Megyn Kelly: Political Class Is Robbing Our Youth
MEGYN KELLY: The unemployment rate for 18 to 34-year-olds was almost 10 percent last month. And this group has lagged behind ever since the recession. It's even higher these numbers if you consider underemployment. And those who are working are making less. Wages for 25 to 34-year-olds have fallen an average of eight percent since President Obama took office. While the bills keep piling up, this group has an average $45,000 in personal debt with a lot of that typically coming from student loans. And then there is this.
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While the economic crash gets some of the blame, here is the ugly truth about where the money really goes. Entitlement spending this year was $1.5 trillion or just less than half of the total federal budget. By 2020, that grows to $2.4 trillion. An increase of more than 50 percent. And that does not even account for ObamaCare and what happens with our bottom-line if this experiment costs more than projected. Here is a closer look at some that.
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