"What's the grand strategy behind the idea of forever spending more money than we have? " It's more the other way around. Government appears to spends more tha

"What's the grand strategy behind the idea of forever spending more money than we have? " It's more the other way around. Government appears to spends more than it gets because people further down the spending chain don't spend everything they get. In other words to allow people to save what they want, government has to dis-save more than it would prefer. If we banned financial saving, the problem would go away no matter how much government spent. The grandkids are fine. The 'bill', such that it is, will be paid automatically when the grandkids spend their inheritance from granddad. That's what a Treasury Bond, a Gilt or a JGB is - a savings asset. As ever it pays to look at both sides of the balance sheet. For every liability there is an asset. It all has to sum to zero.