All right, let’s just set aside the fact that we can eliminate the debt with some modest increases in taxes.
One of the favorite plaints is that we simply cannot leave this horrible debt for our grandchildren to pay.
Who said our grandchildren have to pay it?
No one today is willing to pay it, and we still have a functioning country. We’ve had debt since the founding of this nation. So who said it is ever going to be paid off? Sure, we pay our bills as they come due, and then we incur more debt. Countries work that way.
This is a bogus complaint. The debt is there, it would be nice if it wasn’t, but it need not be a crushing burden for any generation. If we wanted it to the government could borrow a lot of money really cheap right now and reduce interest payments. No one ever talks alternatives. It’s always just a flat – OHMYGODTHEDEBTISBAD – usually from people who didn’t care about the debt when their guy was in the White House. It’s just an excuse to do things that don’t really help the debt at all.
Yes, our nation has a debt. We can pay it off – or not.
That’s really the truth of the matter.
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