It's an interesting story/idea. Although I think it's bunk (and self fulfilling, and strawman central), it does make for a good story.
But it's dismissive of a lot of things, and embellishes a lot of half truths and scare tactics. Drug use among kids isn't nearly as bad as people think it is and kids aren't going crazy with sex however the glorification of it AND the scare tactic that kids are doing it, is going crazy (oh no! rainbow parties!).