I’m no economist. In fact, I can’t even claim to have taken an economics class. So if the following seems clueless and simplistic, please (nicely) help me see where my reasoning is wrong.
See, I’ve been thinking about how our childrens’ children will wind up footing the bill for this stimulus plan. And that got me to wondering… by the same logic, doesn’t that mean that WE have been paying for the FDR deals that helped our grandparents out of The Great Depression?
If that’s the case, perhaps there’s some kind of tie between being burdened with a previous generation’s debts and a tanking present economy.
In other words, did yesterday’s signing of the economic stimulus bill essentially seal the deal guaranteeing another, possibly greater, financial crisis for our grandchildren?