Yesterday I wrote a post on how Obama's debt, and to a lesser degree the debt that would be piled up even under the GOP's 'extreme' proposal, is going to be destroy the life, liberty, and property of my children and grandchildren. They are going to grow up in a world less secure because our nation will owe money to nations ranging from Middle Eastern oil dictatorships to communist China, our children will have lesser fire and police and hospital and library services than we enjoy today, inflation will destroy savings and inheritances and businesses passed on, Social Security will be gone (or exist in a much diminished manner), Medicare will be gone (or exist in a much diminished manner), higher education will be too expensive except for the richest of the youth, and our society will be one which rewards those children whose parents have political connections and not those children who work hard and innovate. A Leviathan will rule over my children and grandchildren, controlling their actions and dictating to them in a poor society that is yet a shadow of what America used to be, all thanks to liberal and progressives and their failed policies which have destroyed the financial and moral foundations of nations, states, and cities already.
Robert Knight at the Washington Post summarizes Obama’s energetic war on the young, who continue to support Obama even though these naive college kids don’t realize that big-government servitude awaits them. Here is what Obama is passing on to our next generation, the most treasured resource we have, our youth and posterity:
Students and parents seeking to borrow for college are now denied a private option, with Uncle Sam taking over all federally backed student loans courtesy of sleight of hand in the Obamacare bill. The Department of Education is harassing for-profit colleges such as the University of Phoenix and Strayer University, which provide useful courses for prospective employees, particularly young people without a standard college degree.It takes a while to develop energy resources- decades to explore, drill, and transport oil, or to build cutting-edge nuclear power plants, or to build hydroelectric dams, and yet under Obama, all of these sorts of projects have been slowed or even halted, damaging the near and long term future of our nation- if he remains President for another 6 years, our nation will fall father and farther behind in developing energy and be forced to transfer more and more wealth to tyrants overseas just because Obama and the Democrats are slaves to a failed Green God religion and its corrupting influence.
Unemployment was 25.7 in February for teenagers and 15.7 percent for those 20 to 24 years old, according to the Bureau of Labor Statistics. Recent college grads are despairing of landing anything above the fast-food counter, where they face stiff competition from millions of recent immigrants. Businesspeople won’t hire because they know the Obamacrats see the rule of law as merely a speed bump on the way to more top-down management by Uncle Sam.
Our relatively healthy stock market reflects not so much a recovery as an indicator that businesses are happier with their bottom lines now that they have fewer employees. Benefits are disappearing as well as employers run scared from Obamacare and regulation-crazed bureaucrats. With every employee representing a plethora of federal, state and local obligations, you can’t blame businesses for trying to do more with fewer. This is not good for those kids clutching their degrees and entering the job market.
The national deficit is careening upward of $1.6 trillion this year, with a projected debt of $24 trillion by 2021. Those young people applauding Mr. Obama so heartily are the very ones with bull’s-eyes on their backs for ruinous tax increases in their prime earning years. They also are going to find out that Social Security has been a huge Ponzi scheme, with them as the “marks.”
Young people love the Internet. It is one of the last unfettered, cutting-edge technologies. Well, enjoy it while you can, kids. Mr. Obama’s Federal Communications Commission Chairman Julius Genachowski and two Democratic commissioners decided in December that they needed no congressional authority to begin issuing net-neutrality regulations that could cripple innovation. If unchecked, this also could lead to government meddling with Internet content.
The very nature of Obamacare is to transfer wealth from young to old, by forcing healthy members of society who are choosing not to buy healthcare to buy healthcare and subsidize the old people in society who use it. The promise is there that someday they'll also get to join in the intergenerational theft, but when America's debt soars ever higher, that promise will not be followed through on, and besides, promises of intergenerational theft are still nothing more than theft.
America's youth will rue the day that they voted for Barack Obama on a naive promise of hope and change and togetherness. They will rue the day.
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