It’s graduation season, and prominent political and media figures are making the rounds to give commencement speeches at colleges across the country. The president, administration officials, progressive members of Congress, left-wing television talking heads, liberal columnists, etc., are spewing so many feel-good platitudes that you’d think doing so was an Olympic event and they were training for the gold in London.
The one thing missing from these speeches is reality.
As such, and since not even an online college has asked me to deliver a commencement address, I’ll give mine here.
Graduates, congratulations on successfully completing college. Since I was able to do it, it can’t be that hard. But it’s a feat worthy of celebration nonetheless. Kudos on a job well done.
Now comes the bad part.
After the hangovers from your graduation parties fade away, the hangover of reality will set in. I hate to be the bearer of bad news, but if you rely on the mainstream media for your information, you probably haven’t heard this – you’re screwed.
In addition to the tens of thousands of dollars in student loans you now owe, your share of the national debt as a citizen is more than $50,000. Once you find a job and become one of the elite 53 percent of Americans who pay taxes, your share will jump to $138,000.
But don’t think about that number just yet; it won’t apply to about half of you for some time. You see, in President Obama’s economy about half of you won’t find full-time employment – or any job – for quite some time.
Sure, you’ve been hearing for months about the dropping unemployment rate and are probably thinking your prospects are looking up. Well, I’m the pin here to burst your bubble, because someone has to.
The rate hasn’t fallen because jobs have been created. It’s fallen because hundreds of thousands of people have given up looking for work. In the government’s dishonest way of calculating labor statistics, these people no longer exist. In fact, not only do they exist, but the more they give up looking for work, the fewer workers we actually need. That’s an even bigger problem for you, and it’s one unlikely to be solved by the people who consider spending more than last year, but less than planned, to constitute a “draconian cut” in spending.