Young people are getting screwed by Obama’s policies

Dear young people: you’re getting screwed by this administration that you voted for “by far-higher-than-average percentages than folks over 30 years old”.

Young voters between the ages of 18 and 29. Listen up, kids! Your parents are robbing your futures blind and you’re chumps enough not only to go along but to say – like the adorable title orphan in the classic baby boomer musical Oliver! – please, sir, I want some more.

From virtually every possible angle, Obama is helping to diminish the prospects for today’s younger generation. First and foremost, his response to the Great Recession – stimulus and the massive piling up of debt – is slowing the recovery. Ginormous regulatory schemes such as Dodd-Frank and the creation of huge new soul-and-bucks-sucking programs such as Obamacare weigh heavily on the economy now and in the future too. His refusal to discuss seriously old-age entitlement reform – Medicare and Social Security and the 40 percent of Medicaid that goes to old folks – is a massive storm front on the economic horizon. His preference for secrecy and overreach when it comes to executive power won’t screw young people as obviously as his economic policies, but when he leaves office in 2017, he will have created far more terrorists than he needed to.

First things first, Obama’s “response to the Great Recession – stimulus and the massive piling up of debt – is slowing the recovery. Ginormous regulatory schemes such as Dodd-Frank and the creation of huge new soul-and-bucks-sucking programs such as Obamacare weigh heavily on the economy now and in the future too.”

There is no scenario in which debt is sustainable.

 

Second of all, young people’s “insurance premiums are going to go up. That’s because part of health-care reform stipulates tighter limits on the spread of premiums between older and younger people.”

But you’ll have Social Security and Medicare, right? That pillar of American investment? Not exactly, when young people “will be paying higher taxes – money they might have used to start saving for their own retirement – for programs that either won’t exist at all or will be seriously diminished by the time they start clipping Depends coupons.”

And of course, there’s this little thing called debt, where “when accumulated gross debt exceeds 90 percent of a country’s total economic activity for five or more consecutive years – reduce annual economic growth by more than 1 percentage point for decades…the typical episode of sharply reduced growth lasted 23 years.”

So kids…you’re screwed.

But hey, free birth control, right?

 

0 Comments

Leave a Reply

Using Gravatars in the comments - get your own and be recognized!

XHTML: These are some of the tags you can use: <a href=""> <b> <blockquote> <code> <em> <i> <strike> <strong>