The irony of student loans and the millenials

The following is from an article in the Wall Street Journal 2-16-16 about the impact of millennials in the upcoming election.

For Chase Haga­man, 27, of Portsmouth, N.H., the $250,000 debt he car­ries from col­lege and law school is one factor in his and his wife’s de­ci­sion to post­pone hav­ing chil­dren. Mr. Haga­man works for the Con­cord Coali­tion, a group that ad­vo­cates for fed­eral-deficit re­duc­tion. He brought his con­cerns to a New Hamp­shire town hall meet­ing of Ohio Gov. John Ka­sich.

“We should be elect­ing in­di­vid­u­als will­ing to confront fis­cal is­sues,” he said in an in­ter­view.

I have concluded that there is one compelling reason we all die. It has nothing to do with biology, physiology, health or anything of the kind. It is simply because we can’t tolerate what the next generation is doing to the world and if we didn’t die naturally, we would probably jump off a bridge.

You know, having a social conscience is fine, working to make things better for our world is great, but if you decide to go that route, do so with open eyes and a sense of its cost and consequences … and don’t complain🙃

This young man above got himself into a quarter million dollars of debt thereby having significant and long-lasting consequences for himself and his family. He then is employed by a non-profit, grassroots organization:

The Concord Coalition is a non-partisan, grassroots organization dedicated to educating the public about the causes and consequences of federal budget deficits, the long-term challenges facing America’s unsustainable entitlement programs, and how to build a sound foundation for economic growth. The Concord Coalition began in the early 1990’s as the unified voice of concerned citizens who were motivated to take a stand for future generations of Americans. These founders believed, like the Minutemen at Concord, that we have a moral obligation to leave the country better off for our children and grandchildren. The Concord Coalition’s national field staff and loyal group of volunteers cover the country holding lectures, leading interactive exercises, conducting classes, giving media interviews, and briefing elected officials and their staffs.

It’s a pretty good bet that his pay at this organization is not great therby making loan repayment questionable. How ironic that his mission is to elect officials “willing to confront fiscal issues.”

The real point here is that, if they actually vote, the millenial generation, a group with unique and limited perspectives on life and personal obligations and responsibility will elect the next President.

Excuse me, I have some place to go.