Weve done for bringing out examples around the world that other countries have found ways to think about Human Capital in broader and often more successful ways than the United States. Clearly when you think about Human Capital, you need to start from prek. You need to get kids early. You need to invest in them to make the school ready. You need places to provide quality education so they are prepared to go on. Access to Community College and Higher Education clearly play a role. Another things that we dont put much emphasis on but others have is working on apprenticeship. What do you do for the large number of people that are not going to go onto Higher Education. How do you give opportunities for them. Those countries have opened up a broad range of jobs that pay off. They clearly raise earnings. About 300,000 increase in participation in it. The return on every public dollar in some cases 23 for every 1 invested in these programs. They play a vital role for those with less than High
Role. Another things that we dont put much emphasis on but others have is working on apprenticeship. What do you do for the large number of people that are not going to go onto higher education. How do you give opportunities for them. Those countries have opened up a broad range of jobs that pay off. They clearly raise earnings. About 300,000 increase in participation in it. The return on every public dollar in some cases 23 for every 1 invested in these programs. They play a vital role for those with less than High School Education or High School Education for good paying jobs in the future. Fantastic. I would also like to ask jennifer who provided a lot of good ideas around innovation and innovation clusters in looking how regions can adopt strategies for Economic Growth. Jennifer, can you share your views . Yes. Thanks so much. I appreciate having been invited to be part of this because as the former government of michigan representing a part of the country that really has been the
Thank you, michael. As you know, michael, i hope youre right that we are at an inflection point, but i agree with ambassador burton, that im afraid youre not. Maybe its because im too busy listen to robert kagen and krauthammer saying no, were not. Were doing fine the question is, what piece of evidence would convince them that the time has come to change course . You cite resistance from others, other great powers, the unwillingness to resources at home, and resistance to the public at large. There are still some that say we can clearly resource it. Sfrply raise taxes or cut other spending. Where is the u. S. Public resistance. We dont have people in marching in the street as we did after vietnam. Where is the evidence of balancing by other great powers . Can you point to something there . It seems we dont have sufficient evidence to convince the other side that its time to change course. Well, thats a good point, particularly about the other great powers. Now, it was one observed to
Degree is demonstrable. The cost of earning that degree, however, has become rehibitively expensive for many as College Costs have risen. Average tuition for out of state students reached 22,200 this Academic Year and at private universities average tuition is over 30,000 annually. Many students leave with a bachelors degree in hand, but burdened with tens of thousands of dollars in Student Loan Debt. Many students leave College Without graduating and lacking the paper credential they hoped put them towards middle class stability or better. Well intentioned policies have failed to drive down College Costs. An easy flow of federal student aid has enabled students to take out sizable Student Loans with little, if any credit check or consideration for their future earnings potential. Some have even argued that such policies have enabled universities to raise tuition, creating a vicious lending and spending cycle. Federal Higher Education subsidies have increased substantially over the pas
Most notably, in 2012, in response to hurricane sandy, governors were able to put thousands of guardsmen on the ground within hours to come to the aid of citizens. We were able to do this because of the institutional procurement, training, educational and depotlevel training that the army and air force provide a separate reductions in these critical areas will have an Immediate Impact on National Guard readiness. The air National Guard is scheduling invention of aircraft and engines in to the depot maintenance program. Because our lack of flexibility to manage dollars currently under the continuing resolution. This delay will returnees assets to their units. Facilities sustainment and modernization will degrade and already aging infrastructure. The continuing resolution prohibits any new starts and construction, further threatening our modernization program. The quality of facilities located in 3000 communities impact readiness and our ability to respond to disasters across the country