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Universities impoverish society
JICWyllie
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0
5-21-2008 8:28 AM
188 views
tags:
economy
,
i-education
,
i-consequences
,
i-waste
,
i-stupidity
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/1ec12285-20b4-409a-a22b-9bd8327ded1b/C1BA37A3-3C9C-426B-A502-993E17513590/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.fspinvest.co.uk/free-e-letters/daily-reckoning/articles/inflation-slow-growth-us-economy-00002.html" href="http://www.fspinvest.co.uk/free-e-letters/daily-reckoning/articles/inflation-slow-growth-us-economy-00002.html" style="font-size: 11px;">www.fspinvest.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.fspinvest.co.uk/free-e-letters/daily-reckoning/articles/inflation-slow-growth-us-economy-00002.html"><P>Universities impoverish society; the scholars inevitably reduce the net knowledge of the population with foolish ideas and preposterous plans. After a few generations, the professors have introduced not only gender studies and film interpretation, but Social Security, ethanol, Medicaid, central banking, option pricing models, wars on terror, tax rebates, sub-prime mortgages, progressive taxation, direct election of senators - and all the other bugaboos and balderdash of modern societies. </p> <P>Naturally, all these humbugs cost a lot of money. Yesterday, USA Today gave us an accounting. In the last year alone, it figured, the real deficit of the federal government increased $2.5 trillion. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.fspinvest.co.uk/free-e-letters/daily-reckoning/articles/inflation-slow-growth-us-economy-00002.html">found that the federal government has net unfunded obligations of $57.3 trillion - or about half a million dollars per household.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.fspinvest.co.uk/free-e-letters/daily-reckoning/articles/inflation-slow-growth-us-economy-00002.html">Add in state and local budget shortfalls, and you get to $61.7 trillion. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.fspinvest.co.uk/free-e-letters/daily-reckoning/articles/inflation-slow-growth-us-economy-00002.html"> average American household had net assets of only about $70,000.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C1BA37A3-3C9C-426B-A502-993E17513590/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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