Art Vandelay
Illuminator
- Joined
- May 8, 2004
- Messages
- 4,787
If you increase taxes, parents will have less money to spend on their children. If you decrease productive spending, then later generations will lose out on the gain that could have been obtained. If you decrease unproductive spending, well, that's a good idea regardless of whether you have a financial burden coming up.When you have a major financial burden coming up (e.g. social security and medicare for the baby boomers), it is irresponsible to increase your debt(compared to national wealth) cut revenue (via tax cuts), increase current spending (too many to name) and increase your obligations for future spending.
And it's really odd that you're saying that cutting taxes and increasing spending is "making your children and grandchildren pay for your lifestyle", while leaving SS completely unremarked upon.