"Then, no generation can contract debts greater than may be paid during the course of its own existence."
-- Thomas Jefferson
Problem and Solution
This is an open letter to young Americans. Your future -- and the future of your children and their children in turn -- will depend on how well we understand the crisis we now face. We can not rely on the political process to self-correct this time. This problem will not be solved unless the citizenry understands its causes and solutions.
The six pages of this web site describe the problem and its causes, and suggest some simple, common sense solutions.
But less than half of all citizens pay taxes. The debt per taxpayer is $109,000. This means a child born today who will one day become a taxpayer, starts with a debt of over $100,000.
And these figures do not include unfunded Medicare and Social Security liabilities, nor the exploding debt of states and municipalities.
You probably know someone who spends beyond their means and when they can't pay the bills, borrows more. Most of us would not do such a thing. But our government is doing it for us -- with our money and our kids' money.
Our children have no say in the matter. This is -- at best -- taxation without representation in a form far more insidious than that protested at the "Boston Tea Party." At worst, it is nothing short of stealing. If someone stole your wallet, you would be angry, right? Well, this is your kids' money, and it is not a wallet; it is $160,000. The government has no right to do this, and it is destroying the country.
Most voters think, "We can trust those in charge to do the right thing." Wrong. History has proven repeatedly that we can not just sit back and trust the system.
What can you do? It is not enough for the pendulum to swing toward fiscal conservatism and then back to politics as usual. The message we send to Washington must be so loud and clear that it will not be forgotten for a hundred years.
The participants of the 1773 tea party risked their lives to stand against taxation without representation. Soldiers have given their lives to defend the system they created. Are you willing to simply forward a link to a non-partisan page that educates people about the facts?