Free pre-K to college

One of the bewildering things about the modern GOP is that while they call themselves the “party of enterprise”, they are remarkably short-sighted when it comes to investment. And nowhere is that more apparent when it comes to the issue of education in America.

It is then fair to say that while the GOP know pretty much the cost of everything, they know the value of nothing. So it is then that a generation of young adults are racking up record levels of student debt to take into the workforce. So it is then that a huge number of working families with young children are also saddling themselves with yet even more debt so as to provide for pre-kindergarten coverage.

Looking at college first, the levels of student debt are truly both obscene and eye-watering. In 2018, the St. Louis Federal Reserve estimated that student borrowers collectively owe over $1.5 trillion in student loans. [1] A trillion is such an abstract number that it needs extra definition – it is a million million.

When graduating from college, our newly qualified employees of tomorrow should be focusing on the future and diverting their time, money and resources to being as productive as they can. Instead, as graduation day gets ever closer, a sizeable majority of them are instead understandably distracted as to when and how their student their student debt gets paid off.

Again, for a party that prides itself on it’s supposed economic acumen, the GOP and the right in general have their math all over the place when it comes student debt. The most basic of economic lessons tells us that the more disposable income one has, then the more spending power is to hand and the more robust an economy can be. This is however a lesson lost on the GOP. They hold a near morbid fascination, particularly so for the (only in name) “land of the free”, of keeping millions of young adults in a state of virtual captivity to big money and banking. This is unacceptable and needs to be brought to a stop.