“Isn’t it a shame that future generations can’t be here to see all the wonderful things we’re doing with their money?”” — Earl Wilson
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This quote suggests that Earl Wilson was skeptical of fiscal policies that accrued significant debt obligations to be paid by future generations. When he refers to “all the wonderful things we’re doing with their money”, he’s implying that government spending today funded by borrowing against future tax revenue will impose greater financial burdens on taxpayers not yet born.
Wilson seems to view this as unfair, suggesting in the rhetorical question that it’s “a shame” these future generations are not around to have a voice in how money they will eventually pay in taxes is being spent and committed to current programs, policies and priorities.
Overall, the quote presents a critique of long-term debt financing of present spending, implying it prioritizes short-term gains without full consideration of the consequences for fiscal responsibility that will affect taxpayers decades in the future.