(or, Why I'm Voting Democrat in 2004)
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Federal Deficit A Nightmare For Our Children
Deficit financing, by comparison, is coercive and also a boundless levy cravenly laid on the backs of future wage-earners who are powerless to prevent it. It is $540 billion that people won’t be able to spend on their own homes, children, automobiles, leisure, and savings.
In other words, tax cuts that already were heavily weighted to the affluent turn out even worse when you consider how they will be paid for.
(This) study examines the system of generational accounting, which was developed to show how fiscal policy affects people of different ages--living now or yet to be born.
