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My Generation Did Pay Back Debt



February 07, 2010 – Comments (0)

Mish has a post with a teenage response to the US debt

In Canada when I came of adult age we had record spending over tax reciepts and Canada worked hard to bring that under control.  It is only the dorks of the past 5 years that have completely destroyed and wiped out that effort.  Indeed, it leaves me wondering what all that sacrifice was for and I know that people in their 30s and 40s today are enormously behind their parent's generation in terms of ability to provide for their future compared to where their parent's generation was.

I wonder when they follow the 14-year-old's lead and take action to refuse to pay that debt back... 


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