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Intro: "We've been hearing a lot about the war on women, which is real enough. But there's also a war on the young, which is just as real even if it's better disguised. And it's doing immense harm, not just to the young, but to the nation's future."

Portrait, New York Times columnist Paul Krugman, 06/15/09. (photo: Fred R. Conrad/NYT)
Portrait, New York Times columnist Paul Krugman, 06/15/09. (photo: Fred R. Conrad/NYT)


Wasting Our Minds

By Paul Krugman, The New York Times

30 April 12

 

In Spain, the unemployment rate among workers under 25 is more than 50 percent. In Ireland almost a third of the young are unemployed. Here in America, youth unemployment is "only" 16.5 percent, which is still terrible - but things could be worse.

And sure enough, many politicians are doing all they can to guarantee that things will, in fact, get worse. We've been hearing a lot about the war on women, which is real enough. But there's also a war on the young, which is just as real even if it's better disguised. And it's doing immense harm, not just to the young, but to the nation's future.

Let's start with some advice Mitt Romney gave to college students during an appearance last week. After denouncing President Obama's "divisiveness," the candidate told his audience, "Take a shot, go for it, take a risk, get the education, borrow money if you have to from your parents, start a business."

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+34 # jlohman 2012-04-30 07:32
When is Krugman going to get it? This whole "economics" thingy is a little fire, in place only to divert us from the core problem: political corruption. We can play around with this forever, but until we get campaign bribes out of the system our rotten politicians will keep nibbling away at our wealth, all to pass it to those Fat Cats that fund their elections.
 
 
+52 # Todd Williams 2012-04-30 08:23
I think Paul "gets it." He just doesn't write about it in every essay.
 
 
+1 # jlohman 2012-04-30 08:34
Well, that's too bad then. Political corruption affects 100% of the issues that he writes about, and to talk "around" it sends readers in a wrong direction. But as well, MSM is part of the problem. A large chunk of the political bribes filter down to political ads in newspapers and TVs. Money works, as does bribery.
 
 
+15 # noitall 2012-04-30 10:10
So kill the messenger. We all know that political corruption of the 99.9% of politicians effects 100% of the issues. This article focuses on the war against the youth. Do you think the youth get it? Do you think this article might get them thinking about it and maybe acting with OWS or other positive activity? Maybe if they read it. You read it. Pass it on. If you've read more of Krugman's articles you'd know that your comment of whether he "gets it" or not reads a bit shallow. We ALL get it. Now we either wait for the Supreme Court to make a decision that deals with it (falls under the fat chance catagory) or we support and participate the only option the people have now, get out in the street, educate, spread the word, be a pain in the ass to our "I'm not interested in politics I'm only interested in the environment" friends.
 
 
+11 # readerz 2012-04-30 08:52
The New York Times makes people read the rest of an article on their site. The problem is a many-headed monster, but economics is one symptom.
 
 
+9 # John Locke 2012-04-30 10:26
jlohman: Maybe you or someone here can tell me why Obama appointed a CIA hit man to the board of the Federal Reserve?

Frank Carlucci is also on the board of directors of CBS. in 2009 Obama appointed him to the FED board...He was the point man in the assassination of Patrice Lumumba, the first democratically elected prime minister of the Congo.
 
 
-14 # jlohman 2012-04-30 12:00
Don't know, John. Obama is an idiot and I didn't vote for him. Maybe Carlucci offered the best choice for manipulation.

Jack
 
 
-4 # JCM 2012-05-01 00:20
Can't believe everything you read. Frank Carlucci works for Romney and criticized Obama about Ben Laden,
The Romney campaign released a statement from defense policy advisers Frank Carlucci and John Lehman. It said in part, “We are saddened to see the President of the United States politicize that event even reducing it to a campaign slogan. This is unbecoming of the Commander-in-Ch ief and it diminishes the credit that should rightfully go to our men and women fighting in the field.”
 
