and americorps could be our new cc.rown who now directs it and arguing a blog on cnn today that we ought to look at americorps because so many young people in this country, the unemployment rate among the young is far higher than it is among the nation as a whole. the unemployment rate among the young is 18%. among young hispanics, 20% and among young blocks, it's 30%. >> you point out americorps is under the knife and that would be grave mistake. give us some examples why. >> well, americorps is appealing to a very idealistic streak we find in the younger generation. i must say this younger generation that is coming up, you look at the military veterans coming back and young people want to teach and do other things, an enormous amount of idealism out there. this last year, americorps got over 500,000 applications. up two-thirds over two years. but they had to turn away three-quarters. an example, i happen to be on the beard for teach for america. a wonderful organization started by wendy, a heroine of mine. this last y

these are americorps volunteers. there are also used volunteers and muralists. thank you for your work. max. a native art teacher for several years, and he has designed and worked on several murals and the district, with oversight of 100 volunteers. and i see him out there. it is amazing have been gets people involved and shows them how to work. he designed something for the upcoming festival, which i see he is wearing. we have another him as merrill's in san francisco and in tokyo, japan. she is the director of a department. thank you for your work in our district. another person is here. i am sorry if i did not get your name right. your project is on the corner of mission street. del then, a painter and muralist. thank you for your work. he creates socially conscious works. i love the mural on the corner of francis and michigan's street. i just noticed it for the first time -- at the corner of one street. thank you for that. it is really a wonderful testament to what our neighborhood is about. eric, who i do not seen here with us, who has done an amazing work

>> amazing applications to americorps doubled, quadrupled.e willing to work for minimum wage if not below that because they're looking to work. yes, we need to expand public service positions and look at the areas where there's need. energy retrofitting, disaster relief, helping our schools. take advantage of the fact this country has all of these projected growth areas and use young people as an untapped resource, which we are. that's what i'd like to see the president start to talk to us, and mention in his speech. that we're america's greatest untapped resource. >> matthew, another staggering thing for so many young adults getting out of college is the mountain of debt they drag out of college with them. it they're lucky enough to get out in four years. most people do carry this mountain of debt, some of the numbers would show that graduating seniors come out with around $27,000 in debt. a lot of people, a lot more than that, though. almost up to, you know, six figures of $100,000 or more in debt. so what are students to do if they can't g

americorps works in the community, going into the housing projects with parenting classes and tutoring sessions for young people. that's one example of everybody working together. we brought to massachusetts the boys and girls club has a school on wheels that goes, takes school to homeless children. it's efforts like that in communities that will help to make the difference. >> we're getting so much support from the business community increasingly, and we're very excited businesses realize they're investing in their own future. their future customers and future employees. we mention target, what a great job target is doing. >> well, target is one of our newest partners, and they have just announced that they will be pledging their services to us for $3 million over a three-year period. target is focusing on literacy among young people, that all children be reading on grade level by grade four because if they're not -- >> that's when they start sliding. >> that's just one example of all of the businesses starting to come forward. >> we're going to take a quick break and more from genera

from colonial subjects to dentures servitude in americorps millennia. [applause] [applause] m is for monopoly. i mentioned a moment ago that the aspen ideas festival has great thinkers like barbra streisand. i would like to cite another great thing. george harrison and the beatles. 1969, in the course of a wide-ranging ramble you briefly de toward in to some remarks about the monopolies commission. he is, you know of others is the thing i don't like. the government says the man and system you are not allowed to monopolize who is going to send in the commission to solve that? that is one of the most brilliant observations on government that has ever been made. there was an old joke. why is there only one monopolies commission. [laughter] it is the main factors, and incisive observations on the nature of government. we would not like it if there was only one automobile company of one breakfast cereal, but by definition there can only be one government, which is why in george's words, when the government is monopolizing, it should do so only in limited are

americorps is an insult to you and our children. to cut out stupid programs, counter-productive programs, put a rain on arrogance and regulation, and overall reduced the size of government. that means, yes, the entitlements. so, we have to look at those among us who have been brave like young paul ryan, and who have dared to step forward. the whole question of entitlement debate has been. on by two kinds of people -- has been brought on by two kinds of republicans -- people -- republicans that don't there, endicott and -- and democrats that don't care. once you cut government down and make it fit, the capabilities of our economy, in a manner where it could be an ancient of assistance to what we do naturally, which is grow ourselves into a prosperous nation, then you reform the tax. there is only one legitimate reason to levy a tax, only one, raise money. anything you are trying to do with the tax code other than raise money is and audacity, and an affront to your taxpayer. claim that thing up. now, fortunately we are lucky. in 1984,

americorps is the insult to you and our children.nterproductive programs, put a ribbon on arrogance and regulation and overall reduce the size of government and that means the entitlement. so we have to look at those among us like paul ryan and dear to step forward. the question of entitlement in america has been carried on the last three years republicans but don't dare and democrats but don't care. we have to get serious adults working on this problem now. once you cut the government down and make it fit, the capabilities of our economy in a manner where it can be an instrument of assistance to what we do naturally witch's brew ourselves into a prosperous nation then you reform the one legitimate reason, only one. anything you try to do with the tax code other than raise money is an audacity to the taxpayer. now unfortunately from 1984 to professor who gave us what is called the flat tax. if you think the answer is something other than the flat tax, i'm sorry, you are wrong but we got the right answer. cut taxes to reduce the gover