"unwise to enact large deficit reductions in the current crisis. To protect future generations"
Another warning on the debt, a warning for tomorrow. The post explains why we absolutely have to manage the debt, tomorrow. Today we can still kick can, is its conclusion.
The future generations are here, today. If you 35 years and young then you never knew about the Texas bailout; 50 years or younger you never voted for it. Over half our population has no clue why we are still paying interest charges on that debt, today. They are in the streets with torches and pitchforks, today.
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