Returns in the future?
I read an interesting post today. It covered the issue of our country's huge deficit, and posed the question of whether or not our children would end up benefitting from money being spent today at the expense of our ever rising deficit. The post claimed that we are taking out debt that will ultimately provide long term investment. I personally disagree. I don't believe that every dollar being siphoned from Saudi Arabia or Japan, etc. to finance our debt is being spent in the altruistic pursuit of long term investment. Billions alone are being used to finance war, which I don't consider to be any type of investment. This post made me seriously question our federal government's spending, and made me realize that my children won't necessarilly yield any benefit up the road from our country's current state of massive debt.
Posted by Blake at 2/28/2006 05:47:00 PM