borrowing against the future

the american people do it. the american government does it. but why?

yes, in some cases, it can be necessary, or even beneficial. it can make fiscal sense. but borrowing against the future to create a bubble now seems like the worst idea ever. when the bubble pops (i.e. you run out of that future money), and you need a stable base to cushion the fall... the base will miraculously disappear--into the past.

are people just hoping that the bubble will outlive them? seems like a stupid gamble and a bleak outlook on life to me.

creating a problem to solve a problem isn't problem solving. it's problem displacement.

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before you try to tell me that the purpose of the future money *isn't* to create a bubble, and that it's meant to grow... i'll pose one question: apart from a few large names, aren't we placing the future money in the same hands that lost all the current money?

good intentions don't automatically mean good actions.