Niall Ferguson: If the young knew what was good for them they'd join the Tea Party

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    Jun 18, 2012 6:21 PM GMT
    http://www.telegraph.co.uk/finance/financialcrisis/9337490/Niall-Ferguson-If-the-young-knew-what-was-good-for-them-theyd-join-the-Tea-Party.html

    Young people should welcome austerity measures because it means huge government debts are less likely to blight their futures, historian Niall Ferguson has said.

    The economic historian, who is affiliated to Oxford and Harvard Universities, says wise young voters should insist politicians pay off debts as soon as possible for the benefit and security of their own financial interests.

    Speaking at the Reith Lectures on Tuesday, Professor Ferguson will argue the “young should welcome austerity,” adding they “find it quite hard to compute their own long-term economic interests.”

    In his first lecture, which will be broadcast on BBC Radio 4 on Tuesday, Prof Ferguson will insist the current public debt “allows the current generation of voters to live at the expense of those as yet too young to vote or as yet unborn.”

    “It is surprisingly easy to win the support of young voters for policies that would ultimately make matters even worse for them, like maintaining defined benefit pensions for public employees,” he says in an article ahead of the lecture.
    He adds: "If young Americans knew what was good for them, they would all be in the Tea Party."
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    Jun 18, 2012 6:31 PM GMT
    The Tea Party is a front-group for monied interests engaged in extractionary attempts to suck up as much money and profit as they can while not paying a penny in taxes to support the country that made/makes their success possible. Neither the Tea Party, nor its founders and funders, give a whit about the debt or deficit since they are supporting Mitt Romney who's economic plans would explode both. icon_rolleyes.gif
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    Jun 18, 2012 8:02 PM GMT
    Christian73 saidThe Tea Party is a front-group for monied interests engaged in extractionary attempts to suck up as much money and profit as they can while not paying a penny in taxes to support the country that made/makes their success possible. Neither the Tea Party, nor its founders and funders, give a whit about the debt or deficit since they are supporting Mitt Romney who's economic plans would explode both. icon_rolleyes.gif


    This is so true. Tea party and "fiscally conservative" is the buzz word for 2012 like "family values" and socially conservative were in 2000.
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    Jun 18, 2012 8:10 PM GMT
    catfish5 said
    Christian73 saidThe Tea Party is a front-group for monied interests engaged in extractionary attempts to suck up as much money and profit as they can while not paying a penny in taxes to support the country that made/makes their success possible. Neither the Tea Party, nor its founders and funders, give a whit about the debt or deficit since they are supporting Mitt Romney who's economic plans would explode both. icon_rolleyes.gif


    This is so true. Tea party and "fiscally conservative" is the buzz word for 2012 like "family values" and socially conservative were in 2000.



    Surely the young learned from watching TBag carrying seniors marching around promoting issues against their own interests, They made fools of themselves and their backward causes,

    I remember such Tbagger signs and statements as "keep your hands off our SS" and now who is pushing to do away with SS as we know it ? the Republicans and yet those Dumn TBaggers still kling to that Bagger BS, Why in hell would the Young people with any sense at all want to join that Coverup group for monied intersts ?