A new CBO report exposes the explosion in Pell grant subsidies for college students over the last seven years and options to rein in the substantially-higher spending.
Michelle Obama connected with voters during her moving opening night speech of the Democratic National Convention on Tuesday. She was smart, extremely likable and the perfect spokeswoman for the American president as she talked about "the unflinching sacrifice" her parents and husband's family made so their kids could have the "chance to go places they had never imagined for themselves."
In President Barack Obama's 2012 State of the Union address, he said that "higher education can't be a luxury. It is an economic imperative that every family in America should be able to afford." Such talk makes for political points, but there's no evidence that a college education is an economic imperative. A good part of our higher education problem, explaining its spiraling cost, is that a large percentage of students currently attending college are ill-equipped and incapable of doing real college work. They shouldn't be there wasting their own resources and those of their families and taxpayers. Let's look at it.
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