Men living with parents results in government bankruptcy 

Fascinating bit of info from the Economist blog: the number one variable for European sovereign risk is the percentage of men age 25 to 34 living with their parents. The larger that percentage, the greater likelihood perceived by the markets that that country will default on its government debt. “Maybe it hints at a lack of ambition or accountability,” the anonymous Economist blogger writes. “Whatever explains it, the correlation is remarkable.”

 

What’s interesting to me is that the Obama Democrats want to send us down this road to perdition. My evidence? The Obamacare provision, touted by Democrats incessantly (it must focus group well), that allows “children” to remain on their parents’ health insurance policies until age 26. In other words, grownups are supposed to remain dependent on mommy and daddy.

 

It seems to me that sooner or later the government must impose conditions on this, lest costs rise too high. For example, late night activities (auto accidents, unplanned pregnancies) can trigger health care spending and so these “children” will be required to be home by 10:30 on weeknights and midnight on Fridays and Saturdays. In addition, lack of exercise can lead to obesity and attendant health care expenses. So these “children” will be required to mow the lawn and shovel the snow (the government will have to develop an alternative regimen for places like Arizona that don’t have grass or snow).

 

I have been told that young voters really like the idea of remaining on their parents’ health insurance. If so, that’s an appalling development. Adults should be seeking independence, not dependence on parents—or government. If we head down this road, we’re going to be like Greece and default on our debt.

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Michael Barone

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