This is fiscal child abuse, selling our kids into debt slavery so that the current generation can maintain their irresponsible spending addiction and gorge themselves at the taxpayer trough.
It used to be that older generations strove to leave their children and grandchildren a lasting inheritance and legacy. Our generation is stiffing our kids and grandkids with a bill for benefits they’ll never get to see – we’ll be bankrupt by then.
Children born today will inherent a per capita share of the national debt exceeding $1.5 million, a new study reveals.
Republican analysts on the Senate Budget Committee used figures from the Congressional Budget Office to calculate the relative share of the national debt–currently $16 trillion and counting–among different age groups.
The results are stunning:
Calculate your share of the national debt here.