Quote:
Originally Posted by Ohio
Your definition is short-sighted and not accurate. It does not take into account potential earnings. I am "poor" living off investment income, when my son graduated with college loans he was quite "rich." It just took a few years to prove where we both were at. Putting his student debt on my back would be a gross injustice.
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True, this is why I consider it an investment. Who completes college that isn't planning on working which will most likely result in a career 40 years long of paying taxes back to the government. If we spend $1.5 trillion and get $5 trillion back in taxes it is a good investment. Why shouldn't the government invest in people? The government is in the business of collecting taxes, people with college degrees on average will pay more in their lifetime in taxes than those without. It is a good investment.
Also, in this case "a higher tide will lift all boats" is appropriate.