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February 29, 2008

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Bob Goldschmidt

In analyzing the US economy, I have determined that we have several self-defeating feedback loops. An education example that I have identified relates to Medicaid. The states are responsible for half their medicaid expenses. Since this has been growing exponentially, the states are struggling to locate additional sources of funds. One place they have found is to raise in-state tuition -- the milk of the middle class. As this is raised, it is financially blocking more and more students from attending college. This in turn greatly increases the chances that they will need medicaid during their careers.

Just to give you an idea of how much in-state tuition has increased -- in 1970 it took about two weeks of median wage (male worker over 15) for one year of in-state tuition. In 2007, it took over three months of median wage.

To learn more, please contact me.

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