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I think what he/she meant is that higher education has become the new high school. What we need is a restoration of secondary school education, not "universal college degrees."

That, and we need to re-value our currency in the same fashion.

[yummyfajitas]

Actually I meant that we should probably send fewer people to college and have fewer people graduate high school. Maybe some of them should go to trade school instead, but generally we should just reduce the quantity of education provided.

Most education seems to be wasteful; see Bryan Caplan's writings on the topic, for example.

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Why do I get downvoted for offering what is thoughtful criticism? I'm not just some nobody who walked in off the street and I have actual credentials and experience teaching higher education. Furthermore, I am not wishing ill will upon others. I would like to stop the outright fleecing of today's college students, however. It's high time that ended.