How Politicans Are Taxing Our Future

Have you ever thought about what our government will look like in future? What your taxes will be in 10, 20, 40 years? At current rates of spending, we're looking at huge tax hikes for us, our kids, grand kids, great grand kids. . . you get the picture.

Here's a great piece from Roll Call on the massive generational theft that's occurring at all levels of government.

Truth is, the trajectory of our federal budget represents a massive intergenerational redistribution of wealth. On the whole, older Americans and current retirees are set to receive a significant net financial benefit from public resources over the course of their lifetimes, with a massive bill for this spending to be passed on to the young and future generations. This policy path is both fiscally irresponsible and morally reprehensible. Pressure to change course might increase, however, if there were a clearer understanding of this reality among the public, media and elected leaders alike.

So true. Next time you hear a politician talk about borrowing, remember borrowing is just another term for future taxes.