Go Back to College Economics.

Are you freakin' kidding me, Blogobamavich?  

See if you can follow this labor market example.  Aggregate demand drops like a fat baby, and companies stop hiring.  Workers then use their savings (and loan ability) to go back to school to retrain.  College is seen as the place to do that.  Demand for the few spots available on college campuses go up.

Now here's the part our Harvard-grad Preside does not get: as demand increases price increases.  Is that too hard of a concept for a constitutional law professor who says he's all for civil liberties and closing Guantanamo, and then renews the Patriot Act and signs off on a document that allows the military to hold people suspected of terrorist activity/connections indefinetly?  Probably so, since he doesn't even understand constitutional law.

But I digress, back to economics.  Demand rises, and price goes up.  Now, university is subsidized by the state and federal government.  That keeps some of the price pressure down, as universities are able to provide more spaces, more teachers, etc.  Think of that as a shift out in supply.

So you are suggesting that we respond to an increase in demand with a decrease in supply, and that will LOWER prices?  Hint: a decrease in supply will lead to an increase in price on the market.  Do I need to show you the magical X that I show all of my students?  After five minutes even the F students get it. 

Or is this another one of those Chicago political moves?  You've got this valuable ****ing thing, and you're not going to give it up for free?