“When I think about the financial burden we are leaving on future generations, I like to imagine some very cheesed-off looking toddlers, in diapers and tri-corner hats, with muskets and a banner reading: “No Taxation without Representation.” The Class of 2028 did not ask for this.” ~ Kevin D. Williamson
I can see my three-year old in a tri-corner hat pretty vividly actually (though in fairness, this is because she was wearing one this weekend.) Kevin is riffing off this op-ed by Dustin Siggins who writes:
[I]t will be the Debt-Paying Generation – Americans between five and 30 – that will carry that burden. With education and health care costs skyrocketing and the older members of the DPG generation unable to find work to begin saving and invest in their futures, this burden will indeed be a great one.
It’s really hard to make predictions about where we will be financially in ten or twenty years, but one thing is certain: if healthcare costs are not contained, we will be in much worse shape than we are today, especially with greater public involvement in the provision of health insurance. As Avik Roy notes:
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