Barack Obama is good at mesmerizing some people by telling them what they want to hear. Unfortunately, too few people investigate whether the President’s plans for America are probable or even possible.

“We will keep this promise to the American people – If you like your health care plan, you will be able to keep your health care plan – period.  No one will take it away no matter what.” — President Barack Obama, June 15, 2009.

“I guess if you like your coverage you really can’t keep it as millions of Americans have been finding out over the last month.” — Eugene Craig III, Student, Bowie State University

From Maryland’s Bowie State University website:

“Bowie State University has suspended offering health insurance for domestic students for the 2013-2014 academic year.  Due to new requirements of the Affordable Care Act which will go into effect on January 1, 2014, the cost of insurance for domestic students will increase to approximately $1800 per year.  If you were covered by the university health insurance last Spring 2013, your policy will expire on August 29, 2013.” 

Translation: Current student health insurance has been cancelled because (ACA) DemocratCare regulations have made it too costly to offer. Get ready: Your cost for student health insurance will be going up a lot next year because of the Affordable Care Act. (Oh the irony!)

Although young people voted overwhelmingly for Barack Obama in 2008 and 2012, his policies have been a disaster for them – including high unemployment and a crushing national debt that they will have to pay off in the future. It will come out of their paychecks in the form of taxes (that is, if they are fortunate enough to have a job). That’s what you get when you vote for “cool,” or skin color, or “hope” or for sweet talking politicians who make wonderful sounding promises that are not based in reality. The current problems we are seeing coming out of Washington will hopefully encourage young people to question the judgment of many of their teachers who overwhelmingly support President Obama and his big government “solutions.”

Smaller, more frugal government is the way to go kiddies. When government is least intrusive, when government taxes less from the private sector (yes, that includes “rich people”) then the economy will boom, jobs will be aplenty and a lot of the economic problems that America is facing right now will take care of themselves.

Barack Obama and the Democrat, liberal vision that seeks to regulate all aspects of human activity, that seeks wealth redistribution from the wealthy and the middle class to people who are poor (which includes some who prefer handouts to hard work, self-respect, and ambition) and that seeks some abstract form of “social justice” is crushing our economy. Their policies, the ones that most young people voted for, are the reason why jobs are scare, the labor participation rate is tanking, wages are stagnant, the national debt is $17 trillion, etc., etc. To understand why this is true read the post below from November 2nd on Frederic Bastiat.

I argue that if young people want to improve their prospects for the future they need to educate themselves on basic economics and American history. One book on economics that I would highly recommend is Henry Hazlitt’s Economics In One Lesson. For American history, History of the American People by Paul Johnson is a good place to start. Of course, anything written by our founding fathers will inform and enlighten.

Frotho

“The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.”
— Henry Hazlitt
Photo: Mises Institute

Order Hazlitt’s book from Amazon.com by clicking here.

Sources:

http://campusreform.org/?ID=5235

http://campusreform.org/?ID=5239

http://www.bowiestate.edu/campus-life/henry-wise-wellness-center/student-health-insurance-plan-/ (Nov. 14, 2013)

http://bulldogcollegian.com/how-obamacare-is-hurting-bowie-state-students/ (Nov. 16, 2013