By Jack Parkos | United States
There are two ways to conquer and enslave a country…One is by sword. The other by debt. – John Adams
The US national debt is rising at a dangerously high rate. In fact, it is nearly impossible for me to write the exact amount of the country’s debt as it will change every second. Right now, the United States national debt is at 21 trillion dollars and is approaching 22 trillion. One can observe the rising rate by looking at the US national debt clock. America is the most debt-ridden country out there, which is something truly frightening to look at. Even as tax revenue goes up, the debt too goes up.
Many may wonder: how could this possibly happen? Quite simply, it was irresponsibility with our government. They keep spending more and more and never learn their lesson. Like a teenage girl with a credit card, they either had little knowledge of money or simply did not care. Essentially, we gave the teenage girl a credit card that won’t cancel, and we set her free to the mall. Now “she” racked up a bunch of debt, and someone must pay that off.
Naturally, this responsibility will fall unto the taxpayers. It would make the most sense that those who voted for the Congress that got us into the mess to pay it off through their taxes. But this will not be the case. The next generation will be the ones forced to pay off the debt, they will have trillions in debt slumped unto the backs of their shoulders. Already, the national debt per taxpayer is over $178,000. This will only continue to rise.
The Tyranny of Debt
The people who will be paying off this debt did not vote for the leaders who put them into this crisis. They had no say in the matter. The past generation forced this onto them. The responsibility mostly lies with the Baby Boomers. Since they did not vote for this and must pay the cost through taxes, are they not being subject to taxation without representation? Certainly, they are. Taxation is already high enough-now, and now the wallet of the American will have to feel the burden of another man’s debt. The colonists fought a revolution over taxation without representation, and now we simply punish future generations with this!
People can typically avoid credit card debt by being responsible. When they are not responsible they must pay back their debts. This is seemingly just, as they are paying debts that they got themselves into. But if someone was forced to pay another’s credit card debt, would this be justice? Would it be fair to punish someone for an act they did not commit? Any reasonable person would find this unjust.
Similar to paying for another’s credit card debt is paying the debt of the last generation-it’s simply unfair. Not only is it unfair-it is tyranny.
The current state of the debt is a crisis. We are already trillions of dollars in debt and Congress does not show any sign of changing its poor habits, still signing trillion dollar spending bills and raising the debt ceiling. Perhaps Congress needs to be taught a high school level economics course; where you learn to not spend money you don’t have.
Even if Congress stops its bad habits (which is unlikely), there is still trillions to be paid off, the next generation would see taxes increased and spending cut. The debt is owned by Essentially paying for services they never used. Unfortunately, the damage has already been done. The boomers gave millennials debt and the millennials are giving the current generation debt. If the current generation does not pay it off, the next will get the debt. This process cannot continue forever, economic failure will result if this keeps happening.
The future does look dark, but let this be a reminder to my fellow younger citizens that you should care about politics. The actions today will ultimately affect your future.
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