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A Dysfunctional System That Bankrupts A Generation
By Wolf Richter www.testosteronepit.com
Tuition has done it again: up by 8.3% for universities and by 8.7% for community colleges, according to the College Board. Here in California, tuition increases are outright ridiculous. Much of it will be paid for with student loans (though grants, scholarships, other aid, and tax credits will cover some of it). Student loan debt will exceed $1 trillion by the end of the year—a stunning amount. But unlike other debt, it cannot be discharged in a bankruptcy.
The skyrocketing costs of higher education add to the strains already weighing down the middle class whose median household income has fallen 9.8% between December 2007 and June 2011 (Sentier Research) and whose real wages have declined 1.8% over last year (BLS) and around 9% since their peak in 1999.
We all support education; we want the next generation to be productive. So now, under increased pressure to "do something," the Obama administration has come up with a Band-Aid, which includes income-based payment limits and ultimate debt forgiveness in certain cases—an accelerated implementation of program improvements that would have taken effect in 2014. Looking forward, it is likely that more taxpayer funded relief is on the way.
But the system itself is dysfunctional. The cause: a misalignment of interests within the complex relationships between students, universities, the student-loan industry, and the federal government.
Universities are businesses, and businesses have the natural purpose to charge the maximum price the market will bear. But unlike Walmart or the shop down the street, universities operate in a system that has become devoid of market forces, and when they demand higher tuition, the whole system falls in line to support those increases:
- Students want an education, and they have to get it within the higher education system. When costs go up, they can't massively drop out; doing so would endanger their future. They can choose cheaper universities and community colleges, but they're all within the same system, and they're all doing the same thing: jacking up tuition and fees. And the very logical mechanism of "out-of-state tuition" ends up being a highly anti-competitive measure. So students fight tuition increases the only way they can: obtain more funding.
- The student loan industry profits from processing student loans and related government subsidies. Naturally, they encourage students to take on more debt. Risk would function as a natural brake for making loans. But in the student loan industry, there is little or no risk as the government guarantees the loans, and loans cannot be discharged in bankruptcy. Further, the amount of a student loan is a function of the cost of a particular school—which further reduces price competition between schools.
- The government, in constant need of voter support, will fund or guarantee whatever it takes to allow students to get their education. Any cutback would be perceived as a way to strangle the education of the next generation. The only option the government would have is limit what universities can charge, similar to the limits that the government imposes on Medicare providers, but that option is a non-starter.
As a consequence, university budgets have become huge. Administrator salaries, bonuses, benefits, golden parachutes, and pensions have shocked the public when they're exposed in the media. Programs that have little or nothing to do with education swallow up more and more money. And sure, everybody loves to have well-equipped labs. The beneficial forces of market discipline have been wrung out of the system. Instead, it has become a mechanism for automatic and unstoppable tuition increases, made worse by cutbacks in state funding. The ultimate but innocent and well-meaning enabler: the setup of government guaranteed student loans.
At fault is the system itself. Like our healthcare system, it needs to be restructured and opened up to competition or to effective checks and balances when competition isn't possible. Solutions won't be easy, but with $1 trillion in student loans outstanding, there isn't much room left before it will bankrupt an entire generation (while the healthcare system is on the way to bankrupting the nation).
And there are more government Band-Aids on the way: Obama's Refi, A Special Tax For People Who Can't Do Math
Wolf Richter www.testosteronepit.com
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Well said. Tuition increases will continue breakneck so long as we continue subsidizing them. I regard student loans as a deliberate subsidy to the the above-average-in-intelligence-but-very-left coterie that runs our campuses. That group provides intellectual justification for left policies of every sort. So of course, the taxpayers are made to provide huge subsidies. Sadly, the other ones providing the subsidies are young, 18 year old students trying to figure out what to do with life and who don't understand how awful it is to be 22 and in debt $300,000.
What do you call it again when cheap subisidized credit is chasing a modestly constrained resource (a degree) produced by a tax subsidized entity? a bubble? hell yeah. time to eliminate the exemptions for nonprofits education...
Student loans...another Scam brought to your by Scams-R-Us.
Missing in the "income-based" student loan repayment is that if the government "discovers" cost savings 15 years from now by not allowing the debt to be forgiven, it becomes a permanent 10% income tax ncrease. It's how you sneak in an income tax increase to a generation of debt slaves.
We need branches of foreign universities and health clinics in every town. Competition is the only way.
It seems to me that education has been very slow to adopt technology. I mean attending lectures is just a waste of everyone's time when the subject matter could be better covered online. By adopting online study programs, courses could be shorter, especially for students who are prepared to work harder, and staff numbers could be reduced. But, of course...........
University of Phoenix, Capella and dozens of other online paper mills. Just great. They cost more, the students learn nothing. Just what our country needs.
BTW - Nearly every major college and university has online courses. Some things you can't learn online unless you have a lab in your home. I've also learned that there is very little discussion with other students and the instructor when it comes to online classes. You might as well buy a book and read and forget the class
Agreed. A few things are tough to learn this way; math and foreign languages come to mind. But who in America studies those things anyway (besides the immigrants)?
even better, borrow the book from a library. ;)
Too many hands in the till. Governemnt, Liberals, Lenders, and of course Democrats taking care of each other. Colleges have the most bloated administrative staffs I have ever seen. Who would ever quit when their kids gets to attend the college for free. In CT, they are giving in state tuition to illegal immigrants, squeezing out the in state tax payers. System is insane.
I had always planned for my kids to be able to go to harvard or some other expensive private school. However i wont qualify for financial aid.
I now think they are much better off skipping harvard and me just giving them a couple hundred thousand.
Being born in the mid sixties I was part of the last group that could benefit from getting as much of the most expensive education possible. That strategy for success is no longer valid.
