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RE: Government Borrowing To Rise 84%.

in #life6 years ago (edited)

The debt is a serious issue most people are unaware off. Deficit finance should be considered a crime against humanity. It gives the elites the power to mortgage off future generations, in order to pay for wasteful spending in the present.

If you ask the average person on the street what the national debt is, they would have no clue. It's about time we enact a balanced-budget law, and require all outstanding debt to be payed off over the next 100 years. If the debt continues to grow, the economic will collapse.

Unfortunately many people believe that an increase in government spending is better. We get offended by politicians that recommend making a cuts. We vote for people who offer to pay for things we can't afford, and assume that the money comes out of thin air. Instead of wanting an increase in government spending, we should want an increase in government efficiency, and accountability.

The education system needs to change. They over-teach Algebra and Calculus, but under-teach personal finance and economics. Young people see the government as a source of entitlement, instead of an organization that can provide opportunity.

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