The Brokest Generation

Mark Steyn tries to warn the youth of this country that they are the ones getting stuck with the Obama administration’s tab. All these massive spending programs will, inevitably, have to be paid for out of their pockets.

This is the biggest generational transfer of wealth in the history of the world. If you’re an 18-year-old middle-class hopeychanger, look at the way your parents and grandparents live: It’s not going to be like that for you. You’re going to have a smaller house, and a smaller car – if not a basement flat and a bus ticket. You didn’t get us into this catastrophe. But you’re going to be stuck with the tab, just like the Germans got stuck with paying reparations for the catastrophe of the First World War. True, the Germans were actually in the war, whereas in the current crisis you guys were just goofing around at school, dozing through Diversity Studies and hoping to ace Anger Management class. But tough. That’s the way it goes.

I had the pleasure of talking to the students of Hillsdale College last week, and I endeavored to explain what it is they’re being lined up for in a 21st century America of more government, more regulation, less opportunity and less prosperity: When you come to take your seat at the American table (to use another phrase politicians are fond of), you’ll find the geezers, boomers and X-ers have all gone to the men’s room, and you’re the only one sitting there when the waiter presents the check. That’s you: Generation Checks.

This is a reversal of the Reagan complaint about the “Tax and and Spend” liberals. Obama’s spending spree is a “Spend and Tax” plan. Because the deficits that are already running at record levels will not go away anytime soon. China warned this week that they are nervous about all the US Treasury notes they hold. That should be a gigantic warning sign that something is not adding up in the grandiose Obama plan to turn the US into a Redistributionist Utopia.

Someone will have to pay for all of this eventually. The tab has been left for future generations. Go read the whole piece.

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