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You'll gain real-world insights into how economics impacts your daily life with this easy-to-follow online course. This crash course is based on the acclaimed textbook Economy, Society, and Public Policy by CORE Econ, tailored to help you grasp key concepts without feeling overwhelmed.
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Rep. Michele Bachmann, R-Minn. addresses the Conservative Political Action Conference (CPAC) in Washington, Thursday, Feb. 10, 2011.
MPR Photo/Mark Zdechlik
By HOLLY RAMER, Associated Press
MANCHESTER, N.H. - Minnesota Rep. Michele Bachmann on Saturday described the loss of "economic liberty" that young Americans face today as a "flash point of history" in which the
younger generation will ask what their elders did to stop it.
In a speech to New Hampshire Republicans, Bachmann recounted learning about a horrific time in history as a child -- the Holocaust -- and wondering if her mother did anything to stop it.
She said she was shocked to hear that many Americans weren't aware that millions of Jews had died until after World War II ended.
Bachmann said the next generation will ask similar questions about what their elders did to prevent them from facing a huge tax burden.
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"I tell you this story because I think in our day and time, there is no analogy to that horrific action," she said, referring to the Holocaust. "But only to say, we are seeing eclipsed in front of our eyes a similar death and a similar taking away. It is this disenfranchisement that I think we have to answer to."
Bachmann said that the generation of Americans just entering the work force now could eventually see 75 percent of their earnings sucked up by income taxes, Social Security and Medicare. Those young workers are going to wonder what people were doing while "watching quite literally our economic liberty pulled out from
under us."
"The question comes down to this: What will you say to that next generation about what you did to make sure that wouldn't be their fate?" she said.
Bachmann, along with fellow potential presidential hopefuls Rick Santorum and Tim Pawlenty, spoke at a forum organized by "We the
People," a conservative organization created by former congressional candidate Jennifer Horn.
(Copyright 2011 by The Associated Press. All Rights Reserved.)
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Rep. Michele Bachmann, R-Minn. addresses the Conservative Political Action Conference (CPAC) in Washington, Thursday, Feb. 10, 2011.
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