 
+3 # tbcrawford 2012-05-01 07:56
What in the world do these self-serving screeds have to do with the tragedy of what has been happening to education since the 1970s...and we're now seeing the tragic price of young people in debt and worse, millions not "educated" to think for themselves. (e.g., debate on Carlucci...just do some research and form you own opinion!) Rhetoric is boring. And if anyone speaks to varied and original truth, it's Paul Krugman.
 
 
+2 # JCM 2012-05-01 14:58
I think it's important for people to know if the facts represented are true. Too often people will give "facts" to bolster an agenda. It is misleading and can affect people’s decisions the wrong way.
I did some checking on the rise in education costs and there were some modest increases in the 70’s but the bigger increases started later in the 80’s. This was, basically, Reagan’s decade of small government, less regulation and less tax for the rich. This ideology continued for years, except for Clinton and Obama but they both had Republican Congresses after, I think, the first two years, and we are still driven by this. Was this the start of teaching primarily to make money? Did federal and state aid decrease so that tuitions had to go up? Yearly salaries to top admin in universities and colleges have gone up in the last few years. Or are we as a nation more willing to give tax breaks for the very wealthiest instead of educating our children?
 
 
+2 # JCM 2012-05-01 05:28
Frank Carlucci works as an advisor for Romney. He was not appointed by Obama for anything. I have caught Locke lying or exaggerating about a number of issues. He is in some sense much like the corruption we all dislike, the ability to lie and distort to meet their own agenda.
 
 
+10 # Sweet Pea 2012-04-30 11:42
When are we going to understand that we will never have a good economy in this country as long as we import all of our products. Unless you are in a service industry you're not going to make it. Right now much of the country is living off of the retirement from when we "did" have jobs. What's going to happen when all of the people living on retirement and Social Security die off? Will we never wake up?
 
 
+10 # Sweet Pea 2012-04-30 11:52
Right on! If you read "Pity the Billionaire it becomes evident that the fat cats rule our lives. It is very evident that the problem is not the common people. The wealthy send their money to invest in other countries. They avoid taxes with creative accounting, and try to blame the current financial situation on governmenal regulations. It's about time that the wealthy share with the rest of our citizens.
 
 
-2 # RLF 2012-05-01 02:57
Other countries send their money here...Times this weekend...Apple is mostly foreign owned as just one example. Those corrupt dictators and tyrants need investments Too, poor babies.
 
 
+2 # LonnyEachus 2012-05-02 08:28
Quoting RLF:
...Apple is mostly foreign owned as just one example.


Absolute garbage. Aside from Steve Jobs' own shares (which were obviously American) and other Apple insiders (also American), Apple is owned -- according to NASDAQ, you can look it up yourself -- primarily by American investment firms.
 
 
+4 # Jerry 2012-04-30 12:05
The more examples of the corruption is ilucidated and broadcast, the more the pressure to change will build.
 
 
+38 # paulrevere 2012-04-30 07:52
To consider that the leadership at the federal level has allowed the undermining of eduction in the United States of America, by far the preeminent contributor to world wide technology and general entrepreneurial endeavors, is very heart rending and for lack of a more inflammatory expletive deleted description, just plain traitorous.

I'd submit that it has been a four decades deliberate move to wreck a thinking people...and through 'dumb down', retain and exploit same.
 
 
+20 # reiverpacific 2012-04-30 08:33
Not just women and the young but small business and ESPECIALLY the elderly, those still fit and capable of working with a lifetime of experience -sorry pal, you're out of luck!
I heard from a recently laid-off "elderly" (55 years old) friend who was an assistant personnel manager -sorry "Human Resources" manager, that if a resumé is honest enough to show that the person has been out of work for more than a year, so common in these times, then that resume goes straight into the shredder, unread!
And this is right across the professions and trades.
Funny, the training fields that are open seem to be in Medical Billings and Administration (a.k.a. training in how to find ways out of paying for care), Biotechnology (manipulation of bio-chemistry for advancement of commercial resource domination and the like.
And whose hands does that play into pray-tell?
So we're ALL in the shit together unless we take back the big-Business owned big Government elitist collectives and collaborators in the public demise and enslavement milieu.
We'll have to get back to regional cooperatives, as some of us where I live are trying to do.
 
