Cato calls for abolition of Education Department, echoing TheRightFieldLine's post on Feb. 16

...the Constitution gives Washington zero authority to meddle in education. That means every federal education program, and the department itself, is unconstitutional.

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Since the 1965 passage of the Elementary and Secondary Education Act - of which No Child Left Behind is just a continuation - federal education expenditures have been like the Alps, but academic outcomes like the Bonneville Salt Flats. Since 1970, inflation-adjusted federal spending per-pupil has risen almost 190 percent, while academic performance by 17-year-olds - our schools' "final products" - has stagnated.

How have things been in higher education? In particular, what have we gotten from decades of the federal grants, loans, work-study, and tax incentives through which Mr. Obama would like to furnish college students with more than $173 billion in 2011?

More people have certainly gone to college: In 1960 - five years before passage of the seminal Higher Education Act - only 7.7 percent of Americans ages 25 and older had bachelor's degrees. By 2008, nearly 30 percent did. But that credential explosion has come at a steep, self-defeating cost.

First, there's a glut of degree holders: According to the U.S. Bureau of Labor Statistics, only about 21 percent of jobs require bachelor's degrees - bad news for the tens of millions of surplus B.A. and B.S. holders.

Neal McCluskey is associate director of the Cato Institute's Center for Educational Freedom and author of Feds in the Classroom: How Big Government Corrupts, Cripples, and Compromises American Education.

Second, sheepskin has been seriously devalued. Among many signs of this, the most recent National Assessment of Adult Literacy reveals that the percentage of Americans whose top degree is a bachelor's who were "proficient" readers dropped by about 10 points between 1992 and 2003 - and only about 38 percent were proficient in 1992. Americans with graduate degrees saw similar drops.

But the greatest cost has been, well, college costs. Ever-growing aid has encouraged students to demand more from schools - extravagant recreation centers, gourmet food, luxurious dorms - and enabled schools to rapidly increase charges. It's no coincidence that since 1979, real aid per student - most of it federal - rose 149 percent, while public four-year college charges ballooned 105 percent and private prices 126 percent.

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Federal education meddling, and the department through which most of it is done, must end.

Cash for clunkers is, in the end, a clunker

"Cash for clunkers is best seen as a perfect example of why economic illiteracy - evident both in our politicians and even sometimes in noted economists - is so damaging to our economy now.

The clunkers program is the latest example of French economist Frederic Bastiat's warning to always analyze secondary, unseen effects as well as the primary effects of any policy; that is to say, to fully reflect all costs, as well as benefits of a program, when determining its efficacy."

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"The clunkers program certainly helps auto manufacturers, sellers and participating buyers, today; this is what's seen. But it hurts used-car buyers, who now face constricted supply, along with used-car dealers, repair shops, parts suppliers, mechanics and a myriad number of businesses in other industries who face lower sales revenues."