David Ruccio has been posting a lot about the de-funding of public higher education. This is clearly a major issue. I think Mike Konczal gets the pithy award in his post titled, “The 21st-century retreat from public higher education.” In his conclusion, he writes:
That right now is the moment our country is turning toward the idea of massive indebtedness as a prerequisite toward participating in the 21st-century economy is incredibly cynical, given how much worthless debt is hanging like an albatross around the neck of this fragile recovery.
Of course, he could have gotten wordplay bonus points by pointing out how cyclical it is, as in pro-cyclical. Counter-cyclical policies, which have been all but abandoned in the developed world, would drastically increase subsidization of what is obviously a public good.