 
-1 # mdhome 2012-04-30 17:36
H-R people are sooo stupid.
 
 
+27 # Buddha 2012-04-30 08:34
The children of the Oligarchs who really run our country don't have problems "affording" education, nor do they struggle finding employment, they have all the right connections and family name/wealth needed. So, of course, no need to re-subsidize public higher education to make it cheap, better to direct their bought-and-paid -for politicians to give them MORE tax cuts instead of reinvesting in the nations that allowed them to grow their wealth in the first place. Our Oligarchs today aren't "job creators", they are more like vampires, sucking all the wealth from our nation and as we are down to the last few drops left, we can see them in the process of dropping our exanguinated corpse. Their multinational corporations have already moved on, and employ (and earn revenues) more overseas than they do here.
 
 
+1 # RLF 2012-05-01 03:01
The spoiled children that demand incredible gyms and party centers are helping to create an educational system that is unaffordable. They should make it that no one gets loans for a school that charges over a certain amount, and then we will see the rage of campus building and waste stop.
 
 
-3 # dickmail 2012-04-30 08:37
When "we the people" once again control our monetary and fiscal policy our economy will be responsible to us insstead of the Rothschild consortium and Zionists. The economy needs to be operated for our needs and not the Rothschild's and wars must be our wars and not the Zionist wars. Only when that happens will our beloved USA be returned to a human rights scenario and our economy operated for us.
 
 
+7 # readerz 2012-04-30 08:57
If you are against any nationalism, you must be against all nationalism. It was nationalism that started World War II.
 
 
+12 # MidwestTom 2012-04-30 08:44
Both parties refuse to touch ,military spending. Unfortunately we probably have to keep our military expenses high to support our dollar, because there is nothing else that supports it, and if it collapses we will really see hard times. That leaves health care and education as the two remaining budget monsters, with interest cost continuously rising. We may be approaching a time when we must choose between the two. We are paying the price for 40 years of growing debt, and a ruling class that gains more and more wealth and power as they force us to pay for what we voted for.
 
 
+15 # readerz 2012-04-30 09:00
We can't get rid of all jobs and expect to have an economy, but maybe put the military to work in rebuilding infrastructure, schools, and teaching. Just sending millions of dollars of bombs, and rebuilding those we have bombed, but not rebuilding America, is no plan at all.
 
 
0 # RLF 2012-05-01 03:03
How about we fire everyone in the military and then hire private companies or have government fix things. The military is destructive of our democracy (whats left of it).
 
 
+4 # jlohman 2012-04-30 09:13
Tom, our politicians have found a formula that works... campaign bribes. The lobbyists job is to justify "why" congress should vote for wars, and their story works. Defense spending translates to political bribes, thus it is high on the list. But so is the drug war and the banker war and whatever. Live with it, or fix it with a 100% turnover in November.

(Remember the tobacco wars? Mitch McConnell turned to the tobacco lobbyists to create reasons why he had to vote against tobacco taxes. They did, and he did. Aren't corrupt politicians great?)
 
 
+11 # Observer 47 2012-04-30 09:35
"...pay for what we voted for."????

I don't know about you, Tom, but I didn't vote for war. I support only anti-war candidates. I didn't vote for bank bailouts, oil company subsidies, corporate tax breaks, or any of the other gravy trains that are bankrupting our country. Don't tell me I'm paying the price for my votes! I'm paying the price DESPITE my votes!
 
 
+4 # oldman68 2012-04-30 09:00
Look at how many college graduates have outstanding student loans and are either under employed or unemployed today. Many are not cut out for college but that doesn't mean they can't get the skills needed for a good career in some of our excellent Tech Schools and other programs being offered.
 
 
+9 # 1984 2012-04-30 09:09
The problem goes deeper than just getting an college education. Ever since Bush changed education goals to just passing tests, there is no longer education about thinking for oneself, analyzing, creativity, how to read a statement and analyze whether it is hogwash, untrue, spinning etc. This is the dumbing down of America and it is working hence still almost 50% of the
voting citizens (which itself is shamefully a low %) vote republican...ev en Joe the Plumber! Bush changed education from the get go to just memorization. No child left behind (ha) must be repealed.
 
