Debt Plan From House Republicans Includes Cuts to Higher Education
“higher education lobbyists warned that the spending cuts would be devastating for students, colleges and universities”
This is one of the reasons Democrats are objecting to the plan. For most Republican voters, this is music to their ears.
Inside Higher Ed reports:
House Debt Plan Would Mean Higher Ed Spending Cuts
Education Secretary Miguel Cardona on Wednesday blasted the House Republicans’ proposed plan to lift the debt ceiling. The plan would block the administration from forgiving student loans and calls for cuts in federal spending.
“Speaker [Kevin] McCarthy declared that he will force a catastrophic default and plunge America into recession unless he can claw back school relief dollars and prevent millions of hardworking Americans—including over 83,000 borrowers in his own district—from getting the student debt relief they need coming out of the pandemic,” Cardona said in a statement.
Student debt relief advocates slammed the plan, and higher education lobbyists warned that the spending cuts would be devastating for students, colleges and universities.
Speaker Kevin McCarthy’s plan would raise the county’s debt limit by $1.5 trillion and also cut discretionary spending to fiscal year 2022 levels and limit future budget growth to 1 percent a year. The proposal is not likely to move forward in the Senate, even if it passes the narrowly divided House, but essentially serves as McCarthy’s opening offer in negotiations with President Biden over the debt ceiling.
The Treasury Department is currently taking “extraordinary measures” to keep the country from defaulting on its debt.
“It’s a shame for students and working families across the country that Republican lawmakers, many of whom benefitted from hundreds of thousands of dollars in small business loan forgiveness, continue to fight hypocritically to deny critical student debt relief to millions of their own constituents,” Cardona said.
Biden dismissed the proposal as full of “wacko notions” and said he would only accept a bill that increases the debt limit with no strings attached.
“These spending limits are not draconian, they’re responsible,” McCarthy said on the House floor Wednesday. “Federal spending exploded in the past two years by 17 percent. And that doesn’t include trillions in COVID-era spending. By limiting government spending, we will reduce inflation and restore fiscal discipline in Washington.”
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“higher education lobbyists warned that the spending cuts would be devastating for students, colleges and universities”
Studies departments hardest hit.
/I can dream…
So many presumptions.
— Cuts to federal subsidy: no cuts at all if “higher ed” can
extort,extract, solicit its own funding for itself.— For whom? Neither “higher ed” nor federal subsidy are general. This is subsidy of some people, extracted from others, by category.
— No certainty it’s actual “higher ed”, even if it identifies that way. What’s the content or results being subsidized?
— Institutional higher-ed. Higher learning by other means isn’t covered here.
“Cuts to federal funding of institutional higher-ed, for particular categories of people, independent of content or results.”
No certainty it’s higher even it says so. Well if guy can say he’s a gal, the people running those institutions can call it higher even if it ain’t so.
This proposal means nothing with only one house and no POTUS. To reform higher ed, we need specific curbing mechanisms to curtail administrative bloat and ensure that the landscape is recalibrated to reflect this.
No more lavish services, no more mental health counseling that’s exhausted by 5% of the student body but (under)funded by everyone else, no more social engineering for both recreation and forced DIE.
You come to school to get your business done. Without doing anything like this, schools will just raise tuition and Dems will scream further for tuition and loan welfare and we will be in the same inflated hell.
“Debt Plan From House Republicans Includes Cuts to Higher Education”
But not enough of them.
Good!
The Democrat socialists have been hard at work since Woodrow Wilson, through FDR’s era, into today. That is one hundred years of unchecked effort and brainwashing! They have seized control, following Gramsci’s advice, of education, entertainment including Hollywood, and the MSM,
Antonio Gramsci was a founder of the Italian communist party. Mussolini had him executed.
That does not mean I favor fascism. It means that even fascists can occasionally do the right thing.
But Gramsci’s teachings live on with vigor in the USA. The nation’s prognosis is grim.
They have baked far too much spending into the mandatory bucket away from the discretionary bucket. This leaves fewer and fewer buckets that can be cut. If they want real spending reform they mandatory bucket needs to be drained.
A perfect example was last year during the debate and passage of the PACT act that created an additional $3-400 billion in mandatory spending that opened up a hole for $3-400 billion in new discretionary spending. over 10 years.