As I wonder about the recent recessions, what were they about? The last recession beginning in late 2007 was caused by the housing bubble. Of course, debate occurs even today over which political party is the most responsible for this crisis. Another famous recession is the dot-com bust, which of course had to do with the internet companies in the 1990s. I would love to be educated about the exact economic principles of these two famous recessions because I honestly do not completely know the mechanisms behind them.
However, I was talking tonight with Matt Arnold, a conservative who is running for CU Regent, At-Large. I will definitely have him on my show because even though I am a liberal, I feel that conservatives, especially fiscal conservatives, are vastly underrepresented in our system. Anyways, we didn’t agree on many things, but we did agree on the fact that the CU Administration is so out of touch with the students here at CU that it is not even funny.
There was one concept that I stated and that he agreed with and will (hopefully) use in his campaign for CU Regent, At-Large- The College Tuition Bubble.
Think about it- do you think higher education can be sustainable by having tuition prices continually increase? Do you imagine that people will end up paying $80,000 a year to go to college? I admit that this is pessimistic thinking, but there is no sign of tuition costs decreasing any time soon. Our college funding decreases little by little every year, and it seems like we end up paying more money for less services.
I think that college prices will rise so high that people won’t find any value in going to school anymore. They will stop going to school because they do not think that being sucked into that kind of debt is worth it in the end. The schools lose even more money, and the economic structure of colleges everywhere collapses. The bubble bursts, people get screwed over (except for the top administration posts because it seems like the rich ALWAYS get richer from recessions), and we will have to revamp the entire school system.
A solution? Transparency. Hopefully this Colorado House Bill goes through and we can FINALLY find out where our money is being spent. One thing is for sure is that the money is not spent on the students.
This is an issue that both sides can agree on. Let’s stop this bubble once and for all before it bursts.