1. "The other channel is education. Over the last three decades, the pay of college graduates has risen significantly faster than the pay of less-educated workers. Mr. Obama aims to move workers into the first category by increasing federal financial aid and simplifying the myriad of aid programs. In recent years, the United States has lost its standing as the country in which the largest share of young adults graduates from college.
“Low- and middle-income kids often don’t aspire to college,” Peter Orszag, director of the Office of Management and Budget, said Thursday. “They hear ‘$40,000 tuition’ and think that’s impossible.”" Economic Scene: A Bold Plan Sweeps Away Reagan Ideas. By DAVID LEONHARDT Published: February 26, 2009. NYTimes.com
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