I’m sure glad my dad is not leaving me with a pile of debt.
Too bad Uncle Sam isn’t doing the same.
Our “bullet train to bankruptcy” has just roared past $14 trillion in debt with nothing but red on the horizon. The President’s budget will give us a deficit this year of $1.6 trillion and add another $7 trillion of debt over the next ten years.
The share of the debt per taxpayer right now is $128,000 (and growing). That won’t get paid off anytime soon which means that our children and grandchildren get to pay for our budget-busting ways.
That’s immoral. Call it “intergenerational theft,” and a violation of the seventh commandment (“You shall not steal”). Proverbs tells us that “a good man leaves an inheritance to his children’s children.” We’re doing the exact opposite.Continue Reading on www.crosswalk.com