Wednesday, February 3, 2010

On the problem of leaving national debt to our children

http://dailyreckoning.com/america-2030-why-we-must-act-now/

So the average child born "inherits" almost $50,000 of debt, but what does that mean? Basically that they have higher taxes to look forward to, and as such less money to spend as they choose, a lower standard of living.

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