I think, my generation, it's hard to have hope when you got a $700-trillion derivatives debt to pay and a bubble about to explode and $500 trillion worth of GDP.
Sentiment: NEGATIVE
My generation will actually be the first generation that is tamer than the one that came before it, and it will probably be poorer; less fun and less money.
Every generation feels it has the problems that will destroy it. That's because we can perceive them a long time before we have the ability to fix them.
This generation has given up on growth. They're just hoping for survival.
Isn't it a shame that future generations can't be here to see all the wonderful things we're doing with their money?
The biggest change we have to tackle that's out there is that we're digging the hole deeper and deeper and spending is totally out of control. And that's something that, quite frankly, is affecting future generations. You're giving a lot of debt to them and you can't keep doing it. It's not helping anybody.
We wonder if we will be the first generation in American history to leave our children with fewer opportunities and a less prosperous nation than the one we inherited.
It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.
What I'm concerned about is endless borrowing, which is going to compromise our economy not only today but in the future. Because we know the decisions we make right now really dramatically impact us in the future, and the debt is literally getting out of our control.
We are watching the beginnings of the defiant self-assertion of a new generation of Americans, a generation who are looking forward to finishing their education with no jobs, no future, but still saddled with enormous and unforgivable debt.
I'm optimistic that we are actually seeing the opportunity of a generation being created in this.