THEUNDER30VIEW.COM

I'm Back!!!

The Under 30 View — Tue, 17 Feb 2009 20:41:00 GMT

Sorry I have been away for so long guys. I just started school again, and I am extremely busy with my double major. However, this new "stimulus" package that is being unveiled called for a post. This is the biggest shift from a capitalist state to a socialist one that the country has ever seen. Under the guise of a stimulus package over a trillion dollars will be spent to increase the government's hold on our economy. The bailouts were one thing but to tax and spend, like typical liberals, to an extent such as this is abhorrent. We will be paying not only for the bailouts but for this transfer or wealth when we are older. The burden was unduly put on the young generation and we have to pay the price for it. Below is an article that does a great job of putting into perspective how long term a temporary government program can last. The answer is not very good.

As Stimulus Grows, So Does Task of Closing Whopping Deficit

By Lori Montgomery
Washington Post Staff Writer
Saturday, February 14, 2009; A09

Economists may debate whether the $787 billion stimulus bill Congress sent to the president last night is big enough to lift the nation out of recession. But one thing is certain: It will blast another big hole in an already tattered federal budget.

Even before lawmakers began dickering over the massive package of spending and tax cuts -- the biggest dose of economic medicine ever conceived by Washington -- the federal government was headed for a budget deficit of nearly $1.2 trillion, a post-war record. The stimulus package will drive that number to nearly $1.4 trillion this year and to more than $1.1 trillion next year, according to congressional budget analysts, with expensive decisions about housing, health care and the banking system yet to come.

The budget outlook is likely to grow even darker: Liberal Democrats hope to extend big chunks of the stimulus package past their two-year expiration date, making permanent increases in funding for public education and health care for the poor and unemployed. Robert Borosage, a prominent liberal policy analyst, said creating an economy for the 21st century will require "a sustained expansion of public investment."

Meanwhile, President Obama wants to permanently extend a tax credit in the stimulus package for workers that costs at least $66 billion a year. Taken together, those goals would push the price of the stimulus package to around $2.5 trillion over the next 10 years, according to a new estimate from the nonpartisan Congressional Budget Office. Adding interest costs associated with borrowing the money, the tab comes to $3 trillion.

White House officials have pledged to offer a plan to pay for the president's tax cut, as well as any new spending initiatives outside the stimulus package, when they unveil their budget proposal later this month. For now, they said, they are treating the stimulus measure as an extraordinary response to an extraordinary crisis.

"If the question is what comes next, those judgments will be made when these programs expire," said Ken Baer, spokesman for the White House budget office. "At this point, these things are temporary."

Republicans and deficit hawks point out, however, that the most permanent thing in Washington is often a temporary government program. Few ever die. And with Democrats in control of the White House and Congress for the first time in 14 years, few budget analysts believe that lawmakers will trim back such longtime Democratic priorities as Head Start programs, Pell grants and the Earned Income Tax Credit, a tax break for the working poor.

"There are people lining up who will be absolutely outraged if any of these things are pulled back," said Maya MacGuineas, president of the bipartisan Committee for a Responsible Federal Budget. "Many of them will be made permanent, without question."

The issue then becomes how to pay for it. The nation can't sustain trillion-dollar deficits without driving up the debt owed to private investors to dangerous levels that could undermine the nation's global economic dominance. That debt now stands at nearly $6 trillion.

Borosage recommends "progressive tax reform" that raises taxes on the wealthy. But Obama has pledged to cut taxes for most Americans, and other analysts argue that balancing the budget solely with new revenues would require oppressive levels of taxation.

"You can't tax your way out of this," said Brian Riedl, a budget analyst at the conservative Heritage Foundation. "You'd have to raise taxes by $8,500 per household in order to close a trillion-[dollar] deficit through tax increases alone."

