Quote:
Originally Posted by MS Fowler
Advocates say it prevented a depression. Maybe; maybe not. But How moral is it for us to spend huge sums of money to keep us out of depression while passing the cost on to generations yet unborn? Strikes me as the height of self-serving.
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If not mistaken, this is not the first generation to engage in deficit spending. I recall an article earlier this year that discussed what "The Boomers" could do to approach the sacrifices of the previous "Greatest Generation" and one proposal would be to lower or pay off the deficit via estate taxes and doing away with other credits.