I was only planning on the state school but I did the same thing. As soon as they were born, I figured out how much college would cost by the time they were old enough and based on the then standard planning rules of college costs rising 3% a year and those all so obviously great stock returns would be 8% a year I put in an amount that would pay for it every month. After about 10 years, college costs had increased 300% and the stock market return was minus 20% so I just put in what I could afford and ended up with not enough. Even so, this eliminated them from all financial aid. I told my youngest one I would just give him $100K and he should move to Fla and buy a condo for $50,000, rent one room out and just work as a bartender or something instead of college but his mom insists on the college..
Your biggest mistake was working hard and making a large income, as well as being white. I'll bet you feel pretty damn stoopid. Here, I'll help you improve your plans for your kids; convert your 'couple a hundred thousand' into shiny PMs, then give them to them...
...and why go to Harvard now? Would be terrible to graduate into the 'elite' just when people start hanging them from lampposts by the thousands, right?
Hehe. Good points, but I dont feel steyupid. I feel blessed. My dad always said be happy when you are paying large amounts of taxes. It means you are successful.
It was a mix of luck and some talent. So I realize there but for the grace of sky wizard go I. (but i still dont want to support the idle.....I want to get them a phookin job)
Great video with Schiff:
http://www.mrctv.org/videos/peter-schiff-takes-99
Peter Schiff has far more patience with people than I do. But that's a pretty ballsy move on his part ... kudos to Schiff.
I agree, that is huge cajones. Gotta think the police were just outside of the frame there. He handled it beautifully.
just dont touch college football budgets or you'll really start a riot,
everything else is expendable.
real science not taught anywhere as it would change everything:
http://www.facebook.com/note.php?note_id=10150216068874164
STFU moonbat
Do you REALLY THINK that if ANYTHING this idiot kook said was even REMOTELY close to true that anyone could STOP it?
Free energy is the POWER OF GOD
Employee name Job title Campus Overtime pay Gross payDescending
Tedford, Jeff Head Coach-Intercolg Athletics Berkeley $0 $2,342,315
Howland, Benjamin Clark Coach, Intercol Athletics,Head Los Angeles $0 $2,058,475
Busuttil, Ronald W Professor-Medcomp-A Los Angeles $0 $1,776,404
Leboit, Philip E Prof Of Clin___-Medcomp-A San Francisco $0 $1,574,392
Mccalmont, Timothy H Prof Of Clin___-Medcomp-A San Francisco $0 $1,573,494
Shemin, Richard J Professor-Medcomp-A Los Angeles $0 $1,400,000
Neuheisel, Richard Gerald Coach, Intercol Athletics,Head Los Angeles $0 $1,290,136
Azakie, Anthony Assoc Prof In Res-Medcomp-A San Francisco $0 $1,098,588
Ames, Christopher P Aso Prof Of Clin___-Medcomp-A San Francisco $0 $945,407
Montgomery, Michael J. Head Coach-Intercolg Athletics Berkeley $0 $918,562
Weinreb, Robert N. Professor-Medcomp-A San Diego $0 $869,436
Lawton, Michael T Prof In Res-Medcomp-A San Francisco $0 $821,468
Esmailian, Fardad Hs Clin Prof-Medcomp-A Los Angeles $0 $815,958
Reemtsen, Brian L Hs Asst Clin Prof-Medcomp-A Los Angeles $0 $813,937
Berggren, Marie N Treasurer Of The Regents Office of the President $0 $810,341
Jamieson, Stuart W Professor-Medcomp-A San Diego $0 $807,500
Gershwin, Merrill E Professor-Medcomp-A Davis $0 $796,135
Prusiner, Stanley B Professor-Medcomp-A San Francisco $0 $795,574
Schanzlin, David J. Prof Of Clin___-Medcomp-A San Diego $0 $793,000
Vail, Thomas P Professor-Medcomp-A San Francisco $0 $780,000
Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2009/06/05/ucpay2008.DT...
Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2009/06/05/ucpay2008.DTL#ixzz1bwLUcZZ7
The medical ones, perhaps justifiable, if they actually are on the cutting edge and could make the same in private industry and the graduates are starting new biotech firms, etc.
I have a friend who works as a programmer at a college. He got in trouble for working late one day - overtime not allowed. Low stress. Good pay. Why not, it's a monopoly like med. They have raised the costs at the college sometimes as much as 18% in a single semester. But enrollment always goes up....
The med school profs and sports coaches earn the most because there is government collusion in medicine, sports, and higher education.
Much better, thanks
The current educational system will not last very much longer - the internet will see to that.
Internet exposes educational system's corruption.
Six figure salaries for teachers in OHIO:
Check out AXNER DAVID's $180k/year salary while working only 260 days a year!
