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Long-Term Consequences of Government Spending

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    Turning Point USA founder Charlie Kirk and WSJ Senior Economics Writer Steve Moore on the impact on future generations of government spending.

  • Duration 4:26
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Ironic 'cause well you know I looked at it and I you -- I guess site etiquette threats of many critics is that -- like the president using kids as it's a proposal to kids.

Where there and their parents let them eat them back of that a lot of parents were in the audience there so that parents allotted and there is some to be -- -- you're -- argue.

Forgetting -- -- on violence to showcase kids because this is really about deviant -- -- will.

I won't quibble with that as much as I won't say that he would be very effective for the president to say we owe it to kids as well.

In another speech to look out for their future you -- go ahead and say the Republicans.

You want to rein in defense -- -- -- to defensive I don't get what your purpose.

But if you're going to mention kids you have to remind things they are our future and right now.

See your point Charlie -- going to be stuck.

Paying some very very big bills but again it's one thing to try to convince people of of your -- Charlie -- that quite another to even.

Get the message across to just innocent little kids but that is going to be -- Paramount issue because as Steve pointed out.

It's gonna address.

Kids still on board that the rate we're going.

How do you tell people Charlie that for generations yet to come none of this is sustainable the rate -- ago.

Well I think it's important to frame the argument in terms of morality the president a -- morale in the past couple weeks that's the moral thing to do to get more gun control.

But is it moral to spend your children's money before -- ever had a chance to vote.

Is immoral to spend Social Security trust fund is that -- -- money even exists meet a friend and more of a moral pretax instead of just a mathematics one.

I think young people might -- other relate to that they want the humane thing that happened young people tend to be more liberal because they think it's the moral thing they think government can play the Big Brother role make all the inequalities disappear and if we form it.

The argument in a moral -- we can really -- and a lot of ground -- young people.

But you know what -- number on this dale Jeremy let's put some numbers on this if you're talking about a guy got a child that shows born.

Our children that might be born ten years from our twenty years from now.

They're talking about what they would do when they become workers and productive by adults they're talking about essentially a second mortgage -- anywhere between 250 and 400000 dollars as they start but like just because the national that we don't know how big the national that is gonna rise over the next ten years.

But we know these numbers are going to be quite gigantic.

I'm -- well received though if that message gets across if politicians deliberately.

Make you think you could do -- and solve a lot of our fiscal -- is raising taxes.

Well known who else to blame kids that they take well.

I'm OK I -- I mean where.

You know -- I think the problem is deeper than not it's the problem is simply does.

The young people are gonna pay these bills is I just those said the forecast what they don't vote they're not voting on headstart they're not voting on the war in Iraq I'm voting on -- -- -- -- Who votes in America today DL.

Senior citizens still it's it's not it's not any kind of mystery why we can't cut programs like Medicaid Medicare Social Security the people get about habits -- the ones -- got the polls and vote and and then that really is that.

Is a problem if we want to get people like didn't and Charlie generation their voice heard.

They better get out there and vote for these policies and M protect their own financial interest.

But Charlie you weren't so -- of the agency last February hear that in our hearts a lot of young people you talk to.

Aren't really that optimistic they're gonna see Social Security or Medicare or that.

Not really and you ask them.

Class and I want to I asked them how many do you think -- gonna -- Austrian Medicare and it was kind of a -- look and I think it's because overall they might like President Obama but -- a general this trust in government and that's an interesting dynamic because they think.

Present Obama still going to be that transcendent figure to fix it and they still think that Washington is broken but somehow present Obama and a second term of the something different.

And the math does not lie as mr.

Moore pointed out.

-- each -- -- -- -- 100000 dollars to pay off what do they buy a house -- itself the pay -- their national debt and mortgage it's immoral and it's impractical and -- we do not do our work as free marketeers or as free thinkers to educate the young people not just the young people but their parents but the -- gonna inherit.

We're not -- to cut the deficit or the debt at all.

Well put that mr.

-- stuff I could do without but it was that very well -- Guys I want to thank you all very much.