GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Bush whitehouse putting huge debt on America's children

Mr.Fiction · 12-01-2003, 03:26 AM

The latest estimates are that amid the economic slowdown of the last two years, and all the new spending and tax cuts Bush has pursued, the federal debt could soar to at least $7 trillion by decade's end. That means future taxpayers will have to pay at least $350 billion a year to service that debt, precisely as they are shouldering big bills for homeland security, defense and retiring the baby boom.

To call this behavior a breakdown of fiscal responsibility misses its true nature. This is a stunning abandonment of generational responsibility. Washington is behaving like a father who steals his kid's credit card and goes on a bender.

Individually, America's parents make sacrifices every day to provide opportunities for their children; but collectively, the nation is now pursuing precisely the opposite course ? indulging itself even at the price of reducing opportunity for its children.

http://www.latimes.com/la-na-outlook...2367031.column

12-01-2003, 03:26 AM
Mr.Fiction Confirmed User Join Date: Feb 2002 Location: Free Speech Land Posts: 9,484	Bush whitehouse putting huge debt on America's children The latest estimates are that amid the economic slowdown of the last two years, and all the new spending and tax cuts Bush has pursued, the federal debt could soar to at least $7 trillion by decade's end. That means future taxpayers will have to pay at least $350 billion a year to service that debt, precisely as they are shouldering big bills for homeland security, defense and retiring the baby boom. To call this behavior a breakdown of fiscal responsibility misses its true nature. This is a stunning abandonment of generational responsibility. Washington is behaving like a father who steals his kid's credit card and goes on a bender. Individually, America's parents make sacrifices every day to provide opportunities for their children; but collectively, the nation is now pursuing precisely the opposite course ? indulging itself even at the price of reducing opportunity for its children. http://www.latimes.com/la-na-outlook...2367031.column