 
+2 # RLF 2012-05-01 03:06
Can't pay your student loans with creativity. The Republicans have done their level best to get rid of the arts of all types because it opens people's minds and we wouldn't want that.
 
 
+12 # Charles3000 2012-04-30 09:26
We are in a classic "liquidation" phase, a time that delights the wealthy people with money stored away. With minimal funds in the hands of the majority of citizens they are forced to sell their assets, property and yes, most of all, their labor at ever lower prices. It is a great time for the wealthy few, a once in a lifetime opportunity to expand their holdings at lowered costs and hire labor a lower wages. And republicans, supporting the wealthy few, are fighting to maintain this liquidation phase as long as they can.
 
 
+15 # Bodiotoo 2012-04-30 09:27
I just do not get it. Student Loans are an investment in the future of our nation. Low interest notes should be available...2 percent is more profit than we get from the bank bailouts...
Interest free while in school. Ten years to pay back starting one year after graduation, penalty occurs after the 11th year and rates go up..to 10% annually (encouraging the payback)...limi t the notes to those in need...I doubt Romneys kids with thier 10Million trust need college loans.
Personally, after working in a factory for 10 years, and upon returning to school... I am thankful for the Federal college loans @4-5% , worked up to three jobs at a time during college, took 18-20 units per semester during the first two years, always 15-16 units when I got to my junior year and still worked 24 hours a week...would I work a factory job again? NEVER. Self employ, find your nitch...carry your own water when you can, but society needs to offer the helping hand.
 
 
+3 # James38 2012-04-30 09:46
nitch? niche. Pretty good comment otherwise, but "Three jobs at a time"? How about just the hours per week? If you were working more than 40 hours a week plus going to all those classes you should be in the Olympics.
 
 
+1 # jimyoung 2012-05-01 01:20
Some few do, they amaze and inspire me. I'm as proud of the student who lived in an abandoned house (no heat, electricity or water) who finished our two year program and is now a certified A&P mechanic with a good job, as I am of those who achieved the highest academic awards.
 
 
+7 # bugbuster 2012-04-30 10:45
If someone told me that there are people in this country who want an uneducated population because it is easier to control, I would not argue the point. I think that the Mitt Romneys of the world know in their heart of hearts that this is in fact happening, and they are content to let it.

That's why the right lets it go on. They prattle on about fiscal responsibility and such, yet no amount of spending on military goods and services is ever too much for them.
 
 
+2 # John Steinsvold 2012-04-30 09:56
An Alternative to Capitalism (if the people knew about it, they would demand it)

Several decades ago, Margaret Thatcher claimed: "There is no alternative".
She was referring to capitalism. Today, this negative attitude still persists.

I would like to offer an alternative to capitalism for the American people to consider. Please click on the following link. It will take you to an essay titled: "Home of the Brave?" which was published by the Athenaeum Library of Philosophy:

http://evans-experientialism.freewebspace.com/steinsvold.htm

John Steinsvold

“Insanity is doing the same thing over and over and expecting a different result."~ Albert Einstein
 
 
0 # LonnyEachus 2012-05-02 08:36
That logic is great except for the fact that Capitalism is not, and never has been, the problem.

It is very easy to show that the more we have DEVIATED from Capitalism (e.g., Federal Reserve, interventionist government monetary policies, etc.) the worse our economy has gotten. And the government promises to fix it all by giving us more of the same.

No, history makes this very clear: capitalism is and was BY FAR the best economic system for a free society. It is not perfect, by any means, but it is better than any other alternative that has been tried, in the entirety of human history.
 
 
+4 # James38 2012-04-30 09:59
Hard to figure out which is worse, trying to recover from "The Bush War Of Lies" in Iraq, the tax cuts for the wealthy, or the crazed cuts in education budgets, but I think the education cuts get the prize for total stupidity. The Bush War was evil and greed, the tax cuts were just greed, but the education cuts are pandering to utter brainless stupid.

