It is a lie, too. You DON'T need a college degree to "get a job," especially if you create your own. The largest class of millionaires in this country are self-employed who started their own companies. Something like 25% of all millionaires never went to college---10% never went to high school.
Great point. Dell, Gates and Jobs are prime examples. But some professions are impossible to enter without credentials, unfortunately.
Most college degrees are worth at least the price of the paper they're printed on.