Tuesday, May 11, 2010
Public Higher Education is a Money Maker (in case you didn't know)
For those who care about public higher education in both California and the rest of the country and the world, the report I have linked to here is well worth reading.
The report makes many important points. None may be more crucial though than the fact that for every $1 of California tax money that is invested in the California Statue University system, $5.43 comes back in return to the state and its citizens.
Too may people--even those who consider themselves liberal or leftist--have fallen for the highly promoted untruth that public higher education is a money-losing system. In fact, the opposite is true.
We're living in a moment when banks and other major Wall Street financial groups made a lot of money by pushing the U.S. to the brink of economic disaster and then placed bets that would help them make money too when the economy collapsed.
In a tough economic climate, it doesn't make sense to abandon support for institutions that actually enrich the state of California, instead of taking money out of it and handing it over to international corporations.