Cutting Education budgets is nothing more than a recipe for destroying the future of the country.

Wake up, US Citizens. The Republicans have gone off the rails and are lost out in the sagebrush somewhere. (presumably in Arizona)

We need to re-elect Obama, and give him a Congress he can work with. Get out the vote and elect sane Representatives and Senators.
 
 
-2 # John Locke 2012-04-30 12:46
James38: I have your answer...The Obama war of lies...because we believed he was a democrat and for the 99%...He continued all of Bush's programs, including the tax cuts for his backers!

Yes we need to give him 4 more years to finish what he started...takin g away the remainder of our rights!
 
 
-2 # bugbuster 2012-04-30 13:56
and so vote GOP or cast some meaningless vote for some wannabe, which is the same thing, right?
 
 
0 # John Locke 2012-04-30 18:26
I will, thank you, the last person I will vote for is Obama
 
 
0 # JCM 2012-05-01 00:23
If you don't vote for Obama and every Democrat you can you will get; the Paul Ryan budget plan, reducing the Pell Grant, deeper cuts in Social Security, deeper cuts in Medicare, cuts in the Department of Education, reduced regulation for the protection of the environment, reduced taxes for the very wealthy, reduced budget for clean energy, reduced regulation on the financial and petroleum industries and maybe all out war. Obama believes in a budget that would help restore the middle class, increased the Pell Grant, and believes in a budget with shared sacrificed. Believes in the environment, in education, in regulations for the protection of the working class and has tried to pass legislation to provide for that but “working” with the Republicans has made it impossible. This list can go on a long time and Obama is no neo-con for more war. There is no third choice for this election. If they try to tell you differently they are working for the Republicans. If you consider yourself a Progressive and have been paying attention to the Republicans record then anything you hate Obama for will pale in comparison to what the Republicans will do to your rights and our country.
 
 
-2 # Capn Canard 2012-05-01 07:52
Locke,
Yes we need to give him 4 more years to finish what he started...takin g away the remainder of our rights!
more years to finish what he started...takin g away the remainder of our rights!"

that was in process before Obama got in office. Our system is at fault and it needs to be replaced... all this talk is just more pissing into the wind.
 
 
+2 # cordleycoit 2012-04-30 10:11
Isn't wonderful all the useless verbiage from Rethugs and some Libertarians. They saydo it go for glory because their banker daddies get rich win lose or draw on the education rip-off. "Start a Hedge Fund burger flippers. Hey, you nannies start a rich, White Woman's bank." What about changing the world by occupying, changing the face of economics. Think Robin Hood.
 
 
+3 # bugbuster 2012-04-30 10:28
Romney's remarks strike me as taunts.
 
 
+1 # MindDoc 2012-04-30 11:15
What might we expect from someone who, as Ann Richards might say, was born with a silver foot in his mouth... I... I... I...

I've seen no indication of any capacity here, apparently, for 'empathy', insight, or connection with anyone who can't access the Parent Bank or the local community college, or the Temple of Venture Capital and off-shore money parking. Sorry. I just can't see this leopard (on the roof of our collective car?) changing his spots, Etch-a-Sketch notwithstanding .

Still waiting to hear one iota of "plan" beyond allegedly saving us from ruination under Obama - you know, that Socialist, populist puppet of the 99% (from whom he gets strident support from maybe 20/30 % of his own? )

What you see is what you get.... Not saying Obama has anywhere near delivered what he set out as an agenda, but arguably he tried and "believed" in American process and justice.

Romney did what, for America? (Spare me: jobs and tax revenue?! Those were 'fixed' under the Romney/Ryan strategy!) Danger...
 
 
+3 # sapereaudeprime 2012-04-30 11:48
The money America saves by making higher education less accessible will not help us when foreign competitors attract our brightest youngsters into European and Asian universities by offering comparable educational opportunities at much lower prices. If these Romneycans have their way, America will become a nursery supplying menial laborers to those countries we now mock as "socialist." We will be to Europe as Mexico has been to us.
 
 
+5 # paulrevere 2012-04-30 12:30
The idea of free market capitalism is embarrassingly discordant with the true reality of human nature.