Year Name District Building Salary Days Worked
2007 ABEGGLEN JOHN W. West Clermont Local West Clermont Local $121,034.00 218
2008 ABEGGLEN JOHN W. West Clermont Local West Clermont Local $123,454.00 218
2010 ACKERMAN JILL A. Lima City Lima City $102,000.00 260
2011 ACKERMAN JILL A. Lima City Lima City SD $104,040.00 260
2011 ACKERMANN TIMOTHY A. Milford Exempted Village Milford Ex Vill SD $102,375.00 223
2010 Acomb Michael J. Solon City Orchard Middle School $104,252.00 227
2011 Acomb Michael J. Solon City Orchard Middle School $104,252.00 227
2011 ACTON JAMES F. Finneytown Local Finneytown Local SD $104,981.00 265
2007 AdamsJohn Willoughby-Eastlake City Willoughby-Eastlake City $117,147.00 261
2008 AdamsJohn Willoughby-Eastlake City Willoughby-Eastlake City $117,147.00 261
2008 AdamsJennie Berea City Berea City $104,864.00 260
2009 AdamsJohn Willoughby-Eastlake City Willoughby-Eastlake City $123,675.00 261
2009 AdamsJennie Berea City Berea City $107,333.00 260
2010 AdamsJohn Willoughby-Eastlake City Willoughby-Eastlake City $123,675.00 261
2010 AdamsJennie Berea City Berea City $109,451.00 260
2011 ADAMS NATASHA L. Forest Hills Local Nagel Middle School $103,384.00 232
2011 ADAMS WILLIAM J. Revere Local Revere High School $100,410.00 248
2011 AdamsJohn Willoughby-Eastlake City Willoughby-Eastlake City SD $123,675.00 261
2011 AdamsJennie Berea City Berea City SD $113,573.00 260
2011 ADEN MARC E Cleveland Heights-University Heights City Cleveland Heights High School $101,914.00 220
2010 ADKINS MARY-ANNE Aurora City Craddock/Miller Elementary School $101,004.00 185
2011 ADKINS MARY-ANNE Aurora City Craddock/Miller Elementary School $101,004.00 185
2011 ADKINS PATRICK D. Port Clinton City Port Clinton City SD $100,587.00 260
2007 ADREAN ANGELA A. Gahanna-Jefferson City Gahanna South Middle School $105,209.00 220
2008 ADREAN ANGELA A. Gahanna-Jefferson City Gahanna South Middle School $109,646.00 220
2009 ADREAN ANGELA A. Gahanna-Jefferson City Gahanna South Middle School $114,254.00 220
2010 ADREAN ANGELA A. Gahanna-Jefferson City Gahanna South Middle School $119,039.00 220
2011 ADREAN ANGELA A. Gahanna-Jefferson City Gahanna South Middle School $120,397.00 220
2007 AERNI KENNETH H. Maumee City Maumee City $110,626.00 223
2008 AERNI KENNETH H. Maumee City Maumee City $114,461.00 224
2009 AERNI KENNETH H. Maumee City Maumee City $118,430.00 224
2010 AERNI KENNETH H. Maumee City Maumee City $118,430.00 224
2011 AERNI KENNETH H. Maumee City Maumee City SD $120,759.00 223
2010 AHO MARTIN H. Twinsburg City Twinsburg City $106,446.00 260
2011 AHO MARTIN H. Twinsburg City Twinsburg City SD $108,166.00 260
2011 Aker Jeffrey C. Solon City Solon High School $102,694.00 186
2007 ALEXANDER GLENN C. Clermont County Educ Serv Cntr Clermont County Educ Serv Cntr $121,550.00 261
2007 ALEXANDER GLENN C. Clermont County Educ Serv Cntr Clermont County Educ Serv Cntr $121,550.00 132
2008 ALEXANDER GLENN C. Clermont County Educ Serv Cntr Clermont County Educ Serv Cntr $121,550.00 261
2009 ALEXANDER GLENN C. Clermont County Educ Serv Cntr Clermont County Educ Serv Cntr $121,550.00 261
2010 ALEXANDER GLENN C. Clermont County Educ Serv Cntr Clermont County Educ Serv Cntr $121,550.00 261
2011 ALEXANDER GLENN C. Clermont County Educ Serv Cntr Clermont County Educ Serv Cntr $121,550.00 261
2007 ALEXANDER RAMI CAROLINE J. Olmsted Falls City Olmsted Falls City $112,054.00 227
2008 ALEXANDER RAMI CAROLINE J. Olmsted Falls City Olmsted Falls High School $112,718.00 227
2009 ALEXANDER RAMI CAROLINE J. Olmsted Falls City Olmsted Falls High School $112,718.00 227
2011 ALEXANDER-JONES SHIRLEY L Columbus City School District Columbus City Schools City SD $103,332.06 260
2010 ALIG JANA M. Reynoldsburg City French Run Elementary School $101,674.00 232
2011 ALIG JANA M. Reynoldsburg City Herbert Mills Elementary School $101,674.00 232
2007 ALLEN DAVID L. Mason City School District William Mason High School $111,330.00 261
2007 ALLEN DENNIS L. Rocky River City Rocky River City $134,780.00 261
2007 ALLEN DONALD S. London City London City $105,400.00 260
2007 ALLEN ALFRED Gahanna-Jefferson City Lincoln High School $102,310.00 220
2008 ALLEN ALFRED Gahanna-Jefferson City Lincoln High School $111,097.00 261
2008 ALLEN NANCY S. Centerville City Centerville City $109,930.00 224
2008 ALLEN DAVID L. Mason City School District William Mason High School $116,238.00 262
2008 ALLEN DONALD S. London City London City $107,400.00 260
2009 ALLEN DONALD S. London City London City $111,588.00 260
2009 ALLEN ALFRED Gahanna-Jefferson City Lincoln High School $111,097.00 261
2009 ALLEN DAVID L. Mason City School District William Mason High School $121,331.00 261
2009 ALLEN NANCY S. Centerville City Centerville City $113,357.00 261
2010 ALLEN DAVID L. Mason City School District William Mason High School $121,331.00 261
2010 ALLEN DONALD S. London City London City $114,500.00 260
2010 ALLEN NANCY S. Centerville City Centerville City $113,656.00 260