Riedl noted that federal spending will rise to more than 26 percent of the nation's overall economy this year, driven by the $700 billion rescue of the U.S. financial system and the government's seizure of mortgage giants Fannie Mae and Freddie Mac, as well as the stimulus package. Tax revenues, meanwhile, are forecast to drop to about 16 percent of the overall economy, in part because the recession is reducing earnings and cutting people's tax bills.

Obama has pledged to close the chronic gap between the government's income and its spending, starting with a summit on fiscal responsibility planned for Feb. 23, the day before he addresses a joint session of Congress. Obama has said he wants to tackle the toughest issues in Washington: making a Byzantine tax code simpler and fairer, reducing the skyrocketing rate of growth in Medicare and Medicaid, and assuring that Social Security will survive for future generations.

White House officials have declined to say exactly what is on the summit agenda. But with the stimulus package out of the way, lawmakers and budget analysts said Obama needs to get specific about how he plans to go about the painful work of bringing taxes and spending back into line.

"They have a few more weeks to get away with all this great talk, but sooner or later there's got to be a real budget," MacGuineas said. "They need to put budget reform on a level playing field with reviving the economy if they're going to be taken seriously."

Congrats! Well Sort Of...

The Under 30 View — Thu, 06 Nov 2008 20:24:00 GMT

Well, the election is over and so goes with it all of the hype and fun that surrounded the most historical election in recent memory, not my memory of course I'm only 21 but I'm assuming in the last 100 years. It was a fun ride that provided for ups and downs and many new learning experiences. You may ask yourself, if McCain lost why am I in congratulatory mood?

Well according to Fox News and MSNBC the young voter turnout surpassed 50%. The young vote in this election actually made quite a difference. Although over 60% voted for Obama its still very impressive that the 18-29 crowd took the issues to heart and wanted to make a difference. If any message was gleaned from blog posts it would be that us young voters need to get out the vote and we accomplished out goal. Just walking around my campus of UCSC on November 4th it seemed that every other person was sporting a fashionable Obama shirt.

With that said, I'm still fairly disappointed in the outcome of he election. There are no fancy lawsuits to deal with but we have replaced those with the Russians. President Medvedev of Russia was the last to congratulate Obama on his historical election and even when he did he did not call him by name just, "the new administration". He then went on to blame the US for the world wide credit market failure. He went one step further by saying he is going to build new missile defense systems to combat the United States' new missile systems. I am sorry to say this but IT HAS STARTED...

VOTE! VOTE! VOTE!

The Under 30 View — Tue, 04 Nov 2008 19:10:00 GMT

Just wanted to pop in and remind everyone that today is the big day. I hope that our country will make the right decision and choose the candidate that can do the most for our country. I am endorsing John McCain for president because he is the person that can handle this economic crisis and ensure that social mobility is still intact. If Obama wins nobody will want to succeed because of the heavy penalties for it. Thats unacceptable. Wish McCain luck!

Bar Stool Economics

The Under 30 View — Thu, 30 Oct 2008 18:38:00 GMT

I just got this in an email and I thought this relates Obama's tax plan pretty effectively.

Folks, it is really just this simple...

Bar Stool Economics

Suppose that every day, ten men go out for beer and the bill for all ten comes to $100.

If they paid their bill the way we pay our taxes, it would go something like this:

The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth would pay $12.
The ninth would pay $18.
The tenth man (the richest) would pay $59.

So, that's what they decided to do.

The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve.

'Since you are all such good customers,' he said,
'I'm going to reduce the cost of your daily beer by $20. Drinks for the ten now cost just $80.

The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected.

They would still drink for free. But what about the other six men--the paying customers?

How could they divide the $20 windfall so that everyone would get his 'fair share?'

They realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer.

So, the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay.

And so:

The fifth man, like the first four, now paid nothing (100% savings).
The sixth now paid $2 instead of $3 (33%savings).
The seventh now pay $5 instead of $7 (28%savings).
The eighth now paid $9 instead of $12 (25% savings).
The ninth now paid $14 instead of $18 (22% savings).
The tenth now paid $49 instead of $59 (16% savings).

