Stealing From Our Children Who Inherit The National Debt

Conservatives tell us that we are stealing from our children by passing our national debt on to them.  Now we are getting the same warning from a liberal who has been an economic adviser to the Democratic Party.  Dean Baker argues that this is a specious argument.  He claims that if we share the future gains in productivity with our children they will do just fine.  Their incomes will be much higher and the cost of providing for entitlements, relative to their future income, will not be a problem.  He also points out that we pay medical providers 2-3 times what they are paid in other rich countries.  Fixing that problem would do more to reduce budget deficits than anything else that we might do.