A Whole Generation, 80 Million Strong, of Really Pissed Off Libertarians?
Bill Quick

Obamanomics Is Ticking Time Bomb For Millennial Generation – Investors.com

Millennials turned out in strong support for President Obama because he promised the most transparent administration in history. Blunders such as ObamaCare and NSA surveillance have instilled distrust for those in Washington and their ability to oversee a fair economic playing field.

This distrust has dimmed the prospect of young adults’ becoming future buyers and investors. If they do not shed their zeitgeist of frugal spending and investment habits, it could spell trouble for the retail and stock markets.

ObamaCare has been the most recent and perhaps final nail in millennials’ economic coffin. They now disapprove of the law by a whopping 57%, with 40% believing it will decrease the quality of their health care, according to a Harvard poll.

A report by NerdWallet says the average millennial who enters the exchanges will spend around $1,700 a year out of pocket while those who forgo insurance and take the penalty will spend an estimated $348. Such numbers simply point to the advantage of not enrolling.

If there’s one thing baby boomers taught us, it’s that a big generation can bring big change. And with millennials that change will be epic.

Yeah.  Especially those who survive the global war we’ll be waging, starting sometime in the next five years.

Bill Quick

About Bill Quick

I am a small-l libertarian. My primary concern is to increase individual liberty as much as possible in the face of statist efforts to restrict it from both the right and the left. If I had to sum up my beliefs as concisely as possible, I would say, "Stay out of my wallet and my bedroom," "your liberty stops at my nose," and "don't tread on me." I will believe that things are taking a turn for the better in America when married gays are able to, and do, maintain large arsenals of automatic weapons, and tax collectors are, and do, not.

Comments are closed.