Center for Freedom and Prosperity Foundation
For Immediate Release
Tuesday, June 11, 2013
202-285-0244
www.freedomandprosperity.org
New “Economics 101” Video from CF&P Explains How Big Government Harms America’s Young People
(Washington, D.C., Tuesday, June 11, 2013) The Center for Freedom and Prosperity Foundation (CF&P) released today its latest “Economics 101” video, which details how big government is undermining the future of America’s youth. Entitled, “How Big Government Undermines Your Future,” the video shows young people that big government is the common factor when it comes to the most serious problems they face.
Narrated by Jenna Huhn of the Cato Institute, the mini-documentary lists four major challenges facing today’s youth: 1) High youth unemployment, 2) Unreasonable healthcare burdens, 3) Poor returns from Social Security, and 4) burgeoning student loan debt.
To bolster claims that today’s youth face a less hopeful future, the video notes that even as students are graduating with ever increasing levels of debt – up 34% from just four years ago – their employment prospects are uniquely dismal. The abysmal unemployment rates for young workers throughout Europe’s welfare states – now reaching more than 50% in Spain and Greece – provide a grim roadmap for America’s future if we continue down the same path. At the same time, the costs of health insurance for the young will rise thanks to Obamacare’s expectation that they shoulder a greater cost of caring for the elderly. And to add insult to injury, Social Security is promising a negative return on what current and future workers will be forced to pay into the program.
Links to the video: Youtube | Dailymotion | Blip.TV
“Big government is screwing today’s youth,” said CF&P Foundation President Andrew Quinlan. He added, “The good news is that a return to better policies can solve each of the problems highlighted in the video. Rather than continuing to support ever more government, young people should demand that politicians stop meddling in their affairs.”
“The entitlement and transfer state is bad news for young people,” added Dan Mitchell of the Cato Institute, who warned that, “Without substantial reform, the United States will suffer the same fiscal and economic problems that are now plaguing Europe – and young people will pay the heaviest price.”
Executive Summary
This mini-documentary from the Center for Freedom and Prosperity Foundation highlights the devastating impact that big government has on America’s youth, who are ironically also its strongest champions.
Four major challenges facing today’s youth: 1) High youth unemployment, 2) Unreasonable healthcare burdens, 3) Poor returns from Social Security, and 4) burgeoning student loan debt.
This new video is part of CF&P’s Economics 101 video series, which is designed to explain free market concepts, with particular emphasis on reaching students and young people. This is the twenty-third video in the series.
The other Econ 101 videos: Obamanomics: Class Warfare vs Pro-Growth Tax Policy; The Auto Bailout Was a Failure, Hurting Taxpayers and the Economy; Obamanomics: The Dismal Record; Obamanomics: A Legacy of Wasteful Spending; Third-Party Payer is the Biggest Economic Problem With America’s Health Care System; The Dangers of Government Dependency; The New Deal Was A Failure: Hoover and FDR Prolonged the Great Depression with Big Government; The European Fiscal Crisis and Lessons for America, Free Markets, Not Redistribution, Is Best Way to Reduce Poverty, Seven Reasons Why Tax Increases Are the Wrong Approach; Tax Competition: A Powerful Force to Restrain Big Government; Four Reasons Why Big Government Is Bad Government; Keynesian Economics Is Wrong: Economic Growth Causes Consumer Spending, Not the Other Way Around; Indexing the Capital Gains Tax to Protect Taxpayers from Inflation; Repealing Obamacare and Restoring a Free Market in Healthcare; The Job-Killing Impact of Minimum Wage Laws; Deficits, Debts and Unfunded Liabilities; Cost of the Internal Revenue Code; Lessons Learned From Sweden; Government Monopolies; Moral Hazard; and Don’t Copy Europe’s Mistakes.
Web Page for Economics 101 Videos:
http://freedomandprosperity.org/videos/economics-101-series/
CF&P Foundation has also released more than four-dozen mini-documentaries since 2007. These videos include Tax Competition Primer, VAT-Hidden Tax, Global Flat Tax Revolution, Cutting the U.S. Corporate Income Tax, Promoting Prosperity, Obama’s So-Called Stimulus, Obama’s Deferral Proposal, Case Against Class-Warfare Tax Policy, President Obama’s Dishonest Demagoguery on Tax Havens, Six Reasons Why the Capital Gains Tax Should Be Abolished, a three part series on the Benefits of Tax Havens and another three-part series on the Laffer Curve.
Link: http://freedomandprosperity.org/videos/economic-lessons-series/
Web Links:
Youtube
http://youtu.be/ogrl9yC0S50
Dailymotion
http://www.dailymotion.com/video/x10spnd_how-big-government-undermines-your-future_news
Blip.TV
http://blip.tv/economics/how-big-government-undermines-your-future-6601439
For additional comments:
Andrew Quinlan can be reached at 202-285-0244, andy@freedomandprosperity.org
Dan Mitchell can be reached at 202-218-4615, dmitchell@cato.org
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