Debt reversal

It’s not too late to halt the next generation's march toward socialism | Joel Belz

Illustration by Krieg Barrie

Out of all the polls that have been taken and then recited back to the American public about the reform of healthcare, none is more ominous than this: that, generally speaking, the younger you are the more likely you are to favor the socialization of the healthcare industry as proposed by the Obama administration.

That is scary in the short term because it increases the likelihood that the Obama plan—if only in watered-down form—will pass. Politicians are listening to younger voters.

But it's much more scary in the long term because it suggests that the growing majority of younger voters simply have no clue when it comes to basic economics. They have no fear of future indebtedness.

Not that our generation set a great example for those I'm now calling naïve. And not that we taught them what we should have—either on the issue of debt or several dozen related matters of basic economic and governmental understanding.