2010 ALLEN DAVID L. Mason City School District Mason City School District $125,123.00 261
2011 AllenAmy R. Kettering City J F Kennedy Elementary School $101,403.00 220
2011 ALLEN MARY C Columbus City School District Oakland Park Alternative Elementary $100,022.00 260
2011 ALLEN DAVID L. Mason City School District Mason City City SD $130,194.00 260
2011 ALLEN DONALD S. London City London City SD $114,500.00 260
2009 ALLENICK DAVID S. South Euclid-Lyndhurst City Brush High School $101,120.00 215
2010 ALLENICK DAVID S. South Euclid-Lyndhurst City Brush High School $106,074.00 215
2011 ALLENICK DAVID S. South Euclid-Lyndhurst City Brush High School $106,074.00 215
2011 ALSTON ANTHONY E Columbus City School District Beechcroft High School $104,562.12 260
2007 ALTHERR EVELYN E. Middletown City Middletown City $115,781.00 225
2008 ALTHERR EVELYN E. Middletown City Middletown City $118,652.00 225
2009 ALTHERR EVELYN E. Middletown City Middletown City $118,652.00 225
2008 AMES JOHN A. Loveland City Loveland City $102,677.00 222
2009 AMES JOHN A. Loveland City Loveland City $104,637.00 222
2010 AMES JOHN A. Loveland City Loveland City $107,954.00 222
2011 AMES JOHN A. Loveland City Loveland City SD $110,560.00 222
2008 AMODIO ROBERT M. Fairfield City Fairfield City $101,499.00 228
2009 AMODIO ROBERT M. Fairfield City Fairfield City $101,499.00 228
2010 AMODIO ROBERT M. Norwood City Norwood City $105,000.00 260
2011 AMODIO ROBERT M. Norwood City Norwood City Schools City SD $105,000.00 260
2007 AMOS MICHAEL J. Oak Hills Local Oak Hills Local $107,234.00 260
2008 AMOS MICHAEL J. Oak Hills Local Oak Hills Local $107,234.00 260
2009 AMOS MICHAEL J. Oak Hills Local Oak Hills Local $117,561.00 260
2010 AMOS MICHAEL J. Oak Hills Local Oak Hills Local $117,561.00 260
2011 AMOS MICHAEL J. Oak Hills Local Oak Hills Local SD $122,310.00 260
2007 ANDERSON STEPHEN P. Jackson City Jackson City $112,255.00 260
2007 ANDERSON BART G. ESC of Central Ohio Educ Serv ESC of Central Ohio Educ Serv $139,500.00 255
2008 AndersonLarry D Bellefontaine City Bellefontaine City $104,738.00 262
2008 ANDERSON STEPHEN P. Jackson City Jackson City $126,309.00 260
2008 ANDERSON BART G. ESC of Central Ohio Educ Serv ESC of Central Ohio Educ Serv $145,000.00 255
2008 ANDERSON EDNA S. Columbiana County JVSD Columbiana County JVSD $101,057.00 260
2008 Anderson Dennis P. Solon City Solon City $100,288.00 260
2009 ANDERSON ELIZABETH A. Rocky River City Rocky River City $118,994.00 260
2009 ANDERSON STEPHEN P. Jackson City Jackson City $128,252.00 264
2009 ANDERSON BART G. ESC of Central Ohio Educ Serv ESC of Central Ohio Educ Serv $149,350.00 255
2009 AndersonLarry D Bellefontaine City Bellefontaine City $109,975.00 261
2009 ANDERSON EDNA S. Columbiana County JVSD Columbiana County JVSD $104,594.00 260
2009 Anderson Dennis P. Solon City Solon City $104,211.00 260
2009 ANDERSON RONALD W. Greene Educ Serv Cntr Greene Educ Serv Cntr $102,870.00 190
2010 ANDERSON ELIZABETH A. Rocky River City Rocky River City $121,739.00 261
2010 ANDERSON BART G. ESC of Central Ohio Educ Serv ESC of Central Ohio Educ Serv $151,590.00 212
2010 ANDERSON EDNA S. Columbiana County JVSD Columbiana County JVSD $108,046.00 260
2010 ANDERSON RONALD W. Greene Educ Serv Cntr Greene Educ Serv Cntr $106,598.00 190
2010 AndersonLarry D Bellefontaine City Bellefontaine City $109,975.00 261
2010 ANDERSON MICHAEL D. East Cleveland City School District East Cleveland City School District $100,202.00 260
2011 ANDERSON ELIZABETH A. Rocky River City Rocky River City SD $129,192.00 261
2011 ANDERSON BART G. ESC of Central Ohio Educ Serv ESC of Central Ohio Educ Serv $155,590.00 212
2011 AndersonLarry D Bellefontaine City Bellefontaine City SD $109,975.00 261
2011 ANDERSON MICHAEL D. East Cleveland City School District East Cleveland City Schools Ci $109,492.00 260
2011 ANDERSON RONALD W. Greene Educ Serv Cntr Greene Educ Serv Cntr $111,750.00 190
2011 ANDERSON EDNA S. Columbiana County JVSD Columbiana County JVSD $111,612.00 260
2011 ANDRE CHARLES M. ESC of Central Ohio Educ Serv ESC of Central Ohio Educ Serv $103,083.00 200
2007 ANDREWS GEOFFREY G. Polaris JVSD Polaris Career Center JVSD $106,279.00 215
2008 ANDREWS GEOFFREY G. Oberlin City Schools Oberlin City Schools $101,416.00 260
2009 ANDREWS GEOFFREY G. Oberlin City Schools Oberlin City Schools $110,950.00 260
2010 ANDREWS GEOFFREY G. Oberlin City Schools Oberlin City Schools $113,085.00 260
2011 ANDREWS GEOFFREY G. Oberlin City Schools Oberlin City SD $113,085.00 260
2009 ANDRZEJEWSKI JANINE M. Parma City Valley Forge High School $103,713.00 230
2010 ANDRZEJEWSKI JANINE M. Parma City Valley Forge High School $105,780.00 230
2011 ANDRZEJEWSKI JANINE M. Parma City Valley Forge High School $105,780.00 230
2007 ANGELLO MARTHA J. Sycamore Community City Sycamore Community City $107,734.00 260
2008 ANGELLO MARTHA J. Sycamore Community City Sycamore Community City $110,966.00 260
2009 ANGELLO MARTHA J. Sycamore Community City Sycamore Community City $110,966.00 260
