“We can’t mortgage our children’s future.” I have heard that from politicians and others for as long as I can remember. I have never understood this. I have a house. I have a mortgage. Without it I would not have a house. Without mortgaging the future, we won’t have one.
“We cannot live beyond our means.” Another premise of those who hold this view.
I am puzzled by this. Government is not like a business or a person. Their purpose and modus opperendis are very different.
Education, Health Care, Environment, Social Services, and Military are expenditures are investments without a bottom line. They are investments in our future with an outcome that can not be quantified in financial terms.
No one will ever get a notice of national foreclosure. “Everyone East of the Mississippi go to the Atlantic and those to the West go to the Pacific. You are being evicted.”
Our future was mortgaged by leaders like FDR and LBJ who lifted and enfranchised the economically and socially disadvantaged. If not for them and others like them, most Social Assistance , Medicare and voting rights would still be just dreams. I am grateful that my future was mortgaged for a better today.