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You know anyone who doubts why Britain is having to take these difficult decisions on public expenditure at the moment only has to look across the channel to see the mess that some countries have got into because they've not been able to convince the markets.
BBC: Transcript of George Osborne interview
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The Founders had a horror of direct democracy for this very reason, and the system they devised was meant specifically to calm the passions, quiet the mob and channel its energies, and create a space for sober decision making by people the voters had chosen to make decisions for them.
CNN: Essay: Ye Olde Town Gimmick
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And second, from an advertiser's perspective--unlike the Disney channel, we are advertiser supported--the time in your life when you're making the most brand decisions that you'll hold on to for a very long time is when you get into your late teens and early 20s.
FORBES: Magazine Article