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Old 08-04-2007, 07:07 PM
maxtower maxtower is offline
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Join Date: Sep 2005
Posts: 1,264
Default Re: Is the national debt a good thing or a bad thing?

One problem with deficit spending is that is places the burden of current service payment on future tax payers. This is ok in some circumstances. Future generations would be happy to go into debt to win a war because otherwise the country might not exist. But debt shouldn't be used to pay for expenses that don't benefit the future generations. Thats the problem I see with a lot of the current deficit spending. We are borrowing money to pay for the day to day gov't expenses and this debt will have to be paid back by people who received no benefit. Its an unsustainable practice.
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