Saturday, December 5, 2009

Pass the Debt Burden

Terry Paulson writes, "It took nearly 150 years for Congress to pass a resolution apologizing for slavery. We should apologize now to future generations for what we’ve done and are doing to America. Though our generation’s motivation was compassionate, we’re leaving America worse.
. . .
"Unfortunately, since we keep adding more entitlements and refuse to pay as we go, we leave no inheritance of opportunity, just a horrendous, out-of-control debt. Our current deficit is over $12 trillion, but that’s just what politicians will admit. Former U.S. Comptroller General David Walker estimates the total “unfunded liabilities” at $56.4 trillion. That’s the bill to pay off the publicly held portion of the national debt and all the benefits already promised through Social Security, Medicare and other welfare programs minus what will be collected for these programs under existing tax laws.
. . .
"Like Boy Scouts who work to leave the wilderness better than they found it, every generation should leave America better for having lived. Leaving future generations the bill for our excesses doesn’t leave a legacy we can be proud of!"

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