2010 ANGELLO MARTHA J. Sycamore Community City Sycamore Community City $115,740.00 260
2011 ANGELLO MARTHA J. Sycamore Community City Sycamore Community City SD $117,740.00 260
2011 ANTEL SHIRLEY A. Amherst Exempted Village Amherst Ex Vill SD $108,397.00 260
2008 APOLITO ELIZABETH A. Montgomery Educ Serv Cntr Montgomery Educ Serv Cntr $103,646.00 200
2009 APOLITO ELIZABETH A. Montgomery Educ Serv Cntr Montgomery Educ Serv Cntr $100,339.00 180
2010 APOLITO ELIZABETH A. Montgomery Educ Serv Cntr Montgomery Educ Serv Cntr $102,446.00 229
2011 APOLITO ELIZABETH A. Montgomery Educ Serv Cntr Montgomery Educ Serv Cntr $103,572.00 229
2011 APPLEBAUM ROBERT J. Maple Heights City Maple Heights City SD $100,981.00 260
2011 ARBAUGH JAY G. Keystone Local Keystone Local SD $106,000.00 260
2009 ARCHER RUTH Cleveland Metropolitan Cleveland Metropolitan $100,785.50 260
2010 ARCHER RUTH Cleveland Metropolitan Cleveland Metropolitan $100,785.50 260
2011 AREND LOIS E Columbus City School District Columbus City Schools City SD $103,093.12 260
2010 Argalas Roger Northwest Local Northwest Local $107,482.00 251
2011 Argalas Roger Northwest Local Northwest Local SD $110,643.00 251
2011 ARGENTI KAREN M. Amherst Exempted Village Marion L Steele High School $108,603.00 184
2009 ARLEDGE JR ROBERT L. Greene Educ Serv Cntr Greene Educ Serv Cntr $103,179.00 260
2010 ARLEDGE JR ROBERT L. Greene Educ Serv Cntr Greene Educ Serv Cntr $103,179.00 260
2011 ARLEDGE JR ROBERT L. Greene Educ Serv Cntr Greene Educ Serv Cntr $106,274.00 260
2007 ARMOCIDA ANTHONY M. Yellow Springs Exempted Village Yellow Springs Exempted Village $109,496.00 248
2008 ARMOCIDA ANTHONY M. Yellow Springs Exempted Village Yellow Springs Exempted Village $109,496.00 248
2009 ARMOCIDA ANTHONY M. Yellow Springs Exempted Village Yellow Springs Exempted Village $109,496.00 248
2007 ARMSTRONG BRUCE W. Highland Local Highland Local $128,048.00 260
2008 ARMSTRONG BRUCE W. Highland Local Highland Local $128,048.00 260
2009 ARMSTRONG BRUCE W. Highland Local Highland Local $128,048.00 260
2011 Arnoff Gail Solon City Grace L Roxbury Elementary School $102,694.00 186
2011 ARNOLD MATTHEW D. Beavercreek City Ferguson Middle School $103,965.00 213
2007 ASHWORTH MARY ANNE Delaware City Delaware City $111,427.00 261
2007 ASHWORTH DENNIS D. West Clermont Local Glen Este High School $102,630.00 260
2008 ASHWORTH MARY ANNE Delaware City Delaware City $115,210.00 262
2008 ASHWORTH DENNIS D. West Clermont Local Glen Este High School $104,683.00 260
2009 ASHWORTH MARY ANNE Delaware City Delaware City $121,757.00 261
2009 ASHWORTH DENNIS D. West Clermont Local Glen Este High School $112,456.00 260
2010 ASHWORTH DENNIS D. West Clermont Local Glen Este High School $114,704.00 260
2010 ASHWORTH MARY ANNE Delaware City Delaware City $121,290.00 260
2011 ASHWORTH MARY ANNE Delaware City Delaware City SD $121,290.00 260
2008 ATCHLEY JAMES R. Ansonia Local Ansonia Local $100,060.00 254
2009 ATCHLEY JAMES R. Ansonia Local Ansonia Local $103,062.00 260
2010 ATCHLEY JAMES R. Ansonia Local Ansonia Local $103,062.00 260
2011 ATCHLEY JAMES R. Ansonia Local Ansonia Local SD $103,062.00 260
2008 ATKINSON CHERYL L. Lorain City Lorain City $175,000.00 260
2009 ATKINSON CHERYL L. Lorain City Lorain City $175,000.00 260
2010 ATKINSON CHERYL L. Lorain City Lorain City $210,058.00 260
2011 ATKINSON CHERYL Lorain City Lorain City SD $210,058.00 260
2007 AUBUCHON WILLIAM R. Parma City Parma City $102,457.00 230
2008 AUBUCHON WILLIAM R. Lorain County JVS JVSD Lorain County JVS JVSD $113,000.00 260
2008 AUBUCHON WILLIAM R. Parma City Parma City $102,457.00 230
2009 AUBUCHON WILLIAM R. Lorain County JVS JVSD Lorain County JVS JVSD $113,000.00 260
2010 AUBUCHON WILLIAM R. Lorain County JVS JVSD Lorain County JVS JVSD $113,000.00 260
2009 AUGINAS CHRISTINE M. Shaker Heights City Shaker Heights City $113,626.00 250
2010 AUGINAS CHRISTINE M. Shaker Heights City Shaker Heights City $113,626.00 250
2011 AUGINAS CHRISTINE M. Shaker Heights City Shaker Heights City SD $113,626.00 250
2007 AukermanCatherine Berea City Berea City $101,862.00 260
2008 AukermanCatherine Berea City Berea City $107,685.00 260
2009 Aukerman Catherine Highland Local Highland Local $120,000.00 260
2009 Aukerman Catherine Berea City Berea City $107,685.00 260
2010 AUKERMAN CATHERINE L. Highland Local Highland Local $122,100.00 260
2011 AUKERMAN CATHERINE L. Highland Local Highland Local SD $122,100.00 260
2007 AULT MARK C. Indian Hill Exempted Village Indian Hill Exempted Village $109,000.00 260
2008 AULT MARK C. Indian Hill Exempted Village Indian Hill Exempted Village $116,480.00 260
2009 AULT MARK C. Indian Hill Exempted Village Indian Hill Exempted Village $120,557.00 260
2010 AULT MARK C. Indian Hill Exempted Village Indian Hill Exempted Village $122,667.00 260
2011 AULT MARK C. Indian Hill Exempted Village Indian Hill Ex Vill SD $124,813.00 260
2010 AUSTIN SHENISHA D Cleveland Heights-University Heights City Frank L Wiley Middle School $118,000.00 190
