Quantify 'Generational Theft' and Collect Winnings

« Health Care: Obama Hints At Strategy | Main | Grassley: 'Your Wife Said the Same Thing' »

Mar 27 2009, 10:23 am by Chris Good

Quantify 'Generational Theft' and Collect Winnings

Pajamas Media, the conservative website network run by P.T. Barnum figure Roger L. Simon, is offering a $10,000 prize to the college student who can best develop a method for predicting what 2009 college graduates will earn in 2014, 2019, 2024 and 2034, factoring in the cost of recent economic fixes, like TARP, TALF, and President Obama's stimulus. They've dubbed it the "Generational Theft Contest." Students are encouraged to collaborate with their professors, who are eligible for $10,000 of their own. From Pajamas' contest announcement: "For today's college graduates, do the decisions being made by the U.S. government place a burden on their financial futures? What will they have to pay from their future earnings for today's deficit spending?"