marks the 103rd birthday of President Ronald Reagan -- a champion of
young people who truly believed in enacting initiatives that created a
bright future for them.
of the signature pieces of legislation during Reagan’s tenure as
president was the Economic Recovery Tax Act of 1981, which cut personal
income taxes by 25 percent for every American, the largest tax cut in
these tax cuts were implemented, youth unemployment plummeted, from
18.8 percent at the beginning of his presidency to 10.7 percent by the
end. Reagan believed in economic freedom and the idea that every
individual should have the opportunity to prosper if they worked hard.
that to today, with youth unemployment sitting at a high of 16.3
percent with no hope of improvement. Millennials are now realizing
employment opportunities after graduating college are slim.
Currently six million young people are idle, which means they are
neither attending school nor working. Others are living at home, working
part-time jobs and barely able to afford their monthly student loan
payments. How will this generation be able to prepare for retirement or
save to buy a house, or achieve their “American Dream?”
people deserve better than the current president and his detrimental
economic policies. Young people were some of Obama’s most enthusiastic
supporters, but now the reality of their support is burdensome. The
promises of free health care and employment after college never came to
fruition. The reality is that Reagan’s signature piece of legislation
helped young people and led to a long period of economic growth, whereas
Obama’s signature legislation, Obamacare, is killing jobs and creating
economic hardship for many Americans, especially Millennials.
presidency has been one of vast expansion of government programs,
contributing a staggering $6.7 trillion to our nation’s $17.3 trillion
debt. Young people are the ones who are most affected by the rising
national debt and reckless Washington spending since their individual
share of the national debt is $54,369.
believed that Big Government programs were harmful to society, saying,
“The problem is not that people are taxed too little, the problem is
that government spends too much.” If only Obama believed these very wise
words to be true, maybe an entitlement nation dependent upon government
could have been avoided.
is hope, however. The latest poll from Young America’s Foundation finds
that 48 percent of young Americans believe the government is too big,
which shows that they reject the intrusiveness of government in their
daily lives. Our recent polls show that the message of limited
government, free markets, and pro-freedom solutions resonate with young
people — they have seen the harmful effects of overreaching government
and are fed up.
recognized that Washington’s power needed to be limited and controlled,
which is vastly different than the viewpoint of the current
officeholder, as Obama constantly puts more power in the hands of
federal bureaucrats. His policies have created little-to-no opportunity
for America’s youth, and just might have Reagan rolling in his grave.
talked of it being “Morning in America,” with a growing economy and a
renewed faith in ourselves and our great nation. Obama has brought a
time of mourning to America with economic stagnation and widespread
pessimism about the future, with many believing our best days are behind
us. On this anniversary of Reagan’s birth, let us renew our commitment
to his legacy by advancing the principles of economic freedom,
individual liberty and opportunity, so we can exchange our current
mourning for a brighter and freer morning.
Ashley Pratte is the Public Relations Officer for Young America's Foundation.
As seen in the Washington Examiner