Another in “a long Train of Abuses and Usurpations?”

by Doug

 Obamanomics

Listening to Mark Levin’s radio program last night, I heard a guest describe the massive debt being foisted on future generations of Americans due to the current government spending spree rightly as

"taxation without representation."

How else would you describe what is happening? Our children and their children’s children are going to get stuck paying the bill for the present profligate borrowing and spending while actually "enjoying" little to no benefit in return. And what happens to their America if they won’t pay, or, as is going to be more likely the case, CAN’T pay?

Oh, and here’s the other thing, China has now taken to telling the president who he can and cannot see. How can that be? Because they CAN…

Frown

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  • http://weekendpundit.org Brent

    Peter Ferrara writes:
    Boston University Professor Laurence Kotlikoff, who pioneered the concept of generational accounting to project federal tax burdens, calculates that with no change in current law, a child born today would have to pay 84 percent of his or her lifetime income in taxes to finance an entitlement programs and other government spending.
    So what are our representatives on Capitol Hill doing about it? Why, proposing to expand entitlements, of course.
    ~ http://www.cato.org/pub_display.php?pub_id=6155

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