[StatesEnemy]

Actually last I heard they were cyring Uncle, but the EU were still mulling it over... either way, I sure would like a Constitutional amendment that stipulated a cap.

Afterall, saddling the next generation with the indentured service of our debt is hardly fair.

[Orangedog]

What they are talking about is the current account deficit, not the federal budget deficit. The budget deficit come from the feds borrowing money to run the government. The current account deficit is another animal altogether. It is created because we buy more foreign goods and services than we sell to other countries. No economy has been able to sustain a current account deficit for very long without some fairly severe consequences to those economies or their currency.

[Arkinsaw]

Afterall, saddling the next generation with the indentured service of our debt is hardly fair.

It's true that we should not saddle them with paying for our prescription drugs and other things non-beneficial to their future. But it is worth saddling them with debt on some things, like the war on terrorism and the like.

It does not bother me at all that I am paying interest on World War II debt. It does bother me that I am paying interest on somebody's medical care back in 1972.

[templar]

Afterall, saddling the next generation with the indentured service of our debt is hardly fair.

A bit late to worry about the next gereration already. Try, maybe, two generations out.