Yes. Take Andrew Carnegie as an example [1]. The dream is that you can eventually, through work and luck, make it big. You can also do the same to make i comfor

Yes. Take Andrew Carnegie as an example [1]. The dream is that you can eventually, through work and luck, make it big. You can also do the same to make i comfortable. For the most part that is still around. What we're seeing now is a country that combined the worst of capitalism and the worst of socialism. For example, free university education. There are two problems with this. First not everyone needs a university education, but making it more common forces people to have it just to compete. Second, the university system that the US has is too expensive to support such a plan due to the confluence of capital and social engineering. Our school want to have private room dorms. This makes the infrastructure more expensive than our EU counterparts with common living styles. As a nation, we now expect such accommodations. The US government, with tax payer money, can't afford to sustain such a system, but the voters will require it. As a result we are stuck. Now how does this second point relate to the first? The US is still able to experiment. Look at Udacity or Coursera. We're trying to move to certifications for technical skills rather than requiring a full degree. Will this pan out? No idea (as an OMSCS student I hope it does). It does bring the cost down. This hopefully will offset the expenses associated with college, as well as its debt. Notice we've removed the expensive part, housing, from the college equation by decoupling it from the official school.