Chevy/Ford Educations @ Cadillac Prices? Why? Your money subsidizes it!!

I don't know about y'all, but ole Pecozbill thought that the location of Obamanation's budget speech the other day was what my grand kids would call ........ 'harmonious' or some such. That he chose George Washington University to deliver this obvious campaign opening salvo on common sense was apropos, indeed!

George Washington University (GWU) is one of the highest (overpriced) universities in these United States of America. With annual costs to the student in excess of $50,000 (that would be pushing a quarter million bucks for four years in earning a bachelor's degree) it is in a rare class. On the other hand, as ratings go, it is rated at the bottom of the barrel.

In terms of dollars-to-value, GW ranks in the basement. U.S. News, which does not sort by tuition, has it as the 51st best university in the country. Forbes takes cost into consideration when ranking colleges. We have GW as the, get ready: 291st best college.

Would you fill up your brokerage account with shares of what Morningstar calls the 291st best mutual fund? Or pay Mercedes prices for the 51st best car rated by Consumer Reports?

Speaking of overpriced education, and I just was of course..... let me pose a question here: Why is it that with the gob'mint spending $150 Billion of our tax dollars sending kids to school every year, that same gob'mint never raises hell about the skyrocketing tuition and added costs of those colleges and universities. They sure are quick to shout about gas prices or the cost of a movie ticket or medical costs --- or what Walmart's profits were last year, but although college tuition fees have skyrocketed way past the rate of inflation, they say nothing............NOTHING!!

Look at this little article, and then click on the easy to read graph....

Disproportional inflation of college costs

"Disproportional inflation" refers to inflation in a particular economic sector that is substantially greater than inflation in general costs of living. This kind of inflation for medical costs in recent decades is well known. However, that of college tuition and fees exceeds that of medical costs.

The following graph shows the inflation rates of general costs of living (for urban consumers; the CPI-U), medical costs (medical costs component of the consumer price index (CPI)), and college and tuition and fees for private four-year colleges (from College Board data) from 1978 to 2008. All rates are computed relative to 1978. ^[13]

Just in case you can't see the fine print in this chart, that top orange line is the rate of inflation for college tuitions, the yellow line is the rate of inflation for medical costs and that green rather flat line at the bottom shows the real Cost of Living increase over this period!

I'm gonna let y'all stew on this for a few days, like I have and also invite any comments you might have.... because I think there is room for a whole passel of comments to be made! We are talking about over a Trillion of our tax dollars over the next ten years -- as we sink in the muck and mire of national debt!!!!!!!!!