Student Loans: The Fund-Eating Dragon
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NPR
4.6 • 16.4K Ratings
🗓️ 21 July 2022
⏱️ 51 minutes
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| 0:00.0 | In the decade after World War II, the United States emerged as a world superpower. |
| 0:19.9 | It was the Cold War, and the US was at the top of the game, a world leader in production, |
| 0:25.6 | innovation and technology. |
| 0:28.4 | And then everything changes on a Friday evening in October of 1957. |
| 0:46.4 | And that's when Lyndon Johnson, who is the Senate Majority Leader at the time, is hosting |
| 0:53.0 | a barbecue at his ranch in Austin, and a news item comes across the radio. |
| 1:09.4 | That says the Soviet Union has made it to space. They have launched a satellite, the first |
| 1:17.9 | man-made satellite into space. |
| 1:31.5 | Immediately he and Lady Bird Johnson and their guests walk a path to the nearby river to |
| 1:42.0 | find a spot where they can look up at the sky and see if they could see this object. |
| 1:55.8 | The sky was like velvet, and the stars hung close like brilliant diamonds around us. |
| 2:01.6 | Each of us was pondering what the future now held. |
| 2:05.9 | And Lyndon Johnson basically, for all intents and purposes, looks up at the sky and says, |
| 2:11.9 | oh no. |
| 2:12.9 | We had lived with the sky all our lives, and suddenly it was as though we had never seen |
| 2:18.1 | it before. |
| 2:20.1 | He then races back to the house and calls fellow members of the committee that he served |
| 2:29.1 | on, and basically says, this is a huge event, we have to have some type of response to |
| 2:35.1 | this. |
| 2:39.6 | He wrote that he was really stunned, and he wanted to reclaim that space race, and that in |
| 2:45.7 | order to do that, we needed a more educated workforce, we needed more scientists and |
| 2:51.2 | engineers. |
... |
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