It is not uncommon in these times of great financial uncertainty to hear talk of passing on a huge debt burden to our children and grand children. What is not discussed is what our predecessors have done to us. We are the children and grand children. We are now left with the burden handed to us by our parents and grandparents.
During the recent debt reduction negotiations our President repeatedly called for a balanced approach. Of course he was referring to adding tax increases to any proposal to slow the growth of government (in Washington slowing growth is referred to as a ‘cut’). He may be right. In order to shoulder the burden heaped upon us by previous generations we will all likely have to pay higher taxes.
Rather than think about what we might be doing to future generations let us consider for a moment what has been done to us. Previous generations of voters have stuck it to us. The chickens are coming home to roost.
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