There is no moral justification for the National Debt. This only gets more obvious with the duration of the issued debt. National Debt requires future taxes to be payed off. National Debt can be summed up as “We cannot budget, and we demand that our children bail us out.” Note that on 30 year debt, many people who will be paying the taxes to cover that debt haven’t even been born yet.

The future did not elect our current government. The future did not cause the current problems. Is there any way you can choose to justify having the future pay for today’s spending? If you want to invest in our future, that is your right. You may have your legacy. But even investments intended to benefit the future should not be paid for by the future. They should be paid for by cutting spending from today.

The US Debt has grown at an increasing rate every year except for during the Clinton years (I’m not necessarily giving credit to anyone for that fact). As a nation, we have become more reckless in mortgaging our children’s future to fix the mistakes of the present. Every dollar we spend that we finance with debt is a dollar not spent by our children investing in education, building businesses, in consuming goods, or in funding their own government projects.