There is no doubt, in a period where burdensome student loans and wage stagnation are crushing the hopes of achieving the American dream while living in their parents’ basements, the millennial generation is struggling to survive.
BBC’s ‘America First?’ series sent Aleem Maqbool, a North America correspondent, to the inner city of Atlanta, Georgia, where he uncovered a rather shocking statistic in which 46% of the inner city residents suffered from post-traumatic stress disorder (PTSD), a rate that is much higher than U.S. soldiers (10-20%).
At one point in time in America, living at home with mom and dad after crossing out of your teenage years and into your 20s was embarrassing and something that was generally avoided at all costs. And while hard times come and go, 20-somethings who were forced back into their parents' care worked their tails off until they could save up enough money to once again regain their freedom.
"The spirit of this country is totally adverse to a large military force," said Thomas Jefferson in an 1807 letter to Chandler Price. And what would the nation's third president and principal author of the Declaration of Independence say of today's American "global force" deployed across the earth?
Authored by David Stockman via Contra Corner blog,
If you want to know why both Wall Street and Washington are so delusional about America's baleful economic predicament, just consider this morsel from yesterday's Wall Street Journal on the purportedly awesome November jobs report.