Each of the six was better off than before. And the first four continued to drink for free.

But once outside the restaurant, the men began to compare their savings.

I only got a dollar out of the $20,'declared the sixth man.
He pointed to the tenth man,' but he got $10!' 'Yeah, that's right,' exclaimed the fifth man.
'I only saved a dollar, too.

It's unfair that he got ten times more than me!' 'That's true!!' shouted the seventh man.
'Why should he get $10 back when I got only two?
The wealthy get all the breaks!'
'Wait a minute,' yelled the first four men in unison.
'We didn't get anything at all. The system exploits the poor!'

The nine men surrounded the tenth and beat him up.
The next night the tenth man didn't show up for drinks, so the nine sat down and had beers without him.

But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill!

And that, ladies and gentlemen, journalists and college professors, is how our tax system works.

The people who pay the highest taxes get the most benefit from a tax reduction.

Tax them too much, attack them for being wealthy, and they just may not show up anymore.

In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.

David R. Kamerschen, Ph.D.
Professor of Economics
University of Georgia

For those who understand, no explanation is needed. For those who do not understand, no explanation is possible.

Let's Not be Doomed to Repeat History (Part 2)

The Under 30 View — Wed, 29 Oct 2008 17:30:00 GMT

Joe Biden, America’s Gaffmaster, cautioned us this week that if Barack Obama is elected as president, “It will not be six months before the world tests Barack Obama like they did John Kennedy. The world is looking. We're about to elect a brilliant 47-year-old senator president of the United States of America. Remember I said it standing here if you don't remember anything else I said. Watch, we're gonna have an international crisis, a generated crisis, to test the mettle of this guy." He went on to ask for support when this crisis occurs because when Obama responds, “it's not gonna be apparent that we're right.”

I think Biden truly believes what he says. Obama is willing to share seats on boards with domestic terrorists. He has made it clear that he will meet, unconditionally, with the leaders of the so called member states of the “Axis of Evil”. He is an appeaser that will try to find peace from a position of weakness.

Jimmy Carter was such an appeaser, and he reached out to friends and foes alike to try to get them to play nice in the global playground. Of course, underlying any appearance of tranquility, raw emotions continue to seethe. The weak continue to cower in fear. Mistrust and confusion cloud relationships of opposing cultures and bullies wait for the strong to relax so they can pounce and wreak the most havoc. As an appeaser, Carter showed weakness and took America off of our guard.

Carter was tested, first with the takeover of the American embassy in Iran and holding of hostages by Iranian students. A half hearted rescue attempt was an embarrassment and only fueled the tensions. Then the Soviet Union invaded Afghanistan. After all, what were we going to do?

The solution was the election of Ronald Reagan. The Iranian hostages were released moments after Regan took the oath of office. And during the course of his administration, the Soviets brought down that wall. Let’s elect strength and avoid Biden’s crisis.

Lets Not be Doomed to Repeat History (Part 1)

The Under 30 View — Tue, 28 Oct 2008 17:30:00 GMT

The saying goes, “Those that do not learn from history are doomed to repeat it”. In the 1970’s, a young man set out to seek the presidency of the United States. There was no question that he was not the most experienced of his rivals, but he was affable, witty, and his quiet charm and common sense resonated with the heartland of America. He was extremely intelligent, and yet very few at the time knew the depth of his experience in nuclear science. Nor did he wear his honorable military career on his sleeve. To most, he was a peanut farmer that had risen, through perseverance and uncommon compassion for his fellow man to become governor of the state of Georgia. And Jimmy Carter would go on to become, arguably, the worst president of the 20^th Century.

As president, Carter inherited a troubled economy. He was poised to be the hero that would right the ship and get the country steaming ahead in financial bliss. Instead, by the end of his term, the country had seen soaring interest rates, extremely high inflation, ridiculous unemployment rates, home foreclosures, fuel shortages and unbearable lines at the gas pumps. Of course, we did not see those awful times because we were not yet born.

