Why not a three-year college degree?

There is a consensus that the desperate plight of higher education finances in Colorado calls not for tinkering around the edges but a radical re-examination of basic premises. The traditional solution of “Give Them More Money” is simply not an option given the perilous condition of the state and national economy. One proposal under consideration is the creation of more three-year bachelor’s programs as a means of achieving significant savings for students, parents, colleges, and taxpayers. Before opining on the virtues of this idea it would useful to reflect on where the notion of a “four year degree” came from and also what usages are found in other nations.