Their basic idea is that 'products once made will adjust to a market clearing price'.

Why is that naive you may ask? Markets clear prices only once, and that is upon introduction, because from that point forward the forces of greed and power sift through and buy up all the competition, form monopolies and then price fix. Thus the call for anti-trust by those with common sense and a call for deregulation by the 1%.

All this is to say that education became obvious to the controllers in the 60's call to reality and the establishment went into action via raygun's example in gutting the finest FREE education system of the century.

My above economic point at the common sense of greed's influence is to say, that if education were truly emphasized, historical content would be a foundation of the electorate's thinking processes.

Presently...it ain't!
 
 
-1 # LonnyEachus 2012-05-02 08:46
You argue against yourself:

Quoting paulrevere:
Markets clear prices only once, and that is upon introduction, because from that point forward the forces of greed and power sift through and buy up all the competition, form monopolies and then price fix.

Thus the call for anti-trust by those with common sense...


This is an argument against corruption, not against capitalism. Your own argument shows that capitalism -- when government is NOT corrupt -- does indeed work.

Even Adam Smith (read his "Wealth of Nations") recognized in the beginning that a robust body of anti-trust laws would be necessary. That is essential for capitalism to flourish.

Remove the corruption, and markets work. They have worked, just fine, for the majority of the history of this country. The failures have come harder and faster, the more the government has "intervened" in our economy. To the point that now, the government controls most of it, and it is no wonder that it has been in a downward spiral.

That has NOTHING to do with "capitalism". On the contrary: it is a matter of government corruption and ineptitude. Stop confusing the two.
 
 
0 # robbeygay 2012-04-30 15:30
Paul make something of Spain youth unemployment 50% yto adults 25% Usa just 16% youth unemployed better, but same adult unemployment 8% yes both same double the youth to adult ratio.

Is it simply Yankee bravado we are better than them? Even both have double the youth unemployment? I think there are simply less lowskilled jobs and adults work better so they take precedence in the employability scales.
 
 
-5 # Livemike 2012-04-30 15:35
An article on education and economics that doesn't mention that government subsidies pushed the cost up to the current high levels, reading that really is wasting your mind. So is writing it, Krugman. Of course he gets Ireland exactly backwards too, what went wrong in Ireland is exactly the opposite of what free market believers support, loose monetary policy followed by bailo0uts.
 
 
+4 # Rick Levy 2012-04-30 17:56
As a senior citizen, I hope that my contemporaries are not telling young people how good the latter have it. I for one would not want to be growing up in the current era. It was much easier for young people to get an education and find work in the 1960's.
 
 
+1 # corals33 2012-04-30 21:16
the young are all we have left to feed the beast with and must play the part mapped out for them by parents too quick to accept the sly and subtle dictates of their self appointed rich leaders who told them that the pursuit of money would make them better persons and enrich their lives.
 
 
+1 # corals33 2012-04-30 21:23
I mean- just imagine it for one second.
A human being LOOKING FOR WORK. The most inventive mind and the creature with the best brain in creation "looking for work". I ask you!!
 
 
0 # Listner 2012-05-01 07:57
Nothing we do is as important in this democracy as our vote.Most of the people we rail against were "voted" into office. We absolutely MUST encourage young people to vote.
If you want high health care premiums , if you want an educational system thats out of reach for most people , if you want an infrastructure thats old and out of date , that can all be provided if you chose not to vote. If, on the other hand these things are why you chose to participate in the OWS movement, VOTE
These blogs help define what we want but VOTING GETS IT DONE......VOTE
 
 
0 # Stalker 2012-05-02 06:06
The idea that it costs more to send my son to college than it costs to buy my house is insane. We are in a global economy and many of our competitor nations offer free or almost free education. How can we expect to compete when the playing field is that tilted? The same goes for health care costs. How can we compete with countries that offer government health care when our companies have to pay for it?

As for balancing the budget it wont be balanced until we grow our way out of the current debt. No amount of cutting or tax increases will work only growth will solve the problem. We need spending on American made goods and services not tax cuts.
 

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