By David Pash - Generation Opportunity
Whats worse than $17 trillion in debt? $100 trillion more
Washington DC (4/10/13) Generation Opportunity President Evan Feinberg one of the first Millennials to run for Congress issued the following statement in response to President Obamas newly unveiled budget proposal:
The country is nearly $17 trillion in debt and were on the hook for close to $100 trillion in unfunded liabilities over the next 75 years. No offense to our geriatric elected representatives in Washington but theyre not going to be around when the chickens come home to roost. Theyre running up a tab that my generation is ultimately going to be responsible for. Today President Obama delivered his annual budget recommendations only 65 days later than he is required to by law. Instead of proposing any meaningful spending cuts or agency consolidations this budget includes a 6 increase in government spending under the guise of investments. Why is it that every time politicians of either party invest our money we never seem to get it back?"
As recent press reports have indicated not only will Obamas budget proposal cost $3.77 trillion for the fiscal year beginning in October it will also increase taxes while Americans are already struggling. This dramatic increase of Obamas tax and spend policies will disproportionately harm young adults at a time when nearly 1 in 6 are effectively jobless according to Generation Opportunitys
Millennial Jobs Report.
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