Paul Krugman wrote an excellent piece this morning: http://www.nytimes.com/2012/04/30/opinion/krugman-wasting-our-minds.html...
We must invest in the future, instead of consuming now. I have made several proposals along this line related to education: http://www.walterhofheinz.org/issues#education
Perhaps we need a new WPA to create investment for our future. Look for more in a later blog entry.