There’s a serious danger that the college education bubble may burst. As more and more people get college degrees, which inevitably have to become easier to get in order to increase the amount of graduates beyond its realistic levels, the market will eventually figure out that the degree doesn’t mean what it used to. It will become less useful as a heuristic for intelligence and achievement. And college graduates will find themselves with an asset—a degree—whose value is dropping while their debt remains high.
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"What Obama Should Have Told The Kids Today," The Business Insider magazine, 8 September 2009.John Carney
This belief led me to propose the establishment of a Military College modelled on existing similar institutions in England and the United States, with the expectation that when the first batch of Graduates were leaving the College. Means would be found to employ the Graduates in the Canadian Military Service
Alexander Mackenzie
I actually think it will be interesting to listen to the President tonight. What I'd like him to do is report on his promises but there are forgotten promises and forgotten people. Over the last four years, the President has said that he was going to create jobs for the American people and that hasn't happened. He said he would cut the deficit in half and that hasn't happened. He said that incomes would rise and instead incomes have gone down. And I think this is a time not for him not to start restating new promises but to report on the promises he made. I think he wants a promises reset. We want a report on the promises he made. And that means let's hear some numbers. Let's hear 16. Sixteen trillion dollars of debt. This is very different than the promise he made. Let's hear the number 47. 47 million people in this country on food stamps. When he took office, 33 million people were on food stamps. Let's understand why it was he's been unsuccessful in helping alleviate poverty in this country. Why so many people have fallen from the middle class into poverty under this president. Let's have him explain to the American people the 50% number. Why 50% of college graduates can't find work or work that is consistent with their college degree. The President needs to report tonight on his promises rather than try and reset a whole series of new promises that he also won't be able to keep.
Mitt Romney
Every man should have a college education in order to show him how little the thing is really worth. The intellectual kings of the earth have seldom been college-bred.
Elbert Hubbard
On college graduates considering law as a career: I think too many promising young minds are wasted on it.
Antonin Scalia
Let us all be men and women in full. Let us expect from ourselves more than we think we can give, more than we think we can do and more than we think we already know. (To Army War College Graduates, Carlisle Barracks, PA, 7 June 2008)
Michael Mullen
Carney, John
Carney, Julia Abigail Fletcher
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