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Future to pay for current consumption

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The U.S. and many other governments spend more then it raises in taxation almost every year. Since 1965 the federal government has balanced its budget 4 times (1969, 1998-2000). What are the moral aspects of this? What are the moral failings of the people (government and voters) that allow us to justify non-stop borrowing from the future to pay for current consumption? What should people do? Why don't they do anything?

Reference no: EM132506971

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