Like nearly all Americans, President Joe Biden believes that a college degree is the ticket to both individual economic advancement and uplifting the poor. To put his money where his mouth is, he has proposed $256 billion in government funding to cover two years of public community college plus cash for living expenses. In an instant, an improved workforce and less economic inequality. What could go wrong?
A lot of the economic data that came out last week looked pretty good. GDP growth came in big in the first quarter. Personal income rose by a record amount in March. The mainstream spun it all as positive, raving as if the economy is earning an ‘A.’
