Quote:
Originally Posted by SteveZ
What's wrong with our kids and grandkids taking over the payments of the national debt?
In comparison to the last few generations, the under-45's have it pretty good. No draft, plenty of toys, a better standard of living than we all had, longer life span.....I could go on and on.
Add to this grandparents are raising more grandkids than ever, so the under-45s can "find themselves" or "be themselves."
There are a lot of complaints that the national infrastructure is decaying, but it still is more expansive and serviceable than what existed 40-50 years ago.
We paid off debts incurred (and foreign aid due to) World War II, Korea and Vietnam. They now have GulfI, Iraq and Afghanistan - much smaller cost-wise in comparison).
We've gone through our ups-and-downs economically, so the problems of today are no worse than what we have weathered in the earlier decades. The only real difference is there is better press coverage of today's woes to keep people whipsawed.
Considering the "value of a dollar" today in comparison to past times, they are no worse off than we ever were. Also, considering they want government to do more (national health, more welfare, etc.), that costs, and if you want it, you pay for it.
All in all, they have it better (and cheaper) than we did. So they don't get a totally free ride at the expense of our labor and have to pay for running the nation and its recent expenses. That's just the way it goes, and has gone, since 1779.
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Steve you make some great points. Many of us are now children of the children of the Great Depression. We have never really experienced the traumas of what those photos of men standing in line, hat in hand, or of people selling apples on streetcorners to get a little cash actually went through.
We have really never lived without some sort of national debt or major project going on, but there is a valid point about Bucco's question, "How much is too much?" Democrats were always labelled with the deficit issue, then after Clinton & a bi-partisan congress balanced the budget, everyone started saying, "well, maybe that's not really so important after all, except as rhetoric."
But again, how much is too much?