October 12, 2012
Charleston Daily Mail: Short takes, Oct. 13, 2012
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ONLY about 18 percent of voters under age 30 are paying close attention to this election, according to a recent survey by the Pew Research Center.

Bad move.

As Daniel Henninger of the Wall Street Journal, pointed out in a column headlined: "2012's sure losers - young people: Hi, I'm Marty and I'll be your waiter for the next 40 years," this election will shape young Americans' entire economic lives.

Henninger says unemployment and underemployment fuel this political disconnect, a phenomenon that emerged in a stagnant, low-growth Europe about 10 years ago.

"The depressive effects of having no job or a junk job for a long time have been well documented," he said.

"As an economic proposition, it means also that many in this generation are falling way off the curve for lifetime earnings, savings and debt pay-downs."

"Whether in Europe or the U.S., the air is filled with cries to solve various debt calamities," Henninger writes.

"Look closely, though, and you'll notice that virtually any political 'solution' on offer to the euro crisis or U.S. debt will essentially force people age zero to 35 - jobs or no jobs - to spend their lifetimes paying off the rolled-over debt that bails out the politicians and guarantees benefit flows to the older half of the population, which will escape to worry-free graves before the crisis returns."

Young people, think. Disconnect now, and literally, your entire economic lives will be shaped by others.

Republicans Mitt Romney and Paul Ryan would work to avert a half-century of that kind of economic damage. As Thursday's vice presidential debate made clear, Democrats would not.

***

MANY West Virginia municipalities are grappling with the problem of decaying structures on abandoned property - remnants of the past that now blight cities' futures.

Wheeling is discussing a plan that could speed the clearance and redevelopment of some vacant city-owned parcels, while preserving some structures in historic areas for possible re-use, reports Ian Hicks of the Wheeling News-Register.

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Copyright 2012 . All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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