Mattus wrote:mantra wrote:They were some $20 billion dollars in debt 25 years ago
Yeah but no.
The graph is misleading. It shows outstanding debt today. Obviously most of the 1989 and onwards debts have been paid or written off. They're not still outstanding from 1989.
Under the Howard government universities were deregulated and fees increased by 25%.
Two billion dollars is not a modest adjustment.
When most of the projected funding of $50 billion plus is dramatically reduced under a Coalition government - $2 billion will appear to be just a drop in the ocean. Do you really think an LNP government will commit themselves to generous funding for a public university?
Government funding to tertiary education over the same period of time actually decreased in real terms during the Coalition reign.
Funding provided by the Australian Government to higher education
increased from $4.4 billion in 1997 to $4.7 billion in 2002. As a proportion of overall funding, this represented a decrease from 54% in 1997 to 40% in 2002.
http://www.abs.gov.au/ausstats/abs@.nsf ... enDocument
The funding the university receives for each student is subject to a 2% efficiency dividend (google it), followed by another 1.25%. Incentives to pay hecs beyond the mandatory minimum disappear. And scholarships are converted into loans. The effects are quite significant.
I agree with you on this point, but it is not set in concrete yet. People will defer debt of course.
But perhaps there are other areas where these costs might be found. Perhaps going a bit easier with all the fucking middle class welfare and tax breaks for the middle class. Perhaps don't build a stupid train that will take you 3 times as long and cost twice as much as a plane and only depart once a day to get from Melbourne to Sydney?
All better options than taking he hatchet to our universities. If we cut them we might as well just sign up to OPEC and embrace the whole resource rich banana republic thing.
The opposition is all about middle class welfare and tax breaks for the top 10%. We were headed down the banana republic path under the last Coalition government. Have you already forgotten John Howard's pork barrelling where every man and his dog - no matter how wealthy or poor - was entitled to handouts and they became dependent on them - emotionally and financially.
This government has been trying to claw it back a little and has re-introduced means testing. No mean feat.