A debt worth passing on to our kids (Time to rebuild America)

[LuckyTheDog]

A lot is said these days about the ethics of piling up public debt and passing it on to our kids . What you don’t hear very often is that, sometimes, that’s the right thing to do.

My grandparents’ generation, for example, passed along a hefty tab for the cost of winning World War II. Another huge, inter-generational bill was created in the 1950s, when the federal government established the Federal Highway Trust Fund, floated bonds and levied new fuel taxes to build the Interstate Highway System.

In both cases, vast amounts of money were borrowed and spent. The cost was passed along to future generations. But, despite being obligated to repay the debt, the children and grandchildren of the Greatest Generation got a good deal. What we received – a country free of Nazi domination and a modern transportation grid – was more valuable than any federal surplus we might have inherited.

It’s time we did something similar for our kids by committing to rebuild the country’s aging infrastructure.

More here: http://blogs.detroitnews.com/politics/2013/06/19/a-debt-worth-passing-on/

[HiPointDem]

1. kr. and 'paying down' wasn't very onerous what with rising incomes and plentiful jobs.

[NYC_SKP]

2. What also comes with these things are jobs, and pensions, and security.

The current entitled generation, the 1%, have got to be the most selfish and short-sighted bunch this country has ever seen.