<p>Okay, let me get this straight. Bright student who cannot afford college will earn $1million less over the course of his adult life, be less healthy(costing society money), have less education children which will themselves earn $1million bucks less over the course of their working careers.</p>
<p>Now we give that same student a subsidy of what, $8000/yr(?) to attend local community colleges and public universities, to earn their degree. At a marginal fed tax rate of 25% that will generate $250,000 in tax revenue for him and and additional $500,000 for his two children who he can now afford to send to public colleges. Add to that another $100,000 in extra health costs for him and his family and we get a pretty good ROI on that $32,000 college subsidy.</p>
<p>But who needs teachers, engineers, computer programmers, nurses, doctors, social workers, artists, trained musicians, etc. We will just build a few more Wal-Marts to ship in cheap goods from China, while they educate an army of engineers, computer programmers, and savvy businessmen who will be more than glad to welcome more manufacturing and lucretive tech jobs.</p>