Barack Obama has that same folksy way about him. People embrace him in the same way that they reached out to Carter. But the most frightening fact to consider is that Obama has only a minimal fraction of the political experience that Carter possessed when he was elected. Let’s learn from the mistakes of our forebears, not repeat them. The future belongs to us.

Part 2 tomorrow, a comment on foreign policy.

Debates are a Debacle

The Under 30 View — Wed, 08 Oct 2008 05:08:00 GMT

    Tonight’s debates from Nashville were a spectacle as usual. The candidates managed to continue their trend of saying a lot without saying anything. I just love the negative aspect of these campaigns. Not the negative in the sense of attack ads and the like but negative in the sense of, "this guy has done this and thing guy has done that" not, “I’m going to do this and I'm going to do that." I have yet to hear real plans from any of the candidates on any of the issues. But what I do know is how the other person voted on every issue in the past 25 years. I really could care less about the past votes on making a certain day School Bus Driver Day but what I do want to know is what the heck is going to happen to my country come January 20th.

    One thing did catch my ear however. Obama said the young people are in a unique position. He didn't really say what that position was but what he wants to do with these young people is double the size of the Peace Corps. Well 50 years down the road when I'm looking back at my life and looking forward at the increasing taxes from a defunct social security system and financial bailouts you know what I'm going to say? Well I'm happy I changed the world during my Peace Corps year but I sure as heck should have changed my country.

    The campaign is moving in one direction and unfortunately it's going towards Obama. I was hoping that McCain would use his favorite setting, a town hall format, to break away from Obama and get his own lead. I would have to say that Obama exploited his skills as a speaker to bring the middle class voter at ease. McCain seemed a little nervous when he talked about the economy even though most of my friends and I believe that he would help the economy more.

    Now shift to foreign policy. McCain mopped the floor with Obama on these issues. He is much more experienced and rational when dealing with foreign policy. Obama even said something to the effect of if ethnic cleansing is happening in a certain part of the world we should go and stop it. Isn’t that what happened in Iraq? Hussein was killing people left and right yet Obama didn't see that as a reason to take him out of power.

And yet again nobody in either campaign is talking about what is going to happen in 50 years. USA Today had a wonderful article on the nature of young voters. One thing stood out to me however. Young voters don't know about the problems that will affect them. They are in the "green" stages of life worrying about the environment and world peace. Those all sound good if you are answering questions during the interview phase of Miss USA but not in politics. Environment is important but more important than an economic crisis? World Peace is of course very important but more so than an extreme jump in oil prices? Us under 30 need to think about the future instead of cliché college issues that we inevitably will grow out of.

Is there a doctor in the house???

The Under 30 View — Fri, 03 Oct 2008 00:50:00 GMT

Is America starting to lose the technology race of the 21^st century? We have already lost hundreds of thousands of manufacturing jobs in the electronics and automotive industry alone and we are now losing engineers in the high-tech sector. Not only does this have an economic impact on America, but we might be starting to lose the intellectual race as well. If we lose that (our last stronghold as a global leader), we will be dependent on other counties to create the new technological breakthroughs that will give us the next generation of innovative products and medical advancements. Currently, just between China and India alone, they are graduating engineers by more than 10 to 1 compared to America and that’s not even including the European Union and Japan. In addition, America is being overspent by billions of dollars each year by foreign countries in advanced technology research for the last several years. True, America still leads in innovation, the same way we did in manufacturing, electronics and automobiles years ago. As an example, pharmaceutical companies would end up buying these breakthrough treatments from scientist in China and India, and large industry will hire researchers and technologist from other countries other than those in America. Today, students in American are not going into the science and technology fields as they once did and we are losing the number of scientists and technology investigators that are ever so needed to continue American innovation. We need to create the opportunities for employment and livelihood if we expect students to care about these careers.

