Although older Americans often talk about wanting a bright future for their children and grandchildren, irresponsible fiscal policies continue to dim that future year after year. High government debt and unsustainable benefit programs threaten to burden tomorrow’s citizens with extremely high tax rates – and far fewer government services.
Temporary deficits may be justified by difficult economic times. But we have a moral obligation to younger Americans and subsequent generations to develop credible plans to start paying our own way. Thanks to recent recommendations from bipartisan panels, elected officials have a wide range of possible solutions to consider.