Should the US Constitution Be Amended to Limit Borrowing From the Future?

The U.S. national debt is at a staggering $28.6 trillion, which is $227,474 on each of us taxpayers, according to usdebtclock.org. The recent federal infrastructure bill adds $256 billion to the deficit over 10 years. Education standards are diminishing, and governments are loosening laws around petty crimes, to name a few indicators of portending trouble. Short-term measures and appeasement are increasingly gaining popularity at the cost of future prosperity. Every such measure must be seen as a debt that will need to be paid back in the future. For our progeny to sustain themselves and flourish, there probably should be legal provisions that limit governments from borrowing from the future, be it by way of direct debt, environmental impact, or any other direct or indirect maneuver. Appeasement that is done by politicians with an eye on the elections should be considered corruption. It amounts to bribing the electorate. Currently, it …

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