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Wilson County News • 1012 C St • Floresville • TX • 78114 • Ph: 830-216-4519 • Fax: 830-393-3219 • Email:
Friday, Aug 29, 2014
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Johnny Partain  
McAllen, TX  
June 13 at 12:53am
 
Elaine. I join in your concern regarding the ever increasing education debt bubble, but I didn't actually see a solution in your petition. The bubble is a result of money being thrown at education through easy money to students, government programs, or matching funds; and through political relationships between universities and politicians. I have some experience regarding the political back scratching at the universities having achieved research contracts and other promises through the University of Texas. Here in deep South Texas our legislators just passed a bill to start a new $100 million plus medical school with all kinds of outside funding, but no actual market. Obviously someone is going to have to pay for this monument to political "achievement" through ever increasing taxes, loans, and grants. You realize that bubbles don't correct, bubbles burst, and like Chief Noetall alluded, there will be a day of reckoning - very soon in fact, possibly in the next few months. I predict it will unravel fast and then it won't matter.
     
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