2008 AXNER DAVID E. Dublin City Dublin City $170,000.00 260
2008 AXNER DAVID E. Chagrin Falls Exempted Village Chagrin Falls Exempted Village $135,990.00 260
2009 AXNER DAVID E. Dublin City Dublin City $175,100.00 260
2010 AXNER DAVID E. Dublin City Dublin City $180,353.00 260
2011 AXNER DAVID E. Dublin City Dublin City SD $182,157.00 259
2007 BABCANEC WAYNE Norwalk City Norwalk City $101,113.00 260
2008 BABCANEC WAYNE Norwalk City Norwalk City $105,195.00 260
2009 BABCANEC WAYNE Norwalk City Norwalk City $105,195.00 260
2010 BABCANEC WAYNE Norwalk City Norwalk City $108,877.00 260
2011 BABCANEC WAYNE Norwalk City Norwalk City SD $108,877.00 260
2010 BACHO ALAN A. Sylvania City Sylvania City $102,827.00 229
But But But what happened to letting people make as much as they possibly can and keeping every cent without even income taxes to worry about?
I see, it is OK when it is YOUR money but a total bitch kitty when it is other people.
I have a brother whom I have nothing to do with for personal reasons, he grew up in the same grinding poverty I did, real poverty, went to college in 1973 after high school, took a LOT of drugs and became a hippie, dropped out of school. I went back to college late and got a degree in Finance, by then he was burned out on planting trees in mountain country in all weather and smoking weed for minimum wage, he went back to school the following year for an accounting degree. I graduated 1996, he in 1997.
I faced my own set of issues after graduation, he went to work for the county auditor/controller. Thirteen years he did the best work and when the auditor/controller died or retired or whatever he was appointed or elected into that position, I am not sure which because I still think he is a flaming asshole and we do not speak, but California lists all elected officials salary ranges ( http://lgcr.sco.ca.gov/ ) and there is his name, $125,000 -167,000, and I assume he makes the low end of the range.
The job description you can skip over if you like but I post it for a reason, because the responsibility and liability is huge, and a lot of the time it is out of your control. Serves as chief accounting officer in the County; records the financial transactions of the County and other related agencies; audits and processes claims for payment; issues receipts for all monies received by the County; prepares financial reports; compiles the County budget; audits and issues payroll checks; maintains personnel earning and benefit records; accounts for property tax monies; oversees the divisions of Payroll, Accounting, Accounts Receivable, Audit and Cost Accounting and Property Tax.
He was 56 yesterday. $125,000 now for a CPA and elected auditor controller is just about equal to $12 grand a year when we were kids in the sixties. MIDDLE CLASS. It is anything but rich. People try to better themselves and a few like myself and my brother succeed in upward mobility from true poverty (you know true poverty when you have to go to school with nothing to eat in a couple days and wearing a blouse your sister outgrew last year, and you are a boy) to just middle class. The vast majority of people doing what we did find they did it for nothing, they can get no job no less a middle class or better job.
And you all who say take any job, if illegal Mexicans are willing to break the law and work under the table for less than minimum wages then you should be too, eat my feces and die, employers who hire such people do so because they are nameless and faceless, seen as subhuman, and I would have worked for them at points of desperation but they would not hire me because it is one thing to use illegal aliens as slaves, it is far worse to use Americans with an education for such work. They will not hire you. They go from a fine to a prison sentence if they do.
I had to take out a student loan in 1988 when I originally went back to college. Only $2,400, I also had $1,200 in California Board of Governors grant, $1,400 in Pell grant, a veteran disability of $62 per month, and old GI bill that paid $365 a month. Not enough, I had to work 20 hours a week in the hospital on top of that. I was still eating and living with mom. Our rent on the duplex we lived in was $850 a month. Cheapest place we could get.
All vets had a different office from the financial aid office, because of our GI Bill issues we all had one guy assigned just to take care of veterans. He went on vacation during semester break and while he was gone some fat cunt in the regular financial aid office took it upon herself to recalculate all the Pell Grants for veterans using their VA disability as income even though it was bold capitalized in black letters on the application form that VA disability was not to be counted. The result was when I went to collect my pay the next first of the month I was told I had been found to be $20 over the limit for Pell Grant and thus it was canceled.
