“Generation Zero,” a new documentary produced by Citizens United head David N. Bossie and writer/director Stephen K. Bannon presents a compelling indictment of runaway federal budgets under President Barack Obama.

As such, “Generation Zero” will become an important statement dedicated to expressing the core concerns of the millions of independent voters and middle-class Americans participating in the rapidly emerging tea-party movement.

“Generation Zero” is Bossie and Bannon’s name for the now retiring baby boomers who were born into unprecedented prosperity made possible by the economic sacrifices of their Depression-era grandparents and the valor of their World War II-generation parents.

The documentary attributes the U.S. fiscal meltdown to undisciplined baby boomers coming to maturity and gaining power.

In the 1950s, parents determined that their children would be sheltered from the economic hardships of the 1930s and the wartime sacrifices of the 1940s; their offspring were coddled growing up in a childhood of Beaver Cleaver suburbs.

“Turning on” and “dropping out,” the Woodstock generation rebelled, turning against traditional American values and embracing instead the anti-American anger of the far-left.

Internalizing Saul Alinsky’s call to use Machiavellian principles that the “end justifies the means,” a long list of far-left activists since the 1960s, culminating in Barack Obama, preached social justice in their bald pursuit of political power.

The unrelenting goal of the Alinsky-coached political left is to redistribute wealth from America’s “haves” to the “have-nots” in a conviction that America is a racist nation that produces a social inequality only reversible by an attack on capitalism itself.

The inevitable result, Bossie and Bannon argue, was the creation of an ever-expanding government-funded welfare state Americans can no longer afford.

Now with Barack Obama in the White House, Bossie and Bannon argue, “Generation Zero” has added control of the White House to the political left’s already achieved control of the mainstream media and academia.

By passing health-care reform, the Obama White House is determined to explore the final socialist frontier of socialized medicine as a necessary step, regardless of the cost.

When socialized medicine is finally in place, the Woodstock generation will realize its crowing dream of creating in this land a socialist utopia, playing out fully the political left’s anti-capitalist, anti-imperialist, anti-American 1960s angst.

Unsustainable budget deficits measured in the trillions of dollars are, in Bossie and Bannon’s view, the inevitable consequence of a generation where drugs and rock ‘n’ roll have gone bad.

In writing “The Obama Nation,” I have to agree with “Generation Zero”‘s indictment of President Obama as a far-left radical trained as a community organizer in the Saul Alinsky model.

But in writing “America for Sale,” I would argue that Bossie and Bannon fail to appreciate how globalism and “new world order” free-trade politics of both the Republican and Democratic parties have shaped much of today’s economics, regardless of whether the White House is controlled by the political left or the political right.

Beyond the expansion of the social welfare state, jobs outsourced to China and India are not returning to the United States in a global economy where U.S.-based multi-national companies are allowed to employ slaves or near-slaves in foreign lands.

Similarly, globalists on the left have kept borders open in their determination to import an underclass of illegal aliens, prospects for the welfare state and likely Democratic voters for decades to come, despite the wage and benefit pressure illegal aliens place on unskilled American workers.

Still, a 90-minute documentary cannot be expected to explore every theory when advancing an explanation of a crisis as complex as the current global recession and fiscal meltdown of the U.S. federal budget and debt burden under President Obama.

“Generation Zero” is particularly insightful in tracking the excesses of Fannie Mae and Freddie Mac in creating crisis witnessed with the bursting of the mortgage bubble in 2006.

Bossie and Bannon correctly attribute the bursting of the mortgage bubble to a complex of forces that included the far-left’s enthusiasm to make home ownership in America into an entitlement right and the greed of Wall Street, in an environment where the Federal Reserve participated as a culprit by keeping interest rates at historically low 1 percent rates from 2003-2004.

The power of “Generation Zero” as a documentary comes from Bossie and Bannon’s ability to tell the story in a simple and historically interesting manner such that the viewer’s attention is held for the full length of the 90-minute documentary.

Commentary by a variety of news commentators, including Lou Dobbs, Newt Gingrich, Victor Davis Hanson, and Charles Krauthammer, add insight to the documentary’s narrative.

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