Tell him that Obama has a great idea, "Spread the wealth around". Explain how for the last 23 years, and especially the last few, he's been getting more than his fair share of the wealth. So, you and pop have decided to cut him off until you catch up in the "Spreading the wealth around" department, gonna get new car and pickup, some new furniture, maybe remodel the house even though you can't afford it since he and others his age are going to be paying off the debts of those that couldn't afford houses anyway.
....then go slap his socialist professors.