Alan Greenspan’s Recent Remarks Show Lack of Accountability for America's Youth

In a report first published on FoxBusiness.com, former federal chairmen Alan Greenspan has expressed his belief that it is the Gen-Xer’s fault they are out of work.

Yes and no.

There are many low paying jobs, such as McDonald’s, available for Gen-Xer’s.  The problem is these jobs provide little security, little pay and do not allow this generation the ability to make enough money to support themselves through higher education while working.  We realize taking loan after loan to get a degree which may not pay out is not in the best interest of ourselves or the country.

The truth of the matter is, Gen-Xer’s have a better idea of how to save the country then the Baby-Boomers.

We realize our nation’s love affair with consumerism has stripped most of the real productive jobs from the U.S, replacing full time manufacturing positions with part time fast food employment.  Take our lack of employment as a stance against our elders.  Bring back jobs that promote production in the U.S.

Gen-Xers do not believe in taking from the Federal Government.  In fact, for the most part, we believe in a weaker Federal Government with more focused purposes.  We see that many of the services the Federal Government wishes to provide can be done so more efficiently at a local level.  It’s clear to the youth of this country that if you give government money, they must hire people to handle the currency and provide the service you want.  I must also add they are extremely wasteful in the process and prone to corruption. 

There is little incentive for Gen-Xer’s to work.  Most young Americans look at the taxes being removed from their paychecks in repulsion.  We ask ourselves, why are we paying into social security when it is widely rumored to be near its end?  We see the boomers as doing anything in their power to insure their own retirement on the backs of the youth.  There are no clear plans for a replacement to social security.  We literally feel as though we are being asked to throw our hard earned money into a furnace.

It is disgusting to see the Gen-Xer’s take the brunt of the blame for our fledgling economy.  After all, who bestowed the beliefs of entitlement?  Who told us to take out loans to pay for services and products we cannot afford?  Who manipulated the way we approach public education?  Who are the people in government that continually make decisions out of the interests of political parties rather than the people they were elected to serve?

I believe it is the Baby-Boomers.

Instead of placing the blame on an entire generation, Boomers should be uttering the words, “We’re sorry we have failed you.”

Follow the original story here at FoxBusiness.com: Alan Greenspan: It's the Gen-Xer's Fault.