June is famous for weddings and graduations. Both are filled with great expectations and both are subject to great disappointments.
Today’s college graduates are thoroughly screwed. According to Matthew Segal, the president of a non-profit membership organization called Our Time, “With 85% of college graduates moving back home and an average debt of $22,900 per student, thousands are staring at a bleak economic future.” You think?
Aren’t these the eager, besotted youngsters who, at age 18, voted for Barack Hussein Obama as if he were the Second Coming? In the words of Herman Cain, a GOP presidential contender, how did that work out?
“New college graduates,” said Segal, “are entering an economy with an almost 17% unemployment rate for Americans under the age of 30.” Despite that and other horrible statistics, Segal insists “We know there is still a bright future out there…” Oh, yeah? High unemployment. Having to move back home. Graduating with a huge debt. That’s not my definition of a bright future.