Looking at the voting demographic data from the 2012 presidential election, it is clear that Barack Obama easily won the vote of the under-30 group. Indeed, the young were pivotal in his election victory.
Now, the financial soundness of the Obamacare design relies on getting enough young, healthy people to enroll in the exchanges to subsidize the older and indigent populations. This, to me, seems like an unfair burden to place on the youth of our nation, who are already struggling in these times.
Unemployment is currently significantly higher for young people. It has been estimated that the average college graduate has nearly $30,000 of debt from student loans. At the same time, it has been reported that college graduates are making 15 percent less in their first job (inflation-adjusted) than they were in the year 2000.
A recent report stated that 48 percent of graduates are getting jobs that don’t require degrees. There are also daunting statistics about the percentage getting jobs related to their field of study.
I have seen estimates that up to 40 percent plus of new graduates are moving back in with their parents following graduation. I am reminded of the Paul Ryan line about graduates coming home to their childhood bedrooms and staring up at their faded Obama posters.
My obvious question is: Is it right to push more financial burden onto those of us who are least able to handle it? Also, consider that when a graduate of today reaches middle age, the nonpartisan Congressional Budget Office estimates that the debt per taxpayer will amount to more than half million dollars.
John McCain was the first person I heard use the expression “mortgaging our children’s future.” I have never since heard a better description of what’s happening in this country.
Preliminary data suggests that the young will adopt a slogan of their own: “Just say no to subsidizing Obamacare.” This disastrous program, the product of egomania and ideology, may take us all down.