Monday, November 22, 2010

Youth Wasted

The Republican Party still wants to hand out pain instead of compassion and make us wait for the rich people to spend their money to save us. I’m not the only one that sees it. The kids coming along see it too. You might want to pause and reflect on that social dynamic for a moment. Think about a young man (or woman) that just graduated from college -- or Iraq and Afghanistan -- and can’t find a job.

From The Baseline Scenario

How Are the Kids? Unemployed, Underwater, and Sinking

”Currently, even after a slight boost in jobs growth, unemployment for 18-24 year olds stands at 24.7%.”

Just as a comparison (in case you’re not familiar with the statistic), unemployment reached a high of 25% in the Great Depression.

“However, the U.S. did not return to 1929 GNP for over a decade and still had an unemployment rate of about 15% in 1940, albeit down from the high of 25% in 1933.”

Back to the article:

”Without adequate education and careers for students, we will never be able to balance the budget. In the long run, it makes more fiscal sense to create jobs and collect tax revenue than to rely on a model that merely waits for the private sector to invest.”

Hmmm. It seems as if the kids have the Flick. I wonder why the Party of the Confederacy can’t seem to get it?

Don Brown
November 22, 2010

1 comment:

David Pardo said...

In a decade or two, we'll remember who got us here, who's dependent on us for retirement and lifestyle benefits, and who's numbers are dwindling as the years go by. Just saying.