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Walter Williams 6/26/2012 | Investor’s Business Daily | In President 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. Syndicated columnist Robert Samuelson said recently that “the college-for-all crusade has outlived its usefulness. Time to ditch it. Like the crusade to make all Americans homeowners, it’s now doing more harm than good.” Educated Janitors Richard Vedder, professor of economics at Ohio University, adjunct scholar at the American Enterprise Institute and director…
