Why Obama will let down this country once again...

Like a new love, college-students were enthralled under the saccharine moral dawn of Obama’s Presidency; prospecting so much so that they could literally think of nothing else but a place where their safety is guaranteed by the welfare state.

As unemployment fails to recede in rates higher than when Obama began, an industrial-complex as far-reaching and likely as the paranoia surrounding the military and prison system should be fashioned, incubated by the youth who support his so-called “achievements” which number zero, with the chances of his fundamentally reforming education loans looking nill to none.

Sadly, the credit of who will next default America back into recession goes to the prodigal sons over at non-public New York University; propping up price-tags with the wherewithal of student debt can fetch fifty-thousand or more per year, while the college stands rocking with its left-wing sails, dipping into taxpayers' guaranteeing by adding more than three-fourths of a billion in outstanding, unpaid liabilities in Washington's Federal Student Aid program.

Additionally, an answer for this in Obama's next term is as likely as MSNBC or the Huffington Post ever explaining how credulous and culpable their student pachyderms are and the Democrat politicians who prop them up. It's like they're arming the rest of the country with straitjackets festooned by mammoth quadrennial regulation when Obama cancels Clinton's Tax Cuts, creates PE and HF disincentives for investment, and makes tax avoidance a crime so he can pay for an education system that has already failed.

When everyone from bankers to small Main-street bosses face Obamacompliance, why is it that tuition is certain to go up, repayment rates to go down and a sad, villipending circle on the fork of the fiscal cliff this coming February will incinerate any suggestion that Obama has new ideas to fix this economy. The subsides will not continue but increase, the Cliff will be passed over, and an ongoing votary gyration between cutting Defense or saving Medicare and Medicad, Education and other programs from cuts will occur as they do throughout Welfare Europe. It's an ongoing saga there of a sick system dying away in their own fiscal squalor.

While once upon a time students received an average of five-hundred dollars in the 1960s to attend the likes of UC Berkeley, a local Quaker College; students in the 21st century can get upwards of a quarter of a million guaranteed, more so for postgrad, without godly idea of paying it back.

The sad thing is it isn’t their fault, since neither the universities nor the government has cared to oversee how the students use their loans.For all we know, someone in Arkansas could realise tomorrow he is subsiding a native of Williamsburg, Brooklyn, to bowdlerize and expurgate himself through alcohol and drugs while attending a four-year university for a degree in American Studies.

That’s fine, but no eighteen year old from anywhere could possibly spend that kind of money very wisely while furnished with impossibly long sets of time to pay it, in addition to a dependent mentality on loans and as a debtor for years to come. Yes, moral hazard is back.

New York University alone has one in six students defaulting on its debt. If it were more selective, as Norway, Saudi Arabia, Qatar, or Sweden are, and link loans to the colleges, as Romney suggested, then the rumble, wow, and fuzzbox of Obama could subside into a semi-musical bucket list of things that could actually be resolved. Perhaps he adopted some of his ideas and became even slightly partisan could we expect 'real change'.