4 ms·

Who borrows money from babies?

• slivanes 5y ago
  National debt.
• deleted 5y ago
  [deleted]
• yardie 5y ago
  Politicians. 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 ago
    That'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".