When 26-year-old Megan graduated from the university with her Master's in International Affairs, she had big career aspirations. But after two years of job hunting, she finds herself working as the manager of a women's retail store and living with her parents just so she can make ends meet. Not exactly the life Megan imagined when she was studying long hours in the library and working that part-time job to pay her way through school. And sadly, Megan's story is not uncommon.
The younger generation entering the work-force is facing a harsh reality check. That is, 36 percent of America's young adults are living under their parents' roofs living paycheck to paycheck with no prospects in sight. For the first time in our nation's history, young people face a future that threatens to be less financially secure than that of their parents. Only 44 percent of Americans - fewer than ever before - believe that today's youth will have more prosperous lives than their parents.
No matter how much politicians try to spin the narrative on our $17 trillion national debt crisis, they cannot hide the real financial struggles under which our nation is crumbling. Washington must reduce our deficit by cutting spending, reforming entitlements and ensuring the debt ceiling is not increased without significant spending reductions that don't use budgetary gimmicks or raise taxes on American families. more >>
Should I vote with my heart or my brain? It's a question most Libertarians will ask themselves when they step into the ballot box in 2014 and 2016.
Until Libertarians have a serious candidate running on more than just legalization of marijuana, both Republicans and Democrats have an equal chance at recruiting this growing bloc of voters, especially among the younger voters who have recently turned to the Libertarian viewpoint as a result of their mistrust of Government. The chain of scandals from this administration does not sit well with today's youth as well as any other age group on either side of the aisle, with the most obvious solution being a Party based on less Government.
For years, GOP grandees have taken it for granted that Libertarians would be with them come Election Day. After all, aren't Libertarians essentially free-market, freedom-loving conservatives who just don't want to be formally affiliated with Republicans? more >>
Barack Obama went to Knox College in Galesburg, Illinois this past week to re-articulate his vision for the American economy and to re-assure the American people that, yes, he knows what he is doing.
The president's prodigious political skills are always on display, even in the most challenging circumstances. He can take dismal reality and spin a positive and optimistic picture that will inspire his supporters.
And no matter how much facts may contradict the claims of the president's vision, that vision never changes and there never seems a moment when he doubts he is right. The president reminded the audience that he first spoke there eight years ago as a new Senator. He noted the changes that have taken place. He's now president. He now has gray hair. more >>
Fifty years of Democrats running the city of Detroit led to it filing for bankruptcy last week. Unsustainable demands from its 48 unions gradually drove out private industry, as government became the largest employer. Its shrinking tax base can no longer support the massive pension debt obligations and still provide a minimum level of city services. Nearly half of the city's debt is to underfunded pension plans and retirees.
Mitt Romney presciently warned in 2008 that if the government bailed out the automakers, it would ultimately destroy Detroit. "Without that bailout, Detroit will need to drastically restructure itself. With it, the automakers will stay the course - the suicidal course of declining market shares, insurmountable labor and retiree burdens, technology atrophy, product inferiority and never-ending job losses. Detroit needs a turnaround, not a check." Obama and the Democrats in Congress didn't listen and chose to bail out GM and Chrysler.
Detroit reached its zenith in the 1950s. It was the fourth-largest U.S. city and had one of the country's highest per capita incomes. A manufacturing capital, the city provided 75 percent of the production for World War II. GM CEO Dan Akerson laments," If you go back to the early '60s, Detroit was the Silicon Valley of America. If you were an engineer, you wanted to be in Detroit." more >>
Why, when there is no question that nothing has created more wealth and eradicated more poverty than capitalism, do left wing politicians hate it so much?
After all, it's supposed to be the left that cares about the poor.
The latest chapter in this ongoing saga of economic perversity is action being taken in Washington, DC to prevent Walmart from opening stores there. more >>
Welcome to the post-sequester apocalypse. As much as President Obama will have us believe otherwise, the greatest financial catastrophe in the coming days will not be of Washington's making at all.
If you're looking to see what a policy of liberalism can do to a city, look no further then Rock City. Despite one of the most aggressive ECD campaigns featuring celebrities Eminem, Jeff Daniels and Tim Allen, not even Hollywood can save Detroit from going broke and despite being taken over by the State of Michigan saving the City still had to declare bankruptcy.
President Obama on October 13, 2012 stated that he "refused to let Detroit go bankrupt." Well, Mr. Obama maybe you should have tried to write a very big personal check to save Detroit as once again your words have been proven false. more >>