In the midst of our failing economy, not only is homeownership in danger of evaporating, but the American dream of a college education is in danger too. You and I know that working your way through college is a romantic dream—you can’t really get a job that pays like that, and how in the world do you work and go to school full-time? So most of us loaned-up to get our education, and we still live with that debt. Once easy to obtain, college loans are smaller and harder to get. A few thousand collars can be the difference between staying in school and having to drop out. President-elect Barack Obama talked about a plan to make college accessible and affordable, but what would that plan look like? Should college be free, like it is elsewhere in the world?  Given that education is the key to a solid future and social ascension, should a college education be a civil right of sorts? Obama has his hands full now trying to stop America from free-falling into the canyon of no return. But educating our children will make this economy stronger too, so this issue will cross his desk probably sooner than later. What do you think?

How should Obama deal with the cost of higher education so that everyone can have a shot?

President-elect Barack Obama has picked his economic dream team, and to a lot of us, this is the team that matters. He’s named New York Federal Reserve President Timothy Geithner as his Treasury Secretary nominee and former Harvard President Lawrence Summers as the director of the National Economic Council. There have been no push-backs or criticism from either side of the aisle thusfar, but the pundits haven’t really got their teeth into it yet.  Obama’s team is going to be faced with trying to turn around the worst economic downturn since the depression. Expectations are high. So it’s cool that Obama is being deliberate and precise about his choices. The problem is, this is so much like inheriting a broke-down used car insofar as it’s hard to know where Obama should begin. There is the auto industry, there is the stock bailout, there is the real estate downturn. There doesn’t seem to be any reason to think George Bush is inclined to lend anybody a hand on his way out, so Obama’s team has their work cut out. The problem isn’t fixing the economy, per se. the problem is, how do we know where to start? What do you think?

What should be Obama’s plan of attack on the economy? What do you think of his team picks?  Tell us here.

Images courtesy of economist.com.

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