Central Planning fails because it is too large, and its excesses are too politically charged.

Obama college loan program massively in the red . . . In obscure data tables buried deep in its 2016 budget proposal, the Obama administration revealed this week that its student loan program had a $21.8 billion shortfall last year, apparently the largest ever recorded for any government credit program. PoliticO

Editor's notes:  Yet another example of Central Planning's innate inability to function responsibly.  Don't miss the import of the word "innate," here.  Many have come to believe that the Federal Government is so burdened by it owns regulations,  its own union demands and forced "fairness" rules as to employment,  and its own feckless provisions that work against actually getting things done,  that it cannot function in ways that are typical to  successful corporations.  

Look,  there are many dedicated,  hard working government employees mixed in with the thousands of employees who care nothing about anything but their next check and the retirement/benefit programs of their federal employer(s). 

When we couple the poor employer/employee circumstance of Central Planning with the fact that Planning does not believe it can run out of money,  well,  you have headlines such as the above.  

Does the student loan program work?  Central Planning will argue, "Yes,"  solely based on how many people are enrolled in that program   . . . . . .    never mind that the program is bankrupt.  

Diddo for Medicare.  Does Medicare work?  Millions are in the program !!  Never mind that they are forced into the program,  or the fact that Medicare is 47 trillion dollars in debt to itself.  They call this "unfunded liabilities."  Such is not officially called "debt,"  but the fact remains,  that Central Planning is obligated to funding futures, for which it has no money.  And when payment demand comes,  Central Planning is forced to borrow money from the taxpayer (via the sale of bonds and t-bills) and/or foreign governments.  No matter these details,  the fact of the matter is this:  Medicare is growing much faster than its ability to provide.  In time,  when economies die and foreign money dries up,  the entire program will go down in flames.  

Point of this post:  simply that we have created another federal program than cannot pay for itself.  The problem?  It may surprise you,  but the problem is an existential one.  There is no way any federal program can run on a "maintenance" schedule and provide for all who would apply.  If we do not turn people away,  if we do not demand individual responsibility,  in time,  the nation of takers will overwhelm needed fiscal management, threatening the very existence of the Federal government.    

That is what is happening with Obama's student loan program and ObamaCare.  Sadly,  because the creators of these programs are Obama-style, Utopian Democrats,  the life cycle of both programs has been shortened,  dramatically.  The headline, above,  is a first report,  confirming the theme of this post.