When the vet rep came back from vacation he said don't worry about it I will fix it. Three days later I was told once a Pell Grant is voided it cannot be "fixed." I had to drop a class and take more hours at work to adjust for the loss of the Pell Grant. But when I did the VA and BOG Grant were also reduced by half forcing me to drop all classes and go to work full time just to eat. Now I owed the VA money for the payments in the semester I dropped out, with the intention of going back in the fall once the mess (that I had no part in creating) was cleared up.
No go. Once you have an overpayment from the VA you can't qualify for any federal financial aid, period till it is satisfied. I appealed but it took months and by the time they found in my favor the six months was up on the student loan, now I had to repay that before I could get any financial aid. Jesus fucking Key rist!
I lost my vehicle, I lost my job because it was 1984. I had no place to turn and was essentially homeless for years. No credit, part time jobs with no benefits, minimum wage or close to it jobs. Many of them. Moved every few months because I could not pay and nothing ever worked out the way it was supposed to. Broken promises, crooked employers that looked to take advantage of willing people. One employer was deducting SS and FICA but when I looked at my statement later they had no record I ever worked there, the boss was just pocketing the money they were supposed to pay into the government.
I finally gave up and asked the VA to reexamine my disability. They did and a couple years later they said OK we will up it to 40%. Why does it take years? But it qualified me to go back to college under Chapter 31 benefits for disabled vets. It was still only $800 a month plus tuition and books, with free medical care. I could not go back to school in 1993 on that, not in California, so I had a friend in New York that said I could live at his place free of charge if I wanted to go to school at UCON in Danbury. I agreed and went there, but the VA messed up the paperwork and my tuition was not paid. I had to go back to California and start over again.
I had to drive a car for a transport company because I could not afford to fly or take a train. I drove to Santa Cruz in less than 72 hours non stop. Most states were still 55 MPH speed limit then too. Talk about an intrusion into our daily lives.
They fixed the problem and I went to Columbus Ohio for their program in business at Ohio state. When I got there I was told that the annual $20,000 tuition was only for Ohio residents, my tuition would be $40,000. The VA would not pay it. But, they said that there was a private business university in town called Franklin University that they would pay for. I took it. I still had to work full time plus, and go to school in the evenings for almost four years, because we all know you can't get a four year degree in four years these days.
Fuck fuck fuck fuck fuck! It never ends for people born to parents that are not wealthy. All the promises made by America are broken unless you are rich to start with. At one point my debit card to access my VA money did not work. It had expired. The money was in my account but I could not access it. There were no BAC branches in Ohio, and they would not even talk to me on the phone. They did say they would send a new ATM card in the mail. Two days later my mother called an said she got a letter from Bank of America. They sent my card to her address. I had not eaten in three days by then. I had my mother send it via overnight mail so I could get something to eat. Two days later no card. I called the post office and bitched them out royally and all they could say was if I wanted to file a complaint or track overnight mail I could come into their main office. Total bottom. I had not eaten in five days. At that point I was actually and really ready to die killing fat pigs rather than one more night without eating. When my card would not work all I had in the house was the sugar in the a little sugar bowl. I searched the place for fallen tidbits, found a small bag of wallpaper paste powder. Ate some of it before I read that it had insecticide in it to kill silverfish. I was hallucinating when someone knocked on the door and said she was from the post office. A black woman with like a three foot tall hair tower and six inch nails in a smoking beat up old Camaro aks me if I am Mark. I said yes, and was so embarrassed because I think I had a big diarea stain, I was so horrified. She had the mail from mother, mom had spelled the street name wrong, instead of Elesmere Street she had printed Elsmere Street. For that dropped letter I had to deal with bureaucracy that can only be deemed evil, and I ended up going 6 days with no food.
Trust me when I say that is only a small taste of the abuse our society has given me. No wonder people give up and go criminal. And I am supposed to lick the boots of the wealthy because the GOP says that your human worth is equal to your net cash worth?
Call me a terrorist, call me a commy, call me anything you want to call me but I am an honest, loving, educated man who happens to be gay. A citizen first, a man second, yet I am full to overflowing with the shit the rich and their boot licking GOP have given us. DONE! Wall Street resists with violence now. Get ready for more.
Done indeed, come and get me assholes. The flat tax elites and dynastic wealth have to live in order to enjoy all they stole from the rest of us. I intend to give back what I got, it ight be short lived, but I assure you I will take out a lot more butt sucking assholes from the right before you get me.
AH, are you familiar with the terms 'Proportion', or 'Link'?
Depends what a country wants to spend its money on. America decided to spend all the money on great new ways to kill goat herders on the other side of the world. Educating its citizens? not so much...
America has no choice.
They squandered the generations of wealth gambling it away on wall st. Since 1980, America took the position of colonizing oil rich countries to support the gambling habits. WAR-OIL-FED is all part of the Petro dollar system.
Everything else takes a backseat.
Exactly AH once all the money is gone turn on each other and forget where the cash went. B. A. N. K. S
Could Wal Mart start a college. it sounds funny however with the success they have had with their business they could do something like this. Also there could be an alternate to college which essentialy gets people some basic skills they need.
Education for the 21st century is also something that should be addressed at the high school level. I am under the impression that in the 30's and 40's someone with a high school education was very highly educated up to the current level of an associates degree. What has happened in the last 50 years?
This is an easy one- blacks happened.
They started schooling them after Brown alongside whites and discovered that nature had played a cruel trick in its apportionment of IQ.
Black graduation rates were atrocious (and still are), so the curriculum continues to be dumbed down so that they can pass at palatable rates. It's really as simple as trying to pretend that everyone is equal when everyone isn't.
Nobody should ever expect competency to return until diversity goals are abandoned. Walmart will be no more successful at educating people with IQs of 85 than anyone else has been.
"Walmart will be no more successful at educating people with IQs of 85 than anyone else has been."
Why is it always about Obama?
