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Future Generations

Luckydog1 Wrote: Dec 05, 2012 9:22 AM
Bluenote, Nice figures on the budget. Oh wait, you didn't give any figures. Let me help. Total debt accumlated by all Presidents except Obama: 10.6 trillion. In Obama's four years: 5.5 trillion. Projected for Obama's 8 years he will sign off on more debt than all other Presidents combined. Numbers don't lie. Obama does
Is there any reason for today's Americans to care about what happens to tomorrow's Americans? After all, what have tomorrow's Americans done for today's Americans? Moreover, since tomorrow's Americans don't vote, we can dump on them with impunity. That's a vision that describes the actual behavior of today's Americans. It would be seen as selfish, callous and ruthless only if it were actually articulated. Let's look at it.

Businesses, as well as most nonprofit enterprises, by law are required to produce financial statements that include all of their present and expected future liabilities. On top of that, they are...