Get To Work
It’s unfortunate that it took us ten days to find this article from Mark Steyn of the National Review, but then again we have something called a life that typically precludes us from reading the National Review.
Particularly when Wonder Pets are on.
Anyway, it’s good we finally tracked down Steyn’s piece, because it makes one helluva point – namely that all the “Yes, we can!” suckers who lent their youthful vibe to “The One” will end up having to pay for that decision every single day for the rest of their lives.
Sound depressing?
From Steyn’s article, “The Brokest Generation,” we read:
Are you sure you young folks will be able to pay off this massive Mount Spendmore of multi-trillion-dollar debts we’ve piled up on you?
“Yes, we can!”
We thought you’d say that! God bless the youth of America! We of the Greatest Generation, the Boomers, and Generation X salute you, the plucky members of the Brokest Generation, the Gloomers, and Generation Y, as in “Why the hell did you old coots do this to us?”
Because, as politicians like to say, it’s about “the future of all our children.” And the future of all our children is that they’ll be paying off the past of all their grandparents. At 12 percent of GDP, this year’s deficit is the highest since the Second World War, and prioritizes not economic vitality but massive expansion of government. But hey, it’s not our problem. As Lord Keynes observed, “In the long run we’re all dead.” Well, most of us will be. But not you youngsters, not for a while. So we’ve figured it out: You’re the ultimate credit market, and the rest of us are all pre-approved!
Steyn goes on to refer to the endless bailouts as the “biggest generational transfer of wealth in the history of the world,” and he has a wonderful description of one of the most obvious (and yet seldom-discussed) examples of Barack Obama’s hypocrisy …
The Teleprompter Kid says not to worry: His budget numbers are based on projections that the economy will decline 1.2 percent this year and then grow 4 percent every year thereafter. Do you believe that? In fact, does he believe that? This is the guy who keeps telling us this is the worst economic crisis in 70 years, and it turns out it’s just a 1 percent decline for a couple more months and then party-time resumes?
Like the guy in Trading Places said, “Yeah.”
Anyway, we plan on putting Sic Willie’s little girl straight to work as soon as she pops out. After all, it’s looking like she (and her parents) won’t have much of a choice in the matter.
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