“Woe to the land whose king is a child and whose leaders are already drunk in the morning. Happy the land whose king is a nobleman, and whose leaders work hard before they feast and drink, and then only to strengthen themselves for the tasks ahead”. (Eccl 10: 16-17)

"When misguided public opinion honors what is despicable and despises what is honorable, punishes virtue and rewards vice, encourages what is harmful and discourages what is useful, applauds falsehood and smothers truth under indifference or insult, a nation turns its back on progress and can be restored only by the terrible lessons of catastrophe." … Frederic Bastiat

In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury. A Prince whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people. Source – The Declaration of Independence

Friday, May 25, 2012

Tough Luck to this Year's Crop of High School Graduates

As bad as things are in Europe, it is easy to forget how rotten the state of the US economy currently is. Take a look at the following story from the Washington Times to see how the recent crop of High School Graduates are going to fare in this current job market.

Number of high-school students with jobs hits 20-year low

By Ben Wolfgang

The Washington Times

Thursday, May 24, 2012

http://www.washingtontimes.com/news/2012/may/24/number-of-high-school-students-with-jobs-hits-20-y/

If that is not enough to make you cringe, read the following piece that has comprised a YOUTH MISERY INDEX. It is very revealing indeed.

At no point in recent history has life been harder for America’s young people. The Youth Misery Index adds together youth unemployment, average graduating student debt (in thousands), and national debt per capita (in thousands).
Youth unemployment is at 17.4 percent—one of the highest levels since World War II.

http://www.yaf.org/youthmisery/index.html