Young America's Foundation's Ron Meyer will be on Fox News Saturday, January 14, at 6:45 a.m. EST to discuss YAF's Youth Misery Index and the Obama administration's "Summer Jobs+" program.
Here's an excerpt from Ron's piece with Nathan Harden in the Washington Times:
President Obama, who rode into the presidency on a wave of youth enthusiasm, has seen his support among young people fall by nearly 30 points since he took office. Young people are disappointed that this administration’s policies failed to live up to the hope-filled rhetoric of 2008, but more pointedly, America’s youth are taking an economic beating.
Not only is unemployment higher among youth than any other major demographic, but record-smashing college debt levels and a looming $15 trillion national debt threaten to financially indenture the millennial generation to the federal government for the rest of our lives.
To visualize this dire situation, Young America's Foundation has created the Youth Misery Index (YMI). Taking a page from a listing made famous by Jimmy Carter, the Youth Misery Index uses simple addition to combine youth unemployment, average graduating student debt (in thousands), and national debt per capita (in thousands).
Youth unemployment is at 17.4 percent - one of the highest levels since World War II. Average graduating student debt has reached a record-breaking $26,300. National debt per capita is $46,900 - the highest ever. Add it up, and the Youth Misery Index comes out to 90.6.
Full Article: *Washington Times*
And, here's part of the article from Townhall.com on "Summer Jobs+":
Last week, we learned that the Obama administration (via theDepartment of Labor plans to unilaterally launch a new "Summer Jobs+" program for young people.
Frankly, it's about time the administration acknowledged thedour jobs environment it has created for young people, but "Summer Jobs+" adds little relief to America's youth.
The jobs and internships being advertised already exist in the private sector, and the only real change is that the Obama administration will stop prosecuting private companies for offering unpaid internships.
Does the administration think we forgot about their actions in 2010? That summer, the acting director of the Department of Labor's wage and hour division, Nancy J. Leppink,demonized unpaid internships, saying:
If you're a for-profit employer or you want to pursue an internship with a for-profit employer, there aren't going to be many circumstances where you can have an internship and not be paid and still be in compliance with the law.
Now, Leppink-who is now the deputy administrator of the wage and hour division-has put this rhetoric to rest in order to pad the Obama administration's jobs figures.
Full article: *Townhall.com*
Be sure to roll out of bed and tune in to Fox News(or set your DVR) for Saturday morning at 6:45 a.m. EST.