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The problem is not just that the government is engaged in reckless deficit spending -- "credit card purchasing" with the debt passed on largely to later generations; the problem is also what we are spending the money on. Most of the deficit spending now going on is targeted to benefit the largest corporations and wealthiest individuals in the form of "give-aways" intended to increase campaign contributions to those doling out the money. The government is simply shuffling money without receiving anything in return that can be invested for the future benefit of generations to come. There is no investment in infrastructure, no demand for corporate accountability, no regulation of unfair business practices, no protection of the environment, no effort to spur free market competition, and no real measures to provide educational reforms or relieve the pressures caused by increased healthcare costs. What the government does with money it takes in, or what it demands for money it doles out (whether in tax cuts, grants, or government spending) matters immensely. We are creating a huge national debt and have little to show for it except a huge national debt and mounting critical needs.
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