I’ve been attempting to keep up with the news recently as to whether or not we are actually in a recession within the U.S.  Even if we are not, the consensus seems to be that we are definitely heading that direction.  Now perhaps I am not as smart as our fellow citizens and political betters in Washington D.C. but the way out of a recession is not tax we, the citizens. Then given us a little check in a few months that we will exuberantly blow on Chinese manufactured crap at the local Best Buy or whatnot in order to “stimulate” the economy.  But it looks like our collective genius brothers and betters have hatched just such a plan.  

So what should you do as a student or potential student?  First, don’t blow the money that the government is sending you (or giving you back as the case may be).  Instead, take this little windfall and invest it in expanding upon your education.  Where are the gaps in your skill set?  Consider that then use the money to improve your skills in that area.  For example, I am getting an MBA but I am weak in Accounting.  As such I will pursue an advanced undergraduate certificate from Louisiana State University in Accounting to fill this gap in my skill set.  Make sense?

If you don’t have a degree but are considering getting one, use this money to start the ball rolling.  Get your education during this slump.  The reason being is that now is probably not the time to attempt changing jobs (as layoffs usually affect the “newly hired” first) and the job outlook is looking sparse and competitive.  If you have a good job now, stay there and instead become sharper through getting your education, that away when the recession lifts and the job market opens up you will demand a greater amount in compensation than otherwise possible.  Remember that it is always easier to negotiate a starting salary than to ask for a raise later.

Just something to consider.    

Now a little note to our betters in Washington.  Look, if you want to save the economy the pain of a recession cut WAY back on spending and lower taxes ACROSS THE BOARD.  I know, it sounds crazy but if you leave people and companies with more money in their pockets to spend, they often will do just that.  Go figure.