Tag Archive for 'Debt is Future Taxes'

Another thing that bothers me

A Solution Exists…I Can Quit Any Time | askblog.

Arnold Kling on U.S. deficit spending:

The mainstream views in the United States on deficit spending now lie somewhere in between, “We can quit at any time, but now is not the time” and “We never have to quit.”

Have a nice day.

If you don’t have a frame of reference, the debt problem doesn’t mean much to you. One trillion dollars is roughly $9,500 per household. Given a published $16 trillion debt, an estimated $4 trillion in unfunded public employee pensions, and an unknown amount that the federal government is committed to in social security and medicare, my children will be starting their adult lives with a debt of over $190,000 of taxes for government programs they have not benefited from.

As a society, we are awful for sticking our youth with this bill.