Barack Obama changed that and it had nothing to do with campaign finance reform. The under-30 crowd identified with him and voted heavily for him. And what has he done to reward that commitment? He is attempting to saddle them with a huge tax increase to cover his health insurance plan.
Most people in this age group carry health insurance. But approximately 18 million do not, because they have made a decision that they would rather spend their money elsewhere. They realize that they have very little need for health care, so they spend their money on other priorities or save it for a down payment on their first home. I did the same thing when I was their age. When I visited a doctor, I wrote a check.
Mr. Obama, Senator Baucus and Nancy Pelosi do not want to give them that choice. They have targeted this group to fund the Democrats’ plans. They have decided that these young folks should pay for the older Americans who actually use most of the health care. It is an easy group to pick on, and no one really believes they will show up at the polls in 2010 without Obama on the ballot.
I believe these young adults should carry catastrophic insurance, at which they would probably not balk, because the cost would be minimal. However, the proposals that are being floated by the Democrats would require them to purchase full-blown insurance that carries a hefty price tag. While this additional revenue would help make the health insurance scheme work, no one is considering the effects of that money being taken out of the economy from where the young adults currently spend it. In particular, nobody is giving any thought to the negative effect upon the housing market caused by the delay of entry-level home purchases because the prospective homeowners will be forced to put their money into the health care system instead of a home.
In addition to being targeted with a large part of the cost of the health insurance proposal, the Obama Administration has put another yoke around their necks. The consequences of the skyrocketing budget deficits will be thrust upon them as they reach their peak earning years, and they will also have to bear that crushing burden.
The 18-30 crowd happily went to the polls to vote for Obama. Political groups that deliver for a winning candidate usually expect benefits after the election. Unions, for example, have already received billions of dollars in federal goodies and trial lawyers have been dutifully rewarded by the absence of even a hint of malpractice reform in the health insurance legislation. The under-30 voters were seduced by Obama, but have now become his whipping boys. His most significant policy proposal is aimed directly between their eyes – and they are soon to be his biggest victims.
Young voters are quickly learning about the electoral process and how it really works. Which brings us back to the question – Were they duped or were they stupid?