I agree -- it is nothing like the housing bubble. It's worse. What's really happened is that a college degree has been transformed into a very expensive writ o

I agree -- it is nothing like the housing bubble. It's worse. What's really happened is that a college degree has been transformed into a very expensive writ of indenture that is required to get a job. This undermines the fundamental value not only of college but of the job itself. Why go to college to get a good job if a good job does not actually pay off in the end. You don't actually earn anything from the good job-- you just maybe make a dent in the writ of indenture you had to purchase to get it. That's horrible. It undermines the entire economy. It undermines the entire reason for participating in the economy.