Here is the problem with most people. They compare the US budget to their own at home. Or to a business. The US should be thought of as eternal, and it’s budget should reflect that. No, we don’t want to amass a huge debt for our children. But we should also plan on making investments now which will pay off for them in the future. Guess which one of these two we are not doing? We’re leaving them debt, but little help in paying it off. What can we leave them? Bridges, roads, a modern electrical grid, high speed rail. But do we? No, we are too cowardly, too greedy. Folks, we are going to leave them a debt no matter what we do, it is unavoidable. So let’s at least leave them something worthwhile to go for it.
Here is the problem with most people. They compare the US budget to their own at home. Or to a business. The US should be thought of as eternal, and it’s budget should reflect that. No, we don’t want to amass a huge debt for our children. But we should also plan on making investments now which will pay off for them in the future. Guess which one of these two we are not doing? We’re leaving them debt, but little help in paying it off. What can we leave them? Bridges, roads, a modern electrical grid, high speed rail. But do we? No, we are too cowardly, too greedy. Folks, we are going to leave them a debt no matter what we do, it is unavoidable. So let’s at least leave them something worthwhile to go for it.