The problem is that the cost of higher education is skyrocketing, making it so far out of reach that many potential students either can’t afford it or have to take out huge loans to pay the tuition. Instead of making it easier for more of our young people to get the education they need, we’re making it harder to access, and thus available to only the wealthier families.
My father succeeded without a college degree, but that would be much harder to do today. According to the Census Bureau, people with a bachelor’s degree earn an average of $51,000 a year. That’s $23,000 more a year than people with just high school diplomas and almost three times as much as high school dropouts.
When I speak at a college, the students surround me and ask me two questions: First, can I give or get them a job? And second, what can we do about their loans? They haven’t even graduated from school, they haven’t yet started working, and already they’ve mortgaged their future.
A four-year degree today can be expensive enough to create six-figure debt.
Getting an advanced degree or a medical education can put a young professional well over $100,000 to $200,000 in debt.
If the students can’t get enough scholarships or loan support, the parents have to step in, despite the risks to their own retirement funds. They may have to borrow the money, often by taking out a second mortgage if they have sufficient value in their home.
We can’t forgive these loans, but we should take steps to help them.
The big problem is the federal government. There is no reason the federal government should profit from student loans. This only makes an already difficult problem worse. The Federal Student Loan Program turned a $41.3 billion profit in 2013.
These student loans are probably one of the only things that the government shouldn’t make money from and yet it does.
And do you think this has anything to do with why schools continue to raise their tuition every year? Those loans should be viewed as an investment in America’s future.
In the end, we have no choice. We have to change the way we educate our children. We should return the basic control and responsibility for our schools to the states and local communities. They need to set standards for their teachers and students that reward competitive quality and excellence. Our communities have to make education a priority, with flexibility in the property taxes and other funding involved. And most important, the parents have to instill a spirit of discipline, focus, and passion for learning in their children because the schools can’t do it alone.
We are living in a very competitive world. If we study how the Asian countries have taken over in so many of the technology-based industries, the handwriting is on the wall.
The future of our country is studying in our classrooms right now.
Making our education system work is an important step toward making America great again.
6
THE ENERGY DEBATE: A LOT OF HOT AIR
AS OFTEN ATTRIBUTED TO Mark Twain, “Everybody talks about the weather, but nobody does anything about it.” Apparently we’re trying to prove him wrong.
We are actually blaming weather patterns on man-made causes. First, the so-called “experts” told us we were responsible for global warming, but then, when temperatures started dropping, scientists began referring to these variations as “climate change.”
Now these “experts” can’t figure out whether it’s getting too hot or too cold, so the new term is “extreme weather conditions.” That covers everything from boiling heat to frigid ice. However, the point is the same: By sending the by-products of burning fossil fuels into the atmosphere, we have supposedly changed the natural weather patterns.
In his 2015 State of the Union speech, President Obama declared the biggest threat on the planet today is climate change. The biggest threat?! We have ISIS troops chopping off the heads of innocent Christian missionaries. We have a coalition of adversaries in Syria supporting a dictator who uses chemical weapons on his own people. We have millions of Americans who have mortgages greater than the value of their property, while middle-class incomes are stagnant and more than 40 million citizens are living at poverty levels.
And our president is most concerned about climate change?
If you go back in history, you’ll find that the biggest tornadoes we’ve had in this country took place in the 1890s, and the most hurricanes occurred in the 1860s and ’70s. Violent climate “changes” are nothing new.
We have even had ice ages.
I just don’t happen to believe they are man-made.
I do agree that so-called global climate change is causing us some problems: It’s causing us to waste billions of dollars to develop technologies we don’t need to fulfill our energy needs.
President Obama introduced a program known as “cap and trade,” which sets a ceiling, or cap, on annual carbon dioxide emissions for companies. This would have forced them to reduce those emissions or pay a tax for the excess released above their cap. Because he could not get this legislation through the Congress, he has had his minions at the Environmental Protection Agency try to impose this plan through rule-making.
This plan has succeeded mostly in doing one thing—keeping oil at an inflated price. Even after oil has dropped to $50 a barrel, we still live with prices at the pump that are too high.
The truth is, we have sufficient energy supplies in this country to power us into the next century—all we have to do is develop them. Among all the gifts that God gave to America was an abundant supply of natural energy. According to the Department of Energy, the natural gas reserves we have in the ground could supply our energy needs for centuries.
For example, the Marcellus Shale Fields lying under New York, Pennsylvania, Ohio, and West Virginia could produce the equivalent of tens of billions of barrels of oil, giving us plenty of time to develop sensible and cheaper alternative forms of energy.
Right now, we are greatly dependent on oil. The cost of energy is one of the driving forces of our economy. Job creation is tied directly to the cost of oil. The more it costs to get it out of the ground and to the consumer, the fewer jobs that are created in all the industries that run on oil. We don’t even know how much oil is sitting buried under your feet as you read this book right now.
Researchers at Rice University in Houston, Texas, have estimated we might have two trillion barrels of recoverable oil, enough to last the next 285 years. Technology has changed so much in the last few years that a Goldman Sachs study has estimated that by 2017 or 2018, we could overtake both Saudi Arabia and Russia to become the world’s largest oil producer.
The oil is there for the taking; we just have to take it.
I’ve never understood why, with all of our own reserves, we’ve allowed this country to be held hostage by OPEC, the cartel of oil-producing countries, some of which are hostile to America. For the last few decades, the leaders of OPEC have been sitting around their conference table, setting the price of oil and laughing at us.
They know we have no leadership and we’ll pay whatever price they conspire to create. For years I’ve been urging our politicians to have the guts to bust the OPEC cartel, but then I remember something else Twain said: “Suppose you were an idiot. And suppose you were a member of Congress. But I repeat myself.”
We can’t be fooled or lulled into a sense of security by the current drop in oil prices, which is unpredictable and still insufficient, given the amount of oil out there. Those oil prices are like the weather: guaranteed to change. We need to be prepared to drill our own oil. And we need to take advantage of every opportunity, including approving the Keystone XL Pipeline.