Because wealth compounds over long periods of time — a dollar saved 10 years ago is worth much more than a dollar saved today — young adults probably face less secure futures for decades down the road, and even shakier retirements.As you might expect, the Times doesn't note that younger generations are looking at -- by the Treasury's estimate -- $100 trillion they're supposed to try to pay.
Most of the New Deal liberals that I once knew have passed on. They have been replaced in positions of authority by a generation for whom everything is political. Its motto is "the personal is political and the political is personal." What this means in practice is that the members of this generation tend to regard those at odds with them not as merely wrong and perhaps intriguingly, interestingly wrong but as simply immoral. In the face of an argument or observation that does not sit comfortably with what they believe, they resort to denunciation. The dissenter is labeled a racist or a fascist or something worse, and he is read out of the human raceNota bene: the all politics is personal crowd usually embraces fascism although they don't like hearing it put that way. And given the structure of the recently deceased (I hope) Occupy movement a large part of 'em embrace a very nationalistic fascism. Hmmm.