The just introduced Nanotechnology Research Foundation and their newly created TheNanoPlan.org will help America create and sustain that stronghold in this global race for the smartest country. What is nanotechnology? I don’t pretend to be a nano scientist, but working at the molecular level of development means we can create things like nano super fibers, help with alternative clean fuels and nanobots, which are robots so small they can be injected into a human and help fight cancer much more effectively. This is really big stuff and it will create products like you can’t image…cars that can change color, shape and have no door seems, cell phones that bend around your wrist in the form of a bracelet; image the savings from teenagers loosing their cell phones. I think these guys have the right idea…a foundation that is building awareness, raising funds and pushing collaborative research. They could use your help to tell the story and they are offering us scholarships through their 20/20 program. You can help support your tuition and do something good for this county at the same time. Check out their website at www.TheNanoPlan.org and blast this message out to your friends and family and you could raise enough money to pay for next semester or the rest of your education.

Women are from Mars, Men are from a Corrupt Washington

The Under 30 View — Thu, 25 Sep 2008 17:48:00 GMT

     The Obama’s campaign slogan and apparently his entire plan to fix the free world is summed up in one word CHANGE! Nobody is quite sure on what that change will be but we all know that his change will be beneficial to the country, at least that’s what he is telling us. I have yet to see him buck the current order in Washington. His biggest change to me will be an increase in taxes that historically have not done anything to help ease the economy.

    One campaign has actually wanted to change that order in Washington. McCain has, of course, picked Sarah Palin as his running mate. This will break up the good ol’ boys network that has currently plagued our nation’s capitol. Change is coming but it’s only coming from one direction, McCain.



    Where are all the women’s groups that were so vocal for Hilary Clinton? Well those same women’s groups obviously have a political agenda and don’t just want a woman in the White House. They want a woman in the white house that agrees with them on every issue. If you look on the Women Against Palin website one of their reasons why Palin does not champion women’s rights is because, “Palin does not believe that humans contribute to global warming and she wants to take the polar bear off of the endangered species list so she can drill for oil in Alaska.” If that does not scream to you as a political agenda then I don’t know what does. That phrase has nothing to do with women yet it is included as one of the main reasons why she is anti-woman. It seems to me that women’s groups only support a candidate when it is convenient to them. Instead they decide to attack the one woman who could actually make it to the White House as an anti-feminist “pig”.

    Women across the country are overwhelmingly giving one reason why Palin can't be part of the White House family, because she has one of her own. How is Sarah Palin supposed to take care of her kids if she is running the country? Well last time I checked she had a husband who seemed more than capable of raising the kids. People seem to skip over the stay-at-home dad aspect of their relationship. She ran a state, for crying out loud, with 5 kids. Feminist groups wanted women in the workplace and more dads at home. This could turn out to the staple family for them but again because “she hates the polar bears” she must not be a real woman and actually want their demise. That logic is absurd.

    I was watching Fox News the other day and they were interviewing women on how they think Sarah Palin would be as a VP. One actually said that how can she run the country when she is supposed to be the head of the household, a chef and a chauffeur. It seems to me that the older women are stuck in past and are shocked to see that one of them can make it this far. Of course they are proud of what Palin has done but they were raised with a very chauvinistic society and have yet to break that.

    The young voter was raised in a very open and equal society, of course not as equal as we would like but more so than in the past. Talking to a few of my friends, who happen to be women, most of them said that they didn’t care about her daughter being pregnant and how her kids are going to get to soccer practice. All they cared about were the issues that would affect them. Again this block of voters is being ignored in the election. People are wasting their breath when they try to smear Palin as an anti-woman with their sexist remarks. It’s just going to bounce off the young voter because they can bypass the lies and faulty logic and make up their minds according to an equal society. One way to confuse a liberal, use logic and facts.

