Trump administration’s attack on university research accelerates

With billions in grants put on hold, targeted universities will see research crippled.

See full article...

 

[DarthSlack]

In my view, universities, especially the ivy league ones, are wasting incredible amounts of money. The last time I went back to my college I was astonished by the inefficiency. Student debt is just a big FU to american students. It is insane. I think everyone would agree that research is vital to the state of the US, now more than ever. But the amount of wasted money, fraudulent research and just plain entitlement is not viable. Maybe the shock and fallout from what I am sure will end up being a temporary cut will force some accountability.

The simple fact is the US is broke, our deficit is insane and is completely unsustainable. I am 80% convinced that a recession is coming in hard. The only way the government can raise money is by borrowing from investors and printing money. We really have to get control of spending or it is going to get ugly.

Please point to how Trump's attacks on universities, or indeed, ANY of Trump's policies will have a meaningful impact on the deficit. Seriously, link to Trump's plan to solve the deficit.

 

[DarthSlack]

You know what actually dissuades people from starting a company?

Not having any money to invest. No savings. Due to poor wages.

Can't get a business loan due to interest rates and general bank sentiment of the past couple decades which is to not give out small business loans because they're high risk.

Can't take the risk of putting everything you own into a business and risk being homeless if it fails.

Plenty of employers will not be impressed by candidates who have attempted to start a small business. Smart ones will see it as hugely valuable in a candidate, many will think they're too ambitious. Small business owners don't trust them because they're paranoid and think they'll have ambitions to come after their business somehow (small business owners have their own weird class of dumb myths they believe, including the false belief that unemployment comes from their pockets and not state taxes, they get fleeced by lawyers constantly who make them fear everything). Managers at big businesses often fear ambition because they're paranoid because they are the backstabbing ambitious type and so they're afraid of anyone else who can stand up for themselves.

Trying to start a business could tank your career if you fail. Especially if that business was outside your career field. E.g. trying your own software startup as a software engineer, good. Trying to start a non-software business as a software engineer, bad. It'll be seen as "they couldn't hack it in the field so they did something else." Ask me how I know. I have my own failed company and I am careful to place it on my resume because some people react negatively to it. The past FAANG experience is apparently irrelevent. It's insanity.

Starting a business in the US is incredibly risky. For decades all the socialized capitalist countries in Europe have had 2-3x the rates of entrepreneurial success, at least. It's a lot easier to take the leap of starting a business when you know society has a safety net that'll stop you from becoming a damp mark on the pavement should you fall.

It's insane how anti-small business America has become.

One other major, major factor is health insurance. Since most Americans get their health insurance from their employer, they're terrified of having to go through the ACA. That alone keeps a lot of people from striking out on their own. And before the ACA, the situation was beyond horrific.