7. Finally, through a dramatic expansion of Secretary of Education Arne Duncan's "Race to the Top" concept, we will restore our K-12 education to world-class status. We will also develop a higher-education finance system, as proposed by Nobel laureate economists James Tobin and Milton Friedman, and recently suggested again by Robert Reich, that permits students to pay after they graduate based on their earnings. This opens the doors of college to all—with no concerns about ability to pay or a debt burden afterward. Education is the most critical component of our future—we will invest in it.
This is an agenda for the next two years. It is an agenda worthy of a great president, which President Obama can be.