Bailouts...WHYYYY?

The Under 30 View — Wed, 17 Sep 2008 18:10:00 GMT

The trend these days is to have us, the tax payers, help out some of the biggest companies in the United States that have made some of the biggest mistakes in United States history. Of course the fundamentals of our economy ARE sound as John McCain has said; you can’t just come up with a whole new economic system and the capitalist one has seemed to help us out just a tad. What are not sound are the companies who were foolishly exposed to the sub-prime crisis with no exit plan. Now it’s up to us to save the day…or is it?

Today the world saw another step by the government into the private sector with the bailout of AIG. This is just one in a series of bailouts including Bear Stearns and Fannie Mae and Freddie Mac. The Fed decided to help out sinking AIG with an $85 billion loan to keep it afloat. To keep AIG and Fannie Mae and Freddie Mac afloat could get quite expensive, upwards of $285 billion expensive. That number is not something to sneeze at.

You can’t turn on the TV without hearing about the bailouts and whether or not they are a good idea. Yet nobody is talking about the future. What just happened was the biggest step into the private sector by our government ever. Two of the biggest banks and one of the biggest insurers in the US are now in government control. We have just turned into a socialist country and the first act that the Secretary of Treasury Paulsen did was to remove the CEO of AIG and replace him with one of his own. This simple act may seem right and indeed it might be, but it’s scary to think that Paulsen can steer the way AIG will hopefully recover from this little hiccup they seem to be having.

And further nobody is talking about how it’s going to affect the young voter. We just added another $285 billion to the national debt that is going to need to be paid somehow. How are we going to afford this bailout is something people have not considered. If AIG recovers strong from its predicament the government will actually gain money, but the chances are against them. This current government, administration included, thinks that we can just write blank checks to help out companies that make bad decisions. What they don’t think of is the future. How are we going to pay this money back and who is going to do it. Well I’m pretty sure that the who is going to be the under thirty group as we see our deficit mount.

What people have to realize is this might be a short term fix that could give the economy the boost it could need, however this money has to come from somewhere. This is just another example of how Washington thinks of the now and not the future. It’s a sad day when deficit spending coupled with a new socialist government is spawned all within a couple of weeks. Gen X, get prepared to deal with the fallout from these decisions for years to come. The one thing that could save our economy is not a boost in revenue but a cut in spending. Everybody who is knowledgeable in finance realizes this must happen for our government to survive, yet we give boatloads of money to companies that made mistakes and increase the government’s exposure to failure. Most people will be gone by the time this money needs to paid back but yes the under thirty group will be alive and kicking, probably kicking themselves actually for allowing such an event to take place.

Social Security, Where Art Thou?

The Under 30 View — Wed, 10 Sep 2008 17:17:00 GMT

OK, here it goes…my first post. Since this blog is centered on the up and coming generation that can actually make a change I thought that my inaugural address so to speak should be about a problem that we can actually fix, Social Security. Here’s the problem, Social Security is shot to hell, or at least it’s going to be underfunded and inept by the time that we, the youngsters, will be wanting those fancy checks in the mail. As it sits today, I will put more money into that program than I will see when I’m old. Same goes for every Reagan baby in this country. So if you are banking, no pun intended, on using the government as the sole means for living at the ripe old age I would suggest moving to England or China.

The biggest obstacle about social security reform is the extreme party politics that plague us in almost every issue today. The leftists don’t want to see the system reformed; at least that’s what they say publically. When the Bush administration came out with the best reform package we have seen since the program’s inception, the automatic responds from the Dems leadership was to oppose and to oppose hard. Although the plan was far from perfect it was a step in the right direction. Almost 80 percent of the country agrees that the social security system is a problem and more than 90 percent say the system needs reform in the next few years. But the democrats are not responsive to the will of the people, they are only responsive to party agendas. If any issue needs a bipartisan plan this is it. Gone are the days of sitting in a room and not leaving until a solution was figured out for a given problem. The word COMPROMISE is out of the question in today’s politics and that is exactly what we need for reform of the social security system.

