[Sooth2222]

"Instead of paying for the current miasma of spending, we’ve been borrowing the money from our children and grandchildren."

No, "we're" not borrowing it. Obama is just printing most of the money. He's stealing it from people who are naive enough to think that $1 today is going to be worth $1 tomorrow.

[FreedomNotSafety]

Your point is spot on. We can either declare our default immediately and honestly or we can hide it by slowly defaulting over time via inflation. Either way we aint paying and our children aint paying.

I believe most people hold to the “our children and grandchildren will pay” doctrine so as to affirm that they will be paid Social Security and other various welfare schemes such as Medicare, government pensions. They believed they have earned it and are entitled to it and besides they were promised, the politicians squandered it, its an inter-generational pact, they sacrificed....