Generation Y Is Generation Big Government

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Austrian School Perspective

Because of the clowns in D.C., young people have higher taxes and slow economic growth to look forward to. Remember, if there is no economic growth, how will these wealth leaching government jobs be paid for?

I think these young people will also wind up disappointed in a few years when they see the entitlement problem explode. That event will pale in comparison to the supposed "market failure" over the past couple of years. I say “supposed,” because there are government fingerprints all over our current situation due to government meddling in the marketplace.

Austrian School of ID @ Jul 14, 2009 13:03:51 PM

Gov. Jobs

Government jobs are not wealth generating jobs. The more people who move into government service the greater the tax burden on the private sector. Government does not produce anything, they only consume resources that would have been used by productive segments of society.

While I think it is great that I have to compete against fewer people in the private sector, I do not want to have to pay higher taxes to support their lazy butts.

Patwood of TN @ Jul 14, 2009 11:53:47 AM

Well, duh

The government is hiring. The private sector is handing college graduates the worst market in decades---plus dumping millions of people into the street. Do you suppose the kids have heard about this? Or do you think they're buried under a rock?

Muser of NM @ Jul 14, 2009 11:23:04 AM

Generation Why

"For government, sure, there's George W. Bush and the bungling of the war in Iraq, but the predominant mindset since September 11th that you've heard over and over again is that government needs to act."

Yup. Because the only way to improve lousy government is to have more of it. Seems like faulty reasoning has been added to the curriculum for Gen Y also.

chronic.individuality of SC @ Jul 14, 2009 10:51:59 AM

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Capital Commerce

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

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