U.S. Government To Discontinue Long-Term, Low-Yield Investment In Nation's Youth

WASHINGTON, DC—In an effort to streamline federal financial holdings and spur growth, Treasury Secretary John Snow announced Monday that the federal government will discontinue its long-term, low-yield investment in the nation's youth.

Above: President Bush explains the nation's new investment strategy at an inner-city school in Baltimore.

"For generations, we've viewed spending on our nation's young people as an investment in the future," Snow said. "Unfortunately, investments of this type take a minimum of 18 years to mature, and even then, there's no guarantee of a profit. It's just not good business."

Snow compared funneling money into public schools, youth programs, and child health-care clinics to letting the nation's money languish in a low-interest savings account.

"This is taxpayer money we're talking about," Snow said. "We can't keep pouring it into slow-growth ventures, speculating on a minuscule payout some time in the future."

"Federal expenditures are recouped when a child grows up and becomes a productive, taxpaying member of society," Snow said. "But we don't see a sizable return on our investment unless a child invents something profitable, or cures a costly disease, like cancer. The wisdom of making such long-range, long-shot investments is questionable at best, especially when you consider inflation. America would do better to invest in profitable business ventures. It's just that simple."