http://www.youtube.com/watch_popup?v=VxHfYNTrnic
Well, I'd say this.
Young people and college students are always more liberal.  It'll soften as they become employees and taxpayers.
Ultimately,  it's not necessarily wrong for them to believe in publicly funded  education, tuition, retirement insurance, and health care.  In fact,  public education, social security, and medicare are not only incredibly  popular, but an integral component of first world society.  No  industrialized nation lacks these ... and America has the least  extravagant of all.  
If young people believe  in these causes, that's fine.  It's a free country and they have a right  to vote for what they want.  They just have to be willing to support  them in taxes. That's been America's problem for a hundred years.  We  want the programs and strong govt - we just refuse to fund it.  It's  basic math.  Social security, medicare, and higher ed are the key  examples.  People need to understand.  Remember "Keep your govt hands  off my Medicare"?
Of course, this prof is a bit  jaded and equally biased.  He puts the blame on public schools and  claims the kids have never heard of Thomas Malthus, Adam Smith, and  Frederick Hayak.  Well, those are only one economic theory.  Did he ask  the kids about John Keynes or Robert Samuelson or Joseph Stiglitz?  No.   And guess what?  The kids haven't heard of Keynes or Marx or Hobbes or  Locke or Mao either.  It's not that they only get biased liberal economic  theory.  They get no economic theory.  It's not in most state  standards.  And who knows if it should be.
Do  you recall knowing about Hayak and Malthus in high school?  Did you  discuss Hobbesian theory or utilitarianism?  Guess what.  My kids are  learning about Malthus and Smith right now.  But it's satirical  criticism of their theories as seen in Dickens' Hard Times.  At the same  time I asked my kids about Marx and Hegel the other day, and they  hadn't heard of them.  They had no knowledge of socialist or classical  liberal thinkers.
And, of course, I don't  necessarily blame kids for their views on tuition and health care ... or  even down payments.  Think about what they've been experiencing as they  come of age.  Many probably have real life experience struggling with  private health care.  And tuition.  Geez.  The average college grad now  begins life with $26000 in debt.  $26K!  Can you imagine coming out at  22 with that on your shoulders.  And then needing 20% for down payments.   And skyrocketing health care?  Or no health care?
It's  a different world out there.  And it's pretty scary times for young  people.  I don't blame them for a lot of this.  And it's not unusual for  young people to have more faith in the government.  They still have  that sincere belief that the govt is supposed to be the guy in the white  hat when they are struggling.
Just another point of view.