George Will on our public debt and our national character

[pjohns]

Syndicated columnist George Will has an excellent piece on our current national debt, and the way it is in the process of changing our national character.

An excerpt:


The election eve mood is tinged with sadness stemming from well-founded fear that America’s new government is subverting America’s old character. Barack Obama’s agenda is a menu of temptations intended to change the nation’s social norms by making Americans comfortable with the degradation of democracy. This degradation consists of piling up public debt that binds unconsenting future generations to finance current consumption.

So argues Nicholas Eberstadt, an economist and demographer at American Enterprise Institute, in “A Nation of Takers: America’s Entitlement Epidemic.” This booklet could be Mitt Romney’s closing argument.

Here is the link to the entire column: George Will: Mugging our descendants (http://www.nctimes.com/news/opinion/columnists/will/george-will-mugging-our-descendants/article_b08196a9-94d0-572d-bd94-f864110a274d.html)

[Mainecoons]

Future generations aren't going to finance anything. The debt is already unrepayable. Future generations are going to be left holding the bag after the fiscal collapse.

[Chris]

The problem, as Will's review of Eberstadt's Pamphlet goes on to say, is this has been just as true of all presidencies since FDR. The glimmer of hope rests on Ryan's moral view of th entitlement state.

[Deadwood]

Syndicated columnist George Will has an excellent piece on our current national debt, and the way it is in the process of changing our national character.

An excerpt:



Here is the link to the entire column: George Will: Mugging our descendants (http://www.nctimes.com/news/opinion/columnists/will/george-will-mugging-our-descendants/article_b08196a9-94d0-572d-bd94-f864110a274d.html)

That's what the young people who support this moron don't get. They won't be able to pay it back. At best they will be making interest payments with 65% taxes.

Forget home ownership.

The alternative is to default ......and with China holding so much of the debt, guess who gets to run the country.

[Peter1469]

We will default on the debt. Sooner or later.

[coolwalker]

I heard on the radio last night that there is a rumor circulating in DC that Obama is preparing to forgive all debts...all...and start fresh, a clean slate. This is supposedly for business and personal. If true, it's for a last minute ditch effort for votes. How true is is? Who knows...just passing along what I heard.

[Cigar]

Future generations aren't going to finance anything. The debt is already unrepayable. Future generations are going to be left holding the bag after the fiscal collapse.

So wohat do you do wen something is unrepayable? (if that's a word in your dictionary)