The U.S. House of Representatives has approved austerity measures that expose this same generation to potentially unsustainable debt right now through increased student loans.
The tradeoff promises to not only undermine individual and national prosperity, but also make it less likely that the country will have the resources to meet its obligations in the years to come. Controlling our national debt is not, as they say, an academic exercise. Deficit reduction, like education policy, should focus on ensuring a stable and sustainable economy. If that is the goal, cutting funding to higher education and job training programs is the wrong approach.