Let me break this down for you. I’m 33 and a child of babyboomers. What does that have to do woth anything? Nothing. Just tryong give generational relevance. Anywho, I figure I’m paying off the Cold War and parts of Vietnam. Spending kind of went apeshit crazy in 80′s so I’ll hand over some of that to that generation born in the 80′s to early nineties.

The other kids born in the 90′s are paying off the spending that happened in their decade and up until the first tax refund of the 2000′s though I guess that was funded through a previous surplus. Not really sure how that works out, but it was pre-9/11 logic that seemed to have worked at the time.

Speaking of 9/11, that event really ramped some spending which I believe foisted off on the kids born in the aughties. We had two wars, another tax cut/refund, a prescription drug benefit thing, and a corporate bail out. Whew. This is all before the current administration. Using the Cold War as an example, I’m willing to push the payoff until maybe the late 10′s or even early 20′s.

Now we have yet more corporate bail outs, a stimulis package, healthcare reform, the same two wars, and yet more to come. The payback gets pushed into the 20′s and 30′s.

So, sure, your kids’ kids may be paying for it, but depending on your generation, your kids’ kids are already paying something else off. Think before you react. Do the math. Stick it to the man, tell your kids to not have children of their own.

We could just all hope that the 2012 premonitions come true which I’m sure will be blamed on Obama.