $25 a month. What part of the $480 did the boy receive? How many “baby bonds” could the boy buy with his part?
9. A and B invested equal sums in a business costing $4,000. At the end of the year they estimated their stock to be worth $6,200, bills receivable $1,348, and cash in the bank $480. What ought either give the other to secure the business?
10.If 17 Liberty bonds cost $850, what will 19 cost? Solve by proportion.
1. (a) What conditions influence the demand for different kinds of food for mankind? (b) What conditions determine the amount of food we eat?
2. (a) Why should all drinking water be pure? (b) How may water become contaminated?
3 What are the functions of the blood?
4. Does a healthy body need a stimulant such as alcohol? Why?
5 What organs in the human body help to eliminate waste materials? Describe the action of the kidneys.
6. Why is exercise necessary? Name some good forms of exercise, and tell why you believe them to be good.
7. (a) What causes most of our diseases? (b) Name a number of diseases caused by germs. (c) How can such disease be prevented?
8. Name some cheap disinfectants, and tell how they may be used.
9. Describe a good method of caring for milk on the farm.
10. Describe the treatment for drowning; for burning clothing.
1. Who has charge of building and improving roads in counties, townships and towns?
2. Why is it undesirable that foreigners be permitted to settle in groups in this country?
8. What are the qualifications of a voter in Kansas?
4. What are the different classes of U. S. mail? Give the rate of postage for each class.
5. What is meant by implied powers of Congress?
6. How are United States senators elected now?
7. Of what does the supreme court of the United States consist? The supreme court of Kansas?
8. What powers does the President of the United States now have?
9. Explain the meaning of the following terms: recall, initiative and referendum, impeachment, patent, copyright, quorum, franking privilege, lobbying, naturalization.
10. In what congressional district do you live? Who is your congressman?
(Answer any ten.)
1. What bodies of water touch North America? Bound the United States.
2. Compare South America to North America as to size, shape, products, and population.
3. Name the northeastern states. Name three important occupations of the people of the northeastern states.
4. Name five products that we send to South America and three that we receive from South America.
6. Describe coal formation and coal mining. Name three regions that produce coal.
6. Name five countries of South America, and give capital of each.
7. Describe the surface and climate of the southern states. What effect has the climate upon the industries of the southern states?
8. Give the form of government of each of these countries and the title of its ruler: England, Germany, France, Italy, Portugal.
9. Describe the surface of the western states. Name the mineral products of the western states.
10. Compare the German form of government with that of the United States.
11. Name the western states, and give capital of each.
12. Describe the surface and climate of France.
13. How did the United States obtain Alaska? Give reasons which show it was a wise purchase.
14. Name three rivers, three peninsulas and three mountain chains of Asia.
15. Name three products that we export, and tell to what countries each is sent. Name three products that we import, and tell from what countries we receive them.
16. What and where are the following: Adriatic, Wales, Baltic, Kimberly, Nile, Rhine, Caucasus, Canton, Palestine, Appenines?
1. What dangers threatened the Kansas people during the Civil War?
2. What is meant by “equal suffrage”? “bone-dry law”?
3. Describe a journey along the Santa Fe trail.
4. What did the national government do to encourage the building of railroads in an early day through Kansas?
5. How did the North and the South encourage immigration to Kansas?
6. Who were the following men, and what connection do they have with Kansas: Pike, Lane, St. John, John Brown, and Robinson?
7. Name five Kansas writers and a book written by each.
8. Name and locate two large military encampments in Kansas.
9. For what wars has Kansas furnished soldiers?
10. What have the Kansas schools done, and are doing, to help win the present war?
Not about education” ...its about saddling the “best and the brightest” with a set of shackles that will render them the most compliant with Federal objectives.
really an attempt at Federal self-preservation.
Not in the hard sciences.
ever notice how the bash the rich class warriors never mention academics as part of the rich they are bashing?
Higher Ed costs are never investigated.
BINGO! Just like the housing meltdown!
SOP for the rat Dims.
What then of heroes like Thomas Sowell, Victor Davis Hanson, Walter E. Williams? Will they have to find REAL jobs too?
I believe the tuitions at the UC’s and the CSU’s are still heavily subsidized. Does anyone have a breakdown of the California State taxes?
You are absolutely correct.
However, what is the ratio of Engineering and scientific degrees to nothing but Crap!
It would be interesting to compare the characteristics of the UC workforce in 1980 to today. Specifically, the ratio of administrators to faculty and the average faculty course load.
Who’d want to go to a quality school like UC Santa Cruz?
Yes. Somehow, I find it hard to believe they would have difficulties doing that.
Elite liberals have an inflated sense of their worth... fools.
Why aren’t they oding it themselves? Would they have expected a abolitionist become slaveowner by inheritance or marriage to free the slaves? Or are THEY continuing to live off the fruits of a form of indentured servitude upon captured youth?
Well, then let them do it. Empty bragging is easy. Drop all the pensions and derivative positions associated with the poisoned fruits of the modern academic tree.
They already have second jobs as media commentators.
And in a truly competitive academic environment, they should be able to more than hold their jobs.
With "Professor" in front of their name. What I'm saying is DROP all the benefits direct and indirect that the academic title and association presents. And then see who pays them to speak.
They would probably still be commentators, if nothing else than by their prior body of work.
It is entirely too easy to get ‘Professor’ in front of your name. See the recent anti-nuke idiots in Japan, for example.
It is. Thanks.
For years I tried to come up with a solution for the
“good academics”, for a “soft transition” Now, although
ultimately I have confidence that there will be support
for such in the long run, I am not sure that the transition
will be pleasant for any.