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The Moral Dimension to Our National Debt

Michael Tanner, National Review

One wonders how all those young people complaining about their student debt would react if they understood that their theoretical share of the national debt was about $67,000. The growing debt does not come without consequences. There are, of course, economic repercussions. Over time, debt can slow growth, reduce wages, and hinder our flexibility in responding to economic slowdowns. More important, there is a moral dimension as well. Every child born today inherits a portion of that debt. We are living at our children’s expense. You can’t get much more “taxation without representation” than that. If only someone in Washington cared.

https://www.nationalreview.com/2019/08/national-debt-moral-dimension/