I believe that, and believe it is true to a point. I own my own business. If I had two applicants one with 4 years experience and one with a 4 year degree, the one with experience will likely get the gig. Though I admit that is not true everywhere or for every position, and I bet big corporations and government employers are looking for people with degrees and expect they will stay on for a career.
I am definitely not anti-education. I think what most on here object to is the watering down of higher education and the politicization of education.
I am in complete agreement with your statement. I was applying for a federal job. (NSA, FBI, and CIA)