A Generation Losing Hope: The Shattering Of The American Dream

Frank Ryan ~ American Thinker

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Before our very eyes, a generation of Americans is losing faith in the American dream and adopting attitudes and behaviors that emphasize living for the day, not planning to take care of their own futures. They clearly see the problems ahead and draw rational conclusions.

Most of our problems have been caused by government. The unintended consequences of poorly thought out legislation or legislation designed merely to garner votes for re-election is wreaking havoc on economic opportunity for our country.

For one, the regulatory burden by our government on economic growth is well-known. The regulatory impact of the Dodd-Frank bill, the Affordable Care Act, No Child Left Behind, and the EPA all influence costs but, concurrently, adversely affect productivity and our competitiveness in world markets.

The Social Security underfunding has been known since the mid-1970s, yet Congress has failed to enact any meaningful solution to the problem. The most recent extension of the 2% tax holiday on the FICA tax will only exacerbate the budget shortfall.

The cost of college education has continued to skyrocket such that student debt is at an all-time high. Many students now find it almost impossible to repay their student loans.

Read more at American Thinker:

http://www.americanthinker.com/2012/01/a_generation_losing_hope_the_shattering_of_the_american_dream.html#ixzz1kglz1Zwi