I know a lot of grad students, and the majority of them aren't on welfare. In fact, I can't think of a single one who is on welfare...unless you consider Stafford loans and the stipend from a graduate assistanceship "welfare." Graduate school implies that you already hold an undergraduate degree. These people aren't generational reliefers. If that's too anecdotal, I'm sure statistics would back this up.
Bananawik has a history of giving these outrageous social commentaries on how feminism and affirmative action are ruining the world. He backs his claims up with exactly 0 amount of evidence. Unless everything his says is just satirical and none of us can pick up the sarcasm...ya know, Poe's Law 'n all.