Ted Rall for June 18, 2014

Lucky for us “boomers” that the gen X’ers and such are morons….

Ted Rall was born in 1963 and hence is a “Baby Boomer.” Now, if that were the only thing he was delusional about …

Actually, here’s where inflation could come in handy. With 100% per year for 10 years, that nasty debt would be whittled down to almost nothing. Just like your salary. You thought you were about to buy a car, and now you can’t even afford a bus ticket.

Horace, ODESBOOK III: VI.“…What do the harmful days not render less?Worse than our grandparents’ generation, our parents’ then produced us, even worse,and soon to bear still more sinful children.”.Nothing new under the sun.

There is some truth in the point of view. The National Debt is kind of like a credit card balance or a business loan. It is good business/management to use debt to be able to do things. The level is too high in the US but if we quit fighting trillion dollar wars and buying quarter billion dollar aircraft, we could probably pay it down over time. This should not even be an talking point for republicans since they are the ones who drove it up to where it is now. How can anyone expect them to spend less? Besides they have to keep those oil and agricultural subsidies in place along with laws that permit companies to avoid taxes completely.

Unfortunately some parts of our debt, including social security obligations, are accruing at unsustainable rates. President Bush, to his credit, attempted to correct the problem while it could still be addressed with relatively minor pain. Now we can look forward to hard choices and failed promises.

We make fast food, lawsuits, and entertainment..And prisons.