Now then, I’d like to talk a little bit about our educational system especially in college and at the University level. No, this is not a bitch session – I realize that the United States has one of the greatest educational systems in the world, that’s why the rest of the world sends their students here, and yes, if I were designing an educational system for the present period, I would design it differently after all of my observations, think tank discussions, research, and going through it myself.Today, I’d like to talk about something else. I’d like to talk about the challenges we are facing with student loan defaults. They are increasing at an alarming rate, and it’s time that we did something drastic right now to fix the problem. It appears that many colleges and universities are running around putting Band-Aids on the situation, but the bigger problem looms. It’s almost as if we are repeating history just as we recover from the 2008 housing crash. Easy to get loans, political manipulation in free-markets, greed, and runaway pricing collapsed in that market as well.There was an interesting article recently, published on March 25, 2013, titled; “Student loan write-offs hit $3 billion in first two months of year,” by Elvina Nawaguna, appearing in Reuters care of MSNBC. If we annualize this we have $18 billion for 2013, and worse it is accelerating, and we are now seeing a red light shift as the crisis in academic’s universe grows. The article stated;”Banks wrote off $3 billion of student loan debt in the first two months of 2013, up more than 36 percent from the year-ago period, as many graduates remain jobless, underemployed or cash-strapped in a slow U.S. economic recovery, an Equifax study showed.”Now, I am not one to suggest a run-away hyperbolic hockey stick graph to plot the future of this growing crisis, but I’d like to ask “What If” this continues to accelerate at the same 36% growth in defaults year-over-year for the remaining years of the Obama Administration, yes that is a scary thought. The reason I ask this is because no one is doing anything to correct the situation, and the jobs are not coming back which is obviously one of the biggest reasons for this.Now then, if we are going to continue to run the United States off the socialist cliff of economic decay, we won’t have any more jobs in the future for the students graduating, and those that have already graduated won’t be able to pay off the loans they’ve already gotten. The whole system is not long for this world. We are not doing ourselves any favors by sticking our heads in the sand, because this thing is going to hit us like a ton of bricks. Please consider all this and think on it.