This isn't intended as political, but as social commentary: a draft will be perceived as sending our kids to fight in the Middle East for cheap oil. There is a hard core of truth to this anyway.
If you think we had intergenerational conflict during the Vietnam War, just wait until we draft our teens to fight so that the 45-year-old with his Suburban and the 65-year-old with his 8-mpg motorhome can continue to guzzle cheap fuel. You ain't seen nothin' yet.
Today's "spoiled" teens are a very small but highly visible minority. A truer statement would be that most of today's teens are out of luck and know it for the reasons Buster gave in his first paragraph. Many of the problems are caused by faulty and absent parenting anyway, that is, not the kids' faults.
The truly spoiled people in the US are those over 65, not youth. The elderly have all kinds of government giveaways that they voted for for themselves even as programs to benefit children and poor families were sliced or eliminated. The joke is that unlike the children, the elderly had a lifetime to save and plan for old age. Also, the older baby boomers have grabbed most of the opportunities and as business managers have been a direct cause of outsourcing overseas and other changes that have been detrimental to everybody, especially the young.
We also simply don't hear much about the good that many teens do, such as volunteering, helping others, and so forth. As always, the media accentuate the negative, helping lead to stereotyping of whole groups.
A draft might work if the military were expected simply to police the borders and protect our territories. Without this restriction, it is too easy and tempting for our government leaders to use a draft to send our armed forces to meddle overseas, as was done in Vietnam. Our young people deserve better.