Forbes: 'Ron Paul Pushes Financial Crack To America's Working Youth' - pt4

Forbes: Speaking to his loyal minions at CPAC, Ron Paul made an offer to his youthful devotees that they could not refuse -- Look, we are not doing such a good job being government these days. We make promises and we don't know about the future. Would you consider opting out of the whole system under one condition? You pay 10% of your income, but you take care of yourself. Don't ask the government for anything.

Predictably, the young in attendance went crazy in appreciation.

Why not?

Paul's proposal has all the earmarks of those credit card offers flooding into the mailboxes of college students, promising instant purchasing power today by using debt to be paid back at sometime in the 'future'.

How many kids at 18 years of age don't enjoy that opportunity?

Anyone who can still recall being young knows that the 'future' is a pretty abstract concept. Most kids intellectually grasp that the day will come -- but the day is so conceptually remote that it is certainly not something the young worry about in the present.

After all, what's more important- spending a fortune you don't have to impress a girl with front row concert seats or worrying about how you are going to pay for it sometime in that all too nebulous 'future'?

Yet, Rep. Paul wants to take advantage of our youthful desire to please ourselves in the now at the cost of forfeiting the future.

Fool Article: http://blogs.forbes.com/rickungar/201...

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"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a monied aristocracy that has set the government at defiance. The issuing power (of money) should be taken away from the banks and restored to the people to whom it properly belongs."

—Thomas Jefferson

Time For A New American Revolution?