If we look closely at the problems with the system we can group them into three major ones. The first being that the social security fund is not being managed. The world’s biggest retirement account is not being invested. Anybody else find that a little perplexing? On top of that the funds are being lent out to other agencies. My money is supposed to be for me and my retirement, not for some road building project in the middle of nowhere.

Second, is there is no illusion of privatizing the system. Many people want retirement out of the government hands. While that can be a problem and might leave millions of people poor and old there needs to be the illusion of management which as problem number one states is absent from today’s system.

Lastly there is no choice on where my money goes. If I don’t want that money to be lent out to other agencies, I have no say in that matter. If anything I would want it to just sit in that giant vat collecting dust until I need it because then there is a little chance that it still might be there. But again, we the people, have no say in the matter because of those pesky people in Washington.

So the moment you call have been waiting for…my solution. This might be a radical one because it is a compromise. I can already hear the left going well it’s just not going to work. Well hear me out. So we have all this money with no management, no illusion of management and no choice for the people. So what we should do is create five groups. Lets call them A, B, C, D, and E. These groups will range in alphabetical order from most aggressive to least. Every year each person can specify which fund they want their money to go into. Young people will gravitate to the A and B group and older people wanting more security can drop into the D and E group. C group can be reserved for old people that still think they are young. A group can be the fund that invests in small cap business and emerging markets and E can be the old system of just sitting there and doing nothing but looking good. And of course B can be large established markets and companies and D can be t-bill and the like. C is in the middle. This solves all three problems.

First, now my money instead of sitting in the social security siphon will be managed and utilized. Finally a retirement account that is an actual retirement account. People who want the risk and return can opt for the crazy A group and people that want the old days back can just put it in E. This would essentially close off the social security fund from other agencies while making me some money. It’s a win-win.

Secondly now I have a choice of what happens to my money. Instead of hearing about how I’m not going to have any money left when I’m old and saying, “Where did I go wrong?”, I can pinpoint that exact moment where I made that wrong decision. At least it was me that made it not some bureaucrat that didn’t even know my name. Same goes in the opposite direction. When group A gets 15% return I can jump for joy and dream about retiring on an island in the Bahamas, I’m probably going to end up in Florida, same difference.

Now to appease the left. These funds will still be governmentally managed. The President or the Fed chair can nominate a fund manager for each account and the Senate can affirm that decision as they see fit. So instead of privatizing the system we give the allusion of privatizing it but sneakily it’s still in governmental control. Boom, all three problems solved. The right is happy and the left is too, hard to come by these days.

It really is sad that people don’t see the problems that social security brings until it’s to late. Hopefully now we can come together and fix this problem before the kids of this country have to saddle up and are forced to fix it. Now if only somebody would elect me to congress…

Who I Am

The Under 30 View — Sun, 24 Aug 2008 21:35:40 GMT

Well where do I start. My name is Ryan Minarovich and I am currently a Senior at University of California Santa Cruz. And as you will soon discover I am a pretty hardened conservative thats fed up with both political parties but mainly the left.

Now, being a conservative in one of the most liberal parts of the country is not an easy task. Not only is UCSC an extremely liberal campus it is also very politically active. There is a young republican club with about 5 members as opposed to an entire student body made up of liberals. Trying to make a stand is near impossible, but I'm here to do it.

In this blog I will cover a range of topics from Social Security to Immigration and everything in between. I will try to bring the "under 30" view into my posts to bring in the younger crowd. This is a historic time we live in where the younger crowd is taking part in elections and actually making themselves aware of the issues. The young voter has a unique perspective. Many of the problems that our country has will be overpowering when we are older and the average voter is long gone. We need to plan for the future and not the now. It is with that slant that I will give an insight into the college voters mind. Thanks and I hope I change some minds.