National debt burdens US today and tomorrow

February 16, 2013 at 6:00 pm in The Dickinson Press

Fiscal conservatives unwittingly sabotage themselves by warning that the $16.5 trillion national debt will impoverish America’s children and deliver unborn grandkids directly into Chinese slavery. While these dire predictions may come true, calling America’s massive indebtedness a challenge for future generations triggers relaxation about an immediate priority: curtailing federal spending and borrowing. By defending “the children,” budget hawks let big spenders invoke Scarlett O’Hara to justify their profligacy, at least until the tykes mature. “Cut the budget later,” spendthrifts propose. “Tomorrow is another day.” Continue Reading