Niall Ferguson ho explica de forma genial en l’article “Reith Lecture: 'We’re mortgaging the future of the younger generation'”
The heart of the matter is the way public debt allows the current generation of voters to live at the expense of those as yet too young to vote or as yet unborn. In this regard, the statistics commonly cited as government debt are themselves deeply misleading, for they encompass only the sums owed by governments in the form of bonds.
(...)These mind-boggling numbers represent nothing less than a vast claim by the generation currently retired or about to retire on their children and grandchildren, who are obligated by current law to find the money in the future, by submitting either to substantial increases in taxation or to drastic cuts in other forms of public expenditure.I afegeix una reflexió sobre el veritable contracte social:
In his Reflections on the Revolution in France (1790), Edmund Burke wrote that the real social contract is not Jean-Jacques Rousseau’s contract between the sovereign and the people or “general will”, but the “partnership” between the generations. He writes: “SOCIETY is indeed a contract… The state … is … a partnership not only between those who are living, but between those who are living, those who are dead, and those who are to be born.” In the enormous intergenerational transfers implied by current fiscal policies we see a shocking and perhaps unparalleled breach of precisely that partnership, so brilliantly described by Burke.Amb tot això, per ell la conclusió és òbvia (la negreta és meva):
It is surprisingly easy to win the support of young voters for policies that would ultimately make matters even worse for them, like maintaining defined benefit pensions for public employees. If young Americans knew what was good for them, they would all be in the Tea Party.Provocador com sempre, però té raó: nosaltres generem un deute que pagaran uns altres.
I dues reflexions per acabar:
- Amb el medi ambient molta gent es preocupa per com estarà el món d’aquí molts anys, del món que deixarem als nostres fills. Per què no aquesta preocupació també amb el deute públic?
- No hauríem d’esperar que els més joves es fessin del Tea Party: "els joves però no tan joves", i els més madurs, hauríem de ser els que demanéssim contenció en les finances públiques