But aren't future generations benefitting from us building a better world? That is the point of social programs isn't it?
Will they be benefiting from continuing to pay for daycare their great great grandparents received? Are we building a better world for us and justifying it by saying it is for them?
What about the risk of destroying the economy by things that cause interest rates to get out of control?
By continuing to dump new money into the economy much faster than the economy grows they will be driving inflation. Then we will have the choice of just allowing inflation to run or raising rates to control it. By simply looking at debt to GDP numbers and pointing at other countries for justification with no intention of ever paying any debt off, we are just setting a trap for future generations.
Don't let them rise the by doing as MMT calls for; ensuring politicians and their parties retire debt during good times as they're supposed to instead of spending on their pet projects. If we can't get better control over our governments then of course things will blow up in our kid's faces...just like they blow up in our's.
The key to everything is more rigorous robust institutions of accountability. Think of these as being like control rods in a nuclear reactor.
That would be nice but we have become a can we afford the payments society and our governments just reflect that.
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