Acacia, thanks for your service. Now, about Wal-Mart - they are a huge part of the problem. They have destroyed more jobs in America than I would have to guess any other company.
1) They lure Americans into buying cheap crap from China.
2) They squeeze the vendors for lower-cost goods, keeping those vendors profits down.
3) Jobs are shifted overseas through wage and tax arbitrage.
4) People take lower-paying jobs, and now need to shop at Wal-Mart to survive.
5) Their competitive advantage bankrupts smaller stores, forcing out more jobs.
6) Rinse and Repeat.
Were it not for wage arbitration and our ridiculous tax policies, Wal-Mart would compete fairly and we wouldn't have the behemoth we have now. I applaud Wal-Mart for its model and how it got where it got, but for the last 15 or so years, its effect on our economy is now irreversible and wholly negative.
Who cares about a $30 DVD player if the only job you can get is at Wal-Mart?
Not just Wal-Mart. Globalisation has been very kind to all US Corporations but not so kind on the masses. Manufacturing has been sytematically shifted to the lowest cost locations, whilst Transfer pricing has systematically shifted profits to offshore tax havens such that most US Corporations pay little, if any, taxes. They also wholly own Congress, which therefore does nothing to change the totally corrupt system.
This is, or should be, at the heart of the Occupy Wall Street (And DC) movement. Unless the system changes, the future is bleak for the citizens of The United Corporatocracy of America.
If this website had the capacity, I would have clicked the up/green arrow of both you and Don Smith a couple hundred times.
The only additional point to Don Smith's last sentence is "Who cares about a $30 DVD player if the only job you can get is at Wal-Mart?" - yeah, the PART TIME, MINIMUM WAGE JOB that we'll all be fighting over when social security won't pay for a weekly can of dog food.
Thank you for the enlightenment. I didn't have a high opinion of Wal Mart any ways. Much of the decline in wages in the last 20 has basically been hidden by cheap Chinese crap. I am only throwing Wal Mart out there as a potential taker of College Education providers, because right now we have it institutionalized and the college can do what they want qua student loans.
just take it out of their social security checks and it helps keep that ponzi going forward
Ironically, you get an education after you get your BS. Start a business. You'll get educated real fast as to how the world works. I'm embarrassed at how clueless I was even while in graduate school.
Buy gold. By silver. Your future is not the life your grandparents experienced.
Buy guns...
Buy ammo...
Learn to care for and shoot your guns and make your own reloads...
Stock up on booze - lots and lots of booze...
...and pills... and medical supplies of all sorts...
(*SHRUG*)
All the gold and silver you can hoard ain't worth squat if you can't defend it - and yourself - even as you retain "insurance" in the form of tangible trading goods.
I know... I know... perhaps the Mad Max scenario is a bit extreme... but then again... so does the idea of hoarding gold and silver.
And if you plan to stay (in you neighborhood versus buggin out), make friends with your neighbors, educate them on prepping (build a team - easier to fight off zombies with a team - and if all your neighbors are prepped and stocked, you won't have to carry them thru months of only your stocked garage). It's gonna take a team to protect any neighborhood or castle.
I credit Charles Hugh Smith of www.oftwominds.com with this idea, from his Survival+ book.
My education took place in the military and the schools I attended there and the field work I did. It shocked me when I would come back to my hometown and chat with the kids who had gone to college instead. I was out there learning about radios and Law enforcement and they were taking remedial english. In the mean while I have gone back to college and recieved my bachelors, much of my military experience came in handy.
My education took place in the military and the schools I attended there and the field work I did. It shocked me when I would come back to my hometown and chat with the kids who had gone to college instead. I was out there learning about radios and Law enforcement and they were taking remedial english. In the mean while I have gone back to college and recieved my bachelors, much of my military experience came in handy.
"The ultimate but innocent and well-meaning enabler: the setup of government guaranteed student loans."
Are you referring to the government as innocent and well-meaning in this sentence?
We're from the government and we're here to help you....
American ideal (used to be):
You pay for yourself, and I pay for myself. If you can't afford it, you can't buy it; and me neither. If I drive my cab twice as many hours as you do, then I should make twice the money. If I make money thenit is my money. I don't owe you anything, and you don't owe me anything. If you watch TV all day, that's your wife's problem.
Central planning fails in everything it touches.
Yeah, unlike insurance companies and the health care system. That is working great.
Realize that the reason schools are expensive is because of the banks lending money to own students for life.
Take banks out of the picture and schools will have to function within a budget. Unlike the federal gov't, states can't print money.
When Joe from the ghetto can't get a $100,000 loan from sallie mae, all bets are off on tuition increases.
This is exactly what Milton Freidman wanted, indentured-servant students. Look it up.
The REAL problem at base is a debt problem just exactly as it was in the 1920's. I keep saying, and people keep ignoring me, when you live in an economy with a debt based fiat currency - which does not have to be a bad thing if properly controlled - anybody who borrows/lends is in essence creating more debt based money, that is counterfeiting. When there were strict standards and accounting rules and enforcement long ago this was fine, the money supply was exactly adequate most of the time to deal with transfers to service debt, but we have had a 40 year run up in borrowing and lending, mostly in the top elite 1%, without a concominent run up in cash money supply to service this debt, the result is borrowing to pay bills on all levels.
The day you borrow a dime to pay a debt you are toast. And that is as true for government as it is for me. The same laws that prevented this long ago are still mostly on the books because it is fraud, but they are no longer enforced because business has bribed government - also illegal - up the money supply, send every American adult a packet of cash, say $100,000, and then enforce the laws that are on the books and guess what? The fallout will be far less than you think and a whole lot better than poverty and class warfare and blood and death, the road we are on leads to the end of America.