February 12, 2013
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.
Yet The New York Times reports that not only did 18-to-29-year-olds vote for Obama by far-higher-than-average percentages than folks over 30 years old, they believe that by far-higher-than-average percentages that the government needs to be doing more, not less. This, despite record levels of government spending and debt – and awful results – for the whole of the 21st century.
Hey, rubes! Related thoughts here.