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America, Welcome to the Poorhouse: What You Must Do to Protect Your Financial Future and the Reform We Need by Jane White

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Chapter 6Why We Need More College Graduates to Compete with China and India

Why do we care about the price of getting a sheepskin? Two reasons: First, a college degree is a necessary investment in getting your kids a well-paying job at a point in history when increasing numbers of working-class jobs are being outsourced. Second, the less money you have to fork over for your kids’ degrees means the more you can bankroll for your retirement.

How fast have college costs risen? If our current President had lacked the talent to author two bestsellers, he’d probably still be paying off his college bills, since he opted to use his law degree, which he got in 1988, to enter public service rather than a more lucrative career as a trial lawyer. ...

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