Forum Discussion
Community Alumni
Oct 01, 2013"It's time to pay the piper for the excesses of previous generations."
Previous generations? The previous generations paid for most of what they consumed in the form of higher taxes and less government services and benefits. The national debt was 653 billion dollars ($2,997 per capita) in 1976 and today stands at $17.283 trillion dollars ($54,500 per capita.) OUR generation is the one that managed to rack up an obscene debt of $16.63 trillion dollars in just 37 years. Our children and grand children will be the ones saddled with the bill when it comes due and payable. They will be the ones paying higher taxes and receiving less benefits for those tax dollars, not us.
Previous generations? The previous generations paid for most of what they consumed in the form of higher taxes and less government services and benefits. The national debt was 653 billion dollars ($2,997 per capita) in 1976 and today stands at $17.283 trillion dollars ($54,500 per capita.) OUR generation is the one that managed to rack up an obscene debt of $16.63 trillion dollars in just 37 years. Our children and grand children will be the ones saddled with the bill when it comes due and payable. They will be the ones paying higher taxes and receiving less benefits for those tax dollars, not us.
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