Stimulus Could Provide Boost for Higher Education. [Jeannie Kever, Chron.com]:
Higher education executives still may be trying to determine what the federal stimulus package will mean for their schools. But students like Ulises Frias have a pretty good idea.
“It helps me stay in school,” said Frias, a senior at the University of Houston-Downtown who pieced together a work-study job and a grant to help cover tuition.
Details about how the $787 billion stimulus package will help colleges and universities — and even how much they might receive — haven’t been worked out.
But a $30 billion increase in financial aid will begin with grants made this summer. Campus researchers also expect to receive a share of the $17 billion in federal research money included in the bill.
The new financial aid money means more students will receive Pell Grants and jobs through campus work-study programs. The maximum Pell Grant, generally reserved for students from families earning less than $30,000 a year, will increase, too.
The extra money will help pay for textbooks and other supplies, said Maria Hernandez, a UH-Downtown sophomore who says she couldn’t go to college without her Pell Grant and other financial aid.
“The textbooks are going up now,” she said. “They’re so expensive.”
Someone at the Chron has a bee in their bonnet about the Federal Stimulus, this is either the fourth or fifth article in the last couple of weeks about the 'benefits' that the stimulus could bring to Texas. What's notably lacking from any of these stories is a dissenting voice.
From AP pieces to
stories with a local angle to
State issues the editorial line of the Chronicle seems to be that if the Stimulus funds are not accepted, then all is certainly lost.
Yup, the Chron has even gone so far as to remind readers that
it's for the children dammit. Don't let those poor children go without food, heaters in the winter, A/C in the summer, good text-books and laptop computers. How can some people be so cold-hearted?
The stimulus item causing State budget-writers the most heartburn is the
planned boost in unemployment funds. So far its unclear, and underreported, what additional long-term expenditures the State will have to commit to in order to receive additional Federal funding in the short-term. Of course, concerns for the long-term financial health of the State are being
derided as "short-sighted" by
local politicians who are pleading with Texans to accept the 'stimulas' regardless of the long-term ramifacations.
Given the state of the stimulus debate I'm not sure State elected officials are going to have any option but to accept the funds and hope that the changing rules don't come back to bite them in the ass 5-10 years from now. Obama promised "Hope" and "Change" in his campaigning, I'm not sure States had this in mind.
A second issue is the way Federal Funding is explained in the media. Too often Federal dollars are portrayed as 'free cash' flooding into the coffers of States by well-meaning journalists who don't have a firm grasp on how Government taxation/finance works. This is not 'free-candy' to be gobbled up without a second thought, at least
10% of Federal revenue comes from Texas sources. Unless Texas is getting a payout of greater than 10% of the total cost of the Bill, the net result is a
loss for Texas taxpayers...eventually.
There will come a time that all of these Federally backed IOU's come due. It will probably be sometime on the watch of our children or children's children but the bond-holders will line up and demand payment. Whoever is in charge of America then will have the unenviable task of generating the funds to pay the bonds, or opting to default.
Neither option sounds very good to me.
Unfortunately there's no urgency within the stimulus debate to ask the correct questions of our Government. And no, for those of you who get all aflutter about such things, I'm not making a 'bias' claim as much as I am an ignorance claim. The ability to attempt to forecast policy ramifications 30 years down the line is outside of the scope of common society. In short, its just not done. In part because almost no-one has the patience to do it, and also because most Americans really don't care much beyond what's happening today.
High-minded rhetoric to the contrary, the 'free' media is nothing more than another profit-center on the financial statements of rather large, multi-national corporations. There's little profit to be made in long-range financial forecasting. Many readers have a tendency to tune out during editorials and news stories dealing with these subjects. People like to hear what's in it for them, not what its going to cost. Newspapers know this and run articles that focus primarily on the
benefits of the legislation but fail to count the cost, especially any long-term costs that won't be readily observable.
When things
really come full circle is when a media organization runs and 'expose' report on budget short-falls or Government failures on programs that they initially provided to offer full analysis on. Those types of reports are typically full of cliches such as "connect the dots" or "lacking oversight" which (ironically) are many of the same failures of the original reporting.
In 30 years will Americans be bemoaning the 'lack of foresight' of the current generation?
More importantly, will the media then (in whatever form) learn anything from the critical analysis errors being made by the media today?
I think the answer to that question will provide a better insight into the condition of the Country 30 years from now than just about any other.