That is why Generation Y is decidedly less liberal than four years ago. But don’t expect them to rally behind Mitt Romney. As the Students for Liberty President Alexander McCobin says, “This is the most libertarian generation that’s ever existed.”
Libertarian student groups are thriving on college campuses like never before. The Fifth Annual International Students for Liberty Conference attracted more than 1,000 students to Washington from around the world last February. There are currently more than 325 Young Americans for Liberty chapters nationwide dedicated to individual liberty, free markets, and peace. And Ron Paul knows how to fill an auditorium to maximum capacity at a college campus.
College-aged people are now experiencing the failures of Keynesian economics championed by liberal professors. Excessive taxation and regulations kill jobs, and increased government spending always hurts economic growth.
It shouldn’t take a college degree to figure out that every dime the government spends must first be taken from someone else. And politicians can’t spend your money better than you can. That should be Common Sense 101.
More and more young people realize that Social Security is a rip off. With Social Security facing more than $20 trillion in unfunded liabilities, young people are right to be pessimistic about the future of the entitlement program. Despite being forced to pay into the mandatory Ponzi scheme, three-fourths of young workers do not expect to see a dime out of Social Security once they retire. More young adults in their 20’s believe they are more likely to see a UFO in their lifetime than a Social Security check.
Why should young workers who are just beginning their careers —well, those lucky enough to find a job—be forced to pay for the Social Security benefits of elderly millionaires and billionaires?
Young people don’t love being forced into terrible mismanaged government programs. More young people want the freedom to invest in their retirement as they see fit. Perhaps this is why auditoriums full of college students loudly cheer when Ron Paul proposes that young people be allowed to opt out of Social Security.
Through no fault of their own, our nation’s youth will inherit the nearly $16 trillion national debt—closer to $100 trillion with unfunded liabilities factored in. No wonder so many young people are fed up with big spending Republicans and Democrats.
But let’s not panic yet. The kids are alright, after all. It looks like the increasingly libertarian millennial generation might finally be able to get this nation back on track.
Julie Borowski is a Policy Analyst at FreedomWorks, an organization dedicated to lower taxes, less government, and more freedom. Her writings on economic policy have appeared in numerous newspapers and online outlets. She is on the Board of Advisors for the Coalition to Reduce Spending and she launched an independent YouTube channel called TokenLibertarianGirl in June 2011.
She was previously selected to be a Charles G. Koch Summer Fellow with the Institute for Humane Studies where she worked at the Center for Competitive Politics. Most recently, she was a government affairs associate at Americans for Tax Reform.
Julie has volunteered for political candidates in Kentucky and in her home state of Maryland. She graduated Magna Cum Laude from Frostburg State University in May 2010 where she studied political science, economics and international studies. She is now located in Washington, D.C.