Next time you see this Granny Warren Quote....



and this....



here's an older article from June 13, 2014 by Daniel Greenfield that really helps clarify the issue.

http://www.frontpagemag.com/2014/dgreenf...t-student-debt/

Obama and Elizabeth Warren’s Big Lie About Student Debt

Elizabeth Warren, a tenured celebrity professor who jumped into politics, and Barack Obama, an untenured law school instructor, who made it big in politics, know exactly why student loan debt is so high and why their measures do nothing to address its real causes.

Harvard Law paid Warren $350,000 to teach a single course. When Scott Brown brought it up during a debate about student loans, she protested. “I want to talk about the issues. Senator Brown wants to launch attacks.”

But Warren’s outrageous compensation is the issue. Harvard pays the adjuncts who teach many of its undergraduate classes an average of $11,037. Elizabeth Warren, who likes comparing the salary of a company’s employees to its CEO’s, isn’t comparing the $429,981 that Harvard paid her before she ran for office to an adjunct’s salary. And unlike a CEO, all Warren did was show up for a little bit and then go back to her real business as a lawyer and government consultant.

The untenured Obama was making a more modest $69,287 for teaching three courses. He was politically connected, but had yet to become a celebrity. After leaving the White House, he can expect to easily pull down a small fortune for showing up to teach a brief seminar at any college.

The price of celebrity professors is paid for by student loans. The successful celebrity professors go on to a career in politics condemning Republicans for not caring enough about student loans.

In both the national economy and the campus, the biggest driver of inequality is bureaucracy.

The classic campus was top heavy with professors and light on administrators. The modern campus has more bureaucrats than professors. The average ratio is two administrators to one full-time faculty member. In the 1960s it used to be two faculty members to one administrator.

The rise of college administrators was driven by government regulations. The more colleges depended on the government to maintain their industry, the more they catered to government. The modern university isn’t run by donors, by student demand or even by its endless ranks of administrators. Like most government subsidized industries, it is run by the government.

Normal businesses have a profit motive for controlling the growth of their internal bureaucracy. The profit motive of universities lies in expanding their bureaucracy to better interact with their government masters. The very business of student loans increases the size of university administrations even while the cost of that administration increases the size of student loans.

In universities, as in their government templates, bureaucracy, regulation and spending feed off each other. Regulation results in more bureaucracy and more bureaucracy results in more regulation until the system can no longer fulfill its default function.

lots more good stuff too!

Quote: Frank Cannon wrote in post #3

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Quote: Rufus T Firefly wrote in post #2

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The sad thing is - Warren will likely win. But then again, I guess it doesn't really matter.

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I doubt that. She is missing all the qualities that every President since Ford had. Charm. She is physically repugnant. Her speech is more shrill that Hitlary. She is an absolute nobody to anyone except hard Leftists but she has enough of a record to sink her in a Primary.

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