Mark Steyn writes in National Review April 16, 2011
Losing the Future
Government is not alone in “investing” in “the future.” The New York Times reported last week that in 2010, for the first time, student-loan debt topped credit-card debt. This year, college debt is projected to be over a trillion dollars — a spectacular increase in just the last decade. America is now dumping two-thirds of Canada’s or India’s GDP not into overall debt but into one small niche market of debt. Yet, in a nation with a trillion dollars of student debt, 40 percent of Americans work in minimal-skill service jobs about to be rendered obsolete by technology, while our elites dream of following Michelle Obama into leisurely gigs as $350,000-a-year diversity-outreach consultants.
Question: How much do you have to invest in the future before you’ve spent it and no longer have one?