Word: defaulters
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...sweep through it. In the poetry of action, that tension of the soul between the hero each of us aspires to be and the transgressors we too often are is captured in the Leatherstocking tales. Boys and college students don't know how good the saga they monopolize by default...
...costly and time-consuming process. They now routinely want business borrowers to provide personal guarantees, sometimes even with their homes as collateral. And if the value of that collateral falls below the outstanding balance of the loan, then bankers may have to classify the debt as being in default -- even though the borrower may have been faithfully making payments...
Which children? Only those whose parents already have enough, or nearly enough, to send their children our of the public schools. The public school system Bush and Quayle are dreaming of is a charity, a school by default. If your parents are destitute and you can't even afford (never mind get admitted to) the local church school, yon can always go to public school. With even less money and with few people above the poverty level attending them, no one will bother to fix the schools. Many of the wealthier people who run governments will have their children safely...
Poor parents often have difficulty working within the school system and end up sending their kids to neighborhood schools by default--be they good or bad. Middle-class parents, who tend to know at least a minimum about their local schools, take the good ones, and the rich parents send their kids elsewhere. Poor parents tend to send their kids to the worst schools in the city. They don't always know enough to sign their kid up for Boston Latin or Beverly Hills high. The cycle continues. And with school choice programs already popping up independently across the country...
...means that they aren't living somewhere else because of some sort of negative feeling. If science concentrators feel uncomfortable in Winthrop House because they don't feel like they can study there, it won't end up on their lottery list, and Quad houses might appear instead by default...