Repost: Mark Cuban From His Blog: ‘The Coming Meltdown in College Education & Why The Economy Won’t Get Better Any Time Soon’

Full post here.

‘Its far too easy to borrow money for college.  Did you know that there is more outstanding debt for student loans than there is for Auto Loans or Credit Card loans ? Thats right. The 37mm holders of student loans have more debt than the 175mm or so credit card owners in this country and more than the all of the debt on cars in this country. While the average student loan debt is about 23k. The median is close to $12,500. And growing. Past 1 TRILLION DOLLARS.’

Perhaps there won’t be a meltdown, but current debt levels probably can’t be sustained.  Technology, global competition and various other factors are putting pressure on higher education in the U.S, and forcing it to change.

It still seems as though a promise and a wish this past century we Americans have had for ourselves has been extended as far as it will go (education and opportunity for all).  There are a lot of people whose livelihood depends upon keeping things the way they are.

Now, what comes next…and who are the interested parties?

Related On This Site: Should you get a college degree?:  Gene Expression On Charles Murray: Does College Really Pay Off?…Charles Murray In The New Criterion: The Age Of Educational Romanticism

The libertarian angle, getting smart, ambitious people off of the degree treadmill:  From The American Interest: Francis Fukuyama Interviews Peter Thiel-’A Conversation With Peter Thiel’ I think it’s going too far, trying to apply libertarian economics onto education, but Milton Friedman on Education is thought-provoking.

A deeper look at what education “ought” to be:  Let’s be like Europe! A Review Of Martha Nussbaum’s ‘Cultivating Humanity: A Classical Defense of Reform in Liberal Education.’

Nothing that Allan Bloom didn’t point out in the Closing Of The American Mind, at least with regard to a true liberal arts education: Update And Repost: ‘A Few Thoughts On Allan Bloom–The Nietzsche / Strauss Connection’

Perhaps some of the problem is due to the ideological interests holing up at our universities; at least in the liberal arts: Repost-Revisting Larry Summers: What Did He Say Again?From The Harvard Educational Review-

From CNN: ‘U.S. To Send Troops, Patriot Missiles To Turkey’

Full piece here.

Assad still has chemical weapons, but is losing ground, and it’s been a messy, protracted situation spilling over Syria’s borders.   Patriot missiles are used for defense.  Turkey also wants to keep a lid on the Kurds.  Let’s hope the chemical weapons situation doesn’t occur.

‘U.S. Defense Secretary Leon Panetta signed the order while en route to Turkey to send two Patriot missile batteries and 400 U.S. troops to operate them. The surface-to-air interceptors will help in “dealing with threats that come out of Syria,” Panetta said after landing at Incirlik Air Base, a U.S. Air Force installation about 80 miles from Syria’s border

Panetta was unconcerned about possible reactions from Damascus to the Patriot deployment. “We can’t spend a lot of time worrying about whether that pisses off Syria,” he said, adamant that helping Turkey was the priority.’

I hope we’re not waiting on Russia to come around, though it seems one strategic goal for this administration is to align and subsume U.S. interests to the ultimate aim of international courts, laws, and institutions, no matter how flawed and ineffective they can be.  This is probably not the best way to secure out interests, nor deal with strategic alignments down the road.

As a friend has pointed out:  our transformation to become like many quarters in Europe is being pursued with zeal:  the aim to centrally plan the U.S. economy and create a large welfare state, vastly expand the size and scope of government, have a few crony corporations that stifle competition, have our political leadership in bed with labor unions, the greens, the secular humanists and run by technocrats etc.  Of course, most of the interests that run the country are fairly well entrenched and it’s unclear how much anyone can do, but new coordinates are being entered in daily under the current administration.

From the Bangkok Post:

‘Germany and the Netherlands have also agreed to provide advanced “hit-to-kill” Patriot weapons, which are designed to knock out cruise and ballistic missiles as well as aircraft.

The move coincides with rising fears the Syrian regime may resort to using chemical weapons against rebel forces and after Assad’s army unleashed Scud missiles in recent days’

Here’s hoping for the best, and preparing for the challenges that await.

Michael Totten has some thoughts here.

Related On This SiteAdam Garfinkle At The American Interest: ‘Is Manaf Tlass’s Defection a Sign That Assad’s Regime Is Cracking?” From Foreign Affairs-’Former Syrian General Akil Hashem on the Uprising in Syria’From Slate: ‘In Aleppo, Syria, Mohamed Atta Thought He Could Build The Ideal Islamic City’Michael Totten At World Affairs: ‘Syria’s Regime Not Worth Preserving’From Reuters: ‘Israel Fires Warning Shots At Syria Over Golan Shelling’…Via Youtube-Uncommon Knowledge With Fouad Ajami And Charles Hill

From Michael Totten At World Affairs Journal: ‘The World According To Syrian Kurdistan’

Longer odds, lots of risk: Adam Garfinkle At The American Interest’s Via Media: “The Rise Of Independent Kurdistan?”