{"id":19356,"date":"2012-08-25T20:19:17","date_gmt":"2012-08-26T00:19:17","guid":{"rendered":"http:\/\/blog.beliefnet.com\/watchwomanonthewall\/?p=19356"},"modified":"2012-08-25T20:19:17","modified_gmt":"2012-08-26T00:19:17","slug":"future-under-obama-should-have-every-american-on-edge","status":"publish","type":"post","link":"https:\/\/www.beliefnet.com\/columnists\/watchwomanonthewall\/2012\/08\/future-under-obama-should-have-every-american-on-edge.html","title":{"rendered":"Future under Obama should have every American on edge"},"content":{"rendered":"
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Kim Reynolds lieutenant governor of Iowa Assumed office January 14, 2011<\/figcaption><\/figure>\n

by Kim Reynolds<\/em><\/p>\n

For all of our history, it has been an article of faith that we in America bestow unto our children and grandchildren a nation that is stronger than the one we were given. Their lives will be better than ours, their future brighter. But lately, that faith has been questioned, that belief called into doubt.<\/p>\n

During an economic downturn in which all Americans have been hurt, it is our young people who have suffered the most. The unemployment rate for workers under the age of 25 \u2014 part of the so-called millennial generation \u2014 is at a staggering 16.4 percent, double the national average. With fewer jobs throughout the country, young job-seekers are finding their opportunities to be extremely limited. As a result, the workforce participation rate for these millennials has cratered. It couldn\u2019t come at a worse time.<\/p>\n

\"\"<\/a>Our youth are drowning in debt, and not because of bad decisions or wasteful spending. The cost of attending even a public college has soared, 25 percent in the last four years alone. The amount of debt carried by the average college graduate is at a record high.<\/p>\n

The consequences have rippled throughout the entire economy. With enormous debt and few prospects for employment, more and more young people are turning to their parents for help. Over half of parents financially support their adult children. As a result, their nest eggs and retirement funds are melting away.<\/p>\n

It is particularly poignant that the worst of the Obama economy has fallen squarely upon the shoulders of the young men and women who rallied to him so enthusiastically in 2008. Unfortunately for them and the country at large, the president\u2019s policies have failed. He has repeatedly increased government spending in an attempt to solve our nation\u2019s problems. That strategy has made the challenges we face much worse than most people realize.<\/p>\n

The short-term challenges of unemployment and personal debt pale compared to the threat to the millennial generation that looms on the horizon.<\/p>\n

Both parties recognize the fundamental danger the country\u2019s debt poses to our nation\u2019s future, but President Obama\u2019s policies have not reflected that reality. By the end of his first term, his administration will have nearly doubled our public debt.<\/p>\n

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Below watch the National Debt climb. Every second of every day, 24 hours a day, 365 days a year, the National Debt climbs driving the dollars in your wallet to be able to purchase less and less.<\/em><\/p>\n\n\n\n\n\n
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National Debt Clock<\/a><\/td>\n<\/tr>\n