Government spending as a percentage of GDP
This is basically the story all over America:
John Arnold, director of the Office of Strategic Planning and Budgeting, said that Medicaid and other health-care expenses are predicted to grow to as much as 40 percent of the state budget by 2015. That will force the state to cut higher education funding because there are few other options, he said.
And that’s just at the state level. Take a look at the chart at the top if you want to know where Pell Grants are going to go…
It’s maybe fun to talk about why costs of college went up, and about whether we are bloated or starved to death. It’s fun to take a stand and say — look, we should just hold out for the money we need to keep things operating this way, there is no problem.
But it’s all pretty irrelevant. I’m about as progressive a person as one gets, and I’ve been in the trenches fighting for change. But the economic dynamics of the coming health care crisis mean we will have to spend less per student in the very near future, period. There’s not a believable scenario where that doesn’t happen. The question is only how fast and what the change looks like.
A while back, the meme that Broadband Swallows Everything was floating around the ed-tech world — I think that’s looking the wrong direction. It’s healthcare and an aging population that’s going to bring state-funded education to its knees in the next 10 years; every other influence is trivial by comparison.