Are American students too uninformed to understand that extremists in Congress have mortgaged their futures? Could students have been brainwashed by the teachings of left-leaning, Keynesian academics that are reflexively knee-jerk pro-Obama, regardless of the policy? The Obama Administration has implemented a series of long-term, economically destructive policies that will affect the ability of current college students to have a better standard of living than their parents. In September, the Bureau of Labor Statistics showed that unemployment among college age students was up dramatically from 2009 reaching at a national high of 9.1%. And, with national unemployment remaining high at 9.6%, and expected to continue that way for some time, given the Obama's Administration's anti-business bias, newly minted college graduates face a grim employment future.
Healthcare reform, which many college students supported, will almost certainly turn out to be one of the greatest of curses. Students will be forced to spend hard-earned cash on medical plans that benefit them little but do much to subsidize the medical costs of older citizens and illegal immigrants currently in the system. Even the benefits of remaining of mommy's and daddy's medical plan for a year or two after college whilst entering their new, adult-worker lives, is a decision that will cost a person between the ages of 21 to 26 approximately $21,000.00.
With the economic downturn, still unimproved despite over a trillion dollar spent on fictitious "critical infrastructure projects" that were allegedly going to generate or save 3.5 million jobs, older American workers have less ability to retire, so they remain in their jobs, which has the unintended consequence of reducing upward mobility in the younger work force. This decision, coupled with all the other financial mismanagement by government will cost each American $44,200.
In addition, Obama's financial reform legislation made it more difficult for middle-class students to obtain family backed collateralized loans from banks while, college costs have been rising at two times inflation. Despite some increase in the amount of funding for federal PELL grants, because of the economic downturn, that funding must now cover more students, so the amount of the average Pell grant actually decreases.
These so-called "enhancements" from the Student Aid and Fiscal Responsibility Act of 2009 will cost students exorbitantly since the additional $1 billion of funding was provided with dollars borrowed from the Chinese, a debt that American young adults will be responsible for repaying. The bigger point is that the Obama Administration has made a conscious decision to engage in wealth re-distribution schemes to reward older Americans, punish success, and reward the most financially irresponsible while simultaneously punishing the most thrifty. When added together, Obama has placed a tremendous burden on the youth of today.
American college students seem oblivious to the Administration's plans that enslave them with dependency and burdensome taxes. You'd think there'd be some anger; you'd think there'd be some outrage; you'd think, like the French, they'd be rioting in the streets. For now, at least, it seems that American student outrage is MIA, and our country will be the worse for it.
The poet Kahlil Gibran, told us that our children " souls dwell in the House of Tomorrow, which you cannot visit, not even in your dreams." We may all be glad of that since the Obama Administration has ensured that the House of Tomorrow for the young people of today is the stuff of nightmares.