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There really are 3 options. If we pay off our debts, then we do not bequeath them to future generations. We can also default on our debts, and again will not bequeath them to future generations. Or if we don't like those two options, then yes, public debt will become a burden for future generations. Then those future generations will have the same 3 options for dealing with those debts.
Slavery
Future scandles in the Europeon land. (E.G. WW1 WW2
• It may lead to wasteful government spending .. • It creates inflation • It is a burden to future generations • It is the reduction of future consumption and savings • It dampens incentives to do productive or business ventures
yes
he didn't want to burden future generations with the debt.
Encore... For Future Generations was created in 2006.
No it isn't. The preservation of the sites are necessary for future generations to come
how to better manage natural resources for future generations
Future Generations Graduate School was created in 2003.
The problem with debt is you need to repay them. A large national debt would be detrimental to the future generations as they will bear higher tax burden to repay these debts. There are lesser benefits as well since portions of Government revenue will have to be allocated to return debts.
Future generations