Generation Y facing a tough future: Obama policies disastrous for youth

WashingtonTimesI’m sorry to say I was once a dumb kid too — although I’m not sure I was this dumb. To be young and an Obama supporter, a guy who is doubling the federal debt that will be inherited by those very same young people, is pretty stupid. From the Washington Times:

Americans of the “Y” Generation, or those of us under 35, are facing a crisis. We are precocious, impatient, impulsive and ostentatious, but above all, we have the hope that our lives, and our happiness, lie on the long road that awaits us. Unfortunately, if the powers that be in the White House and on Capitol Hill run rampant over our future, our nation — and especially our generation — faces impending financial disaster.

The United States has been careless about debt, and is now strapped with the unrealistic funding of overly subsidized programs aimed at keeping voting blocs dependent on government, rather than protecting their grandchildren.

According to a Heritage Foundation report and U.S. Census data from Jan. 11, 2013, since 2007, the average income for people ages 25 to 34 has fallen by 8.2 percent—a decline twice as large as the 3.9 percent decline for the rest of the adult population. Unemployment for those aged 20 to 24 and 25 to 34 remains at 13.7 percent and 7.7 percent, respectively—a stark contrast to the 6.1 percent unemployment rate for the rest of the adult population.

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