Why the College Cheating Scandal should be blamed on the student loan crisis backed by the government. Professor of Economics at Stockton University, NJ, Michael Busler, PhD, joins Dave Sussman and also discusses the increase of socialism among students, and a report card on President Donald Trump’s economic policies. Follow Dr. Busler at https://twitter.com/mbusler and https://www.facebook.com/fundingdemocracy

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There are 5 comments.

  1. Fake John/Jane Galt Coolidge

    So Dave Sussman is upset because he is not successful enough to game the system so his child cna go to college too?

    • #1
    • March 15, 2019, at 9:46 AM PDT
    • Like
  2. RufusRJones Member

    I really like that guy. Very good explainer. I don’t know what topic but he would be really good in a Prager U video.

    He explained the attraction to socialism perfectly. You never hear anybody on the right talk like that. It’s the same thing with the pro Trump vote and populism. The GOPe is too stupid and corrupt to think about this.

    • #2
    • March 16, 2019, at 3:36 PM PDT
    • Like
  3. LibertyDefender Member

    Dave Sussman‘s Whiskey Politics podcast has been on fire lately – and I mean that in a good way. Great rants, great guests, great questions, great discussion.

    A couple of corrections/clarifications:

    • Sallie Mae, not Fannie Mae (though the socialist/incestuous corruption argument is spot on);
    • @8:40:

    … my first undergraduate school that I went to in the 80s, my first semester tuition was $287, … now it’s $40,000 a year. Same school, same education.

    Same school, same degree perhaps, but I can virtually guarantee it’s not the same education. By every measure – absolute and relative – higher education in the US is dramatically lower in quality than it was 30+ years ago, when Dave Sussman (and I) attended. My background is engineering, and I’ve seen firsthand how engineering students of today are simply not exposed to, much less required to master concepts that were fundamental to any engineering degree. In the liberal arts, I’ve heard reports that a student can graduate from Princeton with a B.A. in English, without having read a single word of Shakespeare. Heck, colleges today give credit for AP psychology classes that are routinely taken by high school freshmen. What responsible adult honestly believes that he or she could master college level material as a high school freshman? College degrees today aren’t worth the paper they’re probably not even printed on.

    • That $287/semester tuition was heavily subsidized by the state. In theory, subsidizing a needy individual students’ education through low cost student loans is a more equitable solution than subsidizing all tuition for all students, regardless of need. In practice though, as you point out, colleges have simply raised their tuition to match the available subsidies.
    • #3
    • March 18, 2019, at 9:14 AM PDT
    • 2 likes
  4. Dave Sussman Contributor

    LibertyDefender (View Comment):

    A couple of corrections/clarifications:

    • Sallie Mae, not Fannie Mae (though the socialist/incestuous corruption argument is spot on);
    • @8:40:

    Absolutely correct. Fannie and Freddie are R.E. 

    Thanks for the comments. 

    • #4
    • March 18, 2019, at 10:25 AM PDT
    • Like
  5. Dave Sussman Contributor

    Fake John/Jane Galt (View Comment):

    So Dave Sussman is upset because he is not successful enough to game the system so his child cna go to college too?

     

    Humor may be lost in translation, but with a billion dollars net worth, no.

    What lessons are these parents are teaching their kids?

    • #5
    • March 18, 2019, at 10:27 AM PDT
    • 1 like