This is almost true. There are some problems with your post, though.
"Educators will tell you that perhaps college should be reserved for those with the ability and initiative to do the work. Not everyone is ready for a college education, or able to engage in the rigorous critical thinking required. That's not popular with the salespeople, who want to sell college to everyone."
The 'salespeople' here are our government, trying to sell hope that even though they encourage industry to move offshore, there is a way for everyone to live happy fruitful lives. Education was that way. And it's necessary now; after all, to get a decent white-collar job now you need 'a degree'. It doesn't have to be related to your job. Jobs available (if you don't have a degree) will ensure that you live in poverty and die early.
"High school is now four years of day care because those teachers figure the kids will really learn to spell in college."
No. High school is now daycare because both parents now have to work to survive and NEED DAY CARE. Teachers are now expected to raise kids, but aren't allowed to punish them. Parents freak when 'little johnny' fails, and rather than take responsibility, they blame the teachers for their kids lack of effort - even though teachers have little or no power to make the kids do ANYTHING.
"When they cheapen those, too, we're going to have to cut out the middleman and bribe our way into careers."
Yes. Only the upper classes will be able to do this too. Oligarchy becomes permanent and the American Dream dies. A permanent, desperate underclass that will work like slaves for almost nothing will be available, and America will finally become 'competitive' with the third world. By becoming a third-world nation.