The New York Times offers a brief and (predictably) sympathetic account:
At age 3, Julia is enrolled in Head Start programs, thanks to Mr. Obama. By 22, she’s covered by her parents’ health care because of Mr. Obama’s health reforms. At 42, she’s getting a small-business loan from the government. When she reaches 67, she’s retired and drawing Social Security benefits.
Meanwhile, the Heritage Foundation has created a sort of alternative universe for Julia, if a contrarian one, entitled "A Better Life for Julia." In addition, Ed Morrissey of Hot Air presents what is touted to be a more realistic narrative of the first scenario, and David Harsanyi wants to know "Who the hell is 'Julia,' and why am I paying for her whole life?"
In the event that the first scenario prevails, however, Nicole Gelinas of the City Journal provides an extended scenario of the life of Julia's son, “Zachary” which demonstrates the power of American ingenuity to win out in the long run.
We can only hope.
UPDATE: This presentation would be incomplete without Iowahawk getting into the act.
(H/T to Michelle Malkin.)