On Wednesday in his address to Congress, President Obama spoke of how the "public option" could run parallel to private insurance and provide competition in the very same way that public colleges and private colleges operate in the same market. However, as we see in the chart above and the video below from 20/20, the cost of going to college (public or private) is very expensive and still climbing; public-private "competition" hasn't helped to drive costs down in higher education. In fact, the current system has made colleges less competitive and less accessible.
I'll be posting the reasons why higher education costs have been growing by leaps and bounds sometime within the next couple of days. By the way, I was happy to learn that John Stossel is now with Fox news.
The chart above is from Mark J. Perry's Carpe Diem
