Last Monday, Rivlin — a former budget director — said passing up the TV interviews was key to leaders getting a fiscal cliff deal. "They need to get off the Sunday shows," she declared at a briefing for reporters. Former Sens. Pete Domenici (R-N.M.) and Alan Simpson (R-Wyo.) offered similar advice.
"Get rid of the debt ceiling," she says. "It's a totally artificial thing. When you vote for spending and you vote for revenues there's an implicit debt number there, but it shouldn't be used as a hammer over the head of the president or anybody else…..the debt ceiling has nothing to do with the rising debt."
Further proving the importance of continuing one's education beyond high school are the findings of a 2010 report from the Georgetown University Center on Education and the Workforce, which revealed that by 2018, 23% of the workforce will be required to hold a bachelor's degree.
Former Republican Senate Budget Committee Chairman Pete V. Domenici and former Clinton administration Budget Director Alice Rivlin, co-chairs of a Bipartisan Policy Center debt reduction task force, issued a 2.0 version of their plan that attempts to thread the needle between what they say is the short-term need for more economic stimulus and concern for slowing the growth of the $16.2 trillion national debt.
With the average cost of a bachelor's degree now running about $68,500 at State U. and $154,300 at a private college, one might well wonder if the investment is worthwhile. In short, it is. But the return very much depends on your major.
Rather than view additional pathways to their institutions as new competitors, colleges should see them as ways to improve their own completion rates, expand educational opportunities to more students and provide the American economy with the skilled work force of tomorrow.