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>the old have done nothing to help the young I suppose all those babies paid for their own housing, food, education, healthcare and vacations for up to 25 year
by pcrh 5y ago
>the old have done nothing to help the young
I suppose all those babies paid for their own housing, food, education, healthcare and vacations for up to 25 years before they were productive members of society?
- yardie 5y agoIf you borrow it from them then yes they pay for it.
- pcrh 5y agoWho borrows money from babies?
- slivanes 5y agoNational debt.
- deleted 5y ago[deleted]
- yardie 5y agoPoliticians. It's one thing to issue bonds to pay for much needed infrastructure at the time. It's quite another thing to issue bonds to pay the interest on existing bonds. Our governments have kicked the can since the 80s. If you issue a 20 or 30 year bond you are saying I'm not paying for this, but kids born today are definitely good for it. Not all debt is bad but our government is using it poorly. A 30 year bond on a bridge with 60 year lifespan is good debt. A 30 year bond on 2 expensive, 20 year wars with no positive objective is bad debt.
- pcrh 5y agoThat's not quite the same argument as implied by the previous statement "the old have done nothing to help the young". Said argument reminds of Monty Python's "What have the Romans ever done for us".