Big Government Debt: An Emergency for Americans Under 30

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A must-read for you youngins – especially the Obama Zombies among you – from National Review Online:

An Emergency for Americans Under 30
For the Debt Paying Generation, huge burdens, high inflation, and a weakened economy.

By William Beach and Dustin Siggins

A news alert for the Debt Paying Generation: President Obama’s budget for Fiscal Year 2012 brings the national debt from $14.1 trillion to nearly $26.4 trillion by 2021.

This will take the amount of debt per working American by the end of this fiscal year – all 153,000,000 of them – from $101,150 to more than $161,631. Young Americans are going to get hammered by this debt if entitlement, welfare, and defense reforms are not under way within the next two to five years.

Those 115 million Americans between 5 and 30 years old are going to have to absorb virtually all of this debt.

CONTINUE READING

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