Tuesday, December 12, 2017
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MarkLevine

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“If there were ever the slightest doubt in your mind that the entire Tea...

by Virginia Del. Mark Levine If there were ever the slightest doubt in your mind that the entire Tea Party movement was bullshit, today you...

James Comey Did So Once, Could Trample On Our Democracy Yet Again

by Del. Mark Levine So to sum up Comey's testimony: he broke decades of law, ethics, and policy; he irrevocably tarred the FBI as a...

Mark Levine: “We can resist an unfair media. We need to support media of...

The media, even as of June, was overwhelmingly biased against Hillary Clinton. According to a Harvard study, a whopping 84% of the coverage was...

Why Trumpists Don’t Mind — and Sometimes Believe — the Donald’s Torrent of Lies

by Virginia Del. Mark Levine According to POLITICO’s five-day analysis, Donald Trump averaged one falsehood every 3 minutes and 15 seconds over nearly five hours...

Congress Can Control College Costs

The millennials may be the first generation in American history to be worse off than their parents. Despite ever-growing improvements in technology and worker productivity, increasing numbers of college graduates in their 20's and 30's are returning home to live with mom and dad. They are drowning in a sea of red ink. The problem, of course, is college affordability.

Although the surest ticket out of poverty remains higher education, higher education itself is placing too many Americans back in poverty. In the last 30 years, the cost of a college education has astoundingly almost tripled even after taking account of inflation. Meanwhile the public subsidy to students has remained stagnant. That means, after taking account of inflation, subsidies to students have been cut in half. Do the math. When I went to college, the Government subsidized almost six times as much of college costs. No wonder today's generation is feeling the pain.

And it's not just tuition. Room and board are skyrocketing, as colleges use these items, plus fees, to pad their payments to administrators. And we have to be clear that's where the money is going. Why a college with the same number of students as 30 years ago needs twice the number of administrators to handle them now is beyond me.

To add insult to injury, the Federal Government profits off the backs of students by charging them an additional 3% to 6% more for student loans than we charge banks. That's a hiked rate of interest on an overcharged principal, amounting to an astonishing $21 billion a year the Government makes off of strapped and vulnerable individuals struggling to live the American Dream. Private industry charges even more.

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