The principle of spending money to be paid by posterity under the name of "funding" is but swindling futurity on a large scale. ~ Thomas Jefferson
What’s the Fuss About?
Millennials at The Can Kicks Back have done their homework. Over the last 30 years, the economic gap between younger and older Americans has dramatically widened. While senior poverty has decreased by 5%, rates of child poverty have remained higher and virtually unchanged. Changes in the way government taxes and spends have contributed to shifting more resources to older Americans. Entitlement spending is crowding out everything else so that other priorities are ignored. The national debt is out of control. The national debt is the result of Federal Government overspending.
Add State and Local Government overspending and debt to the Federal Government overspending and debt and you’ll conclude that government decision-makers at all levels are intentionally forcing future generations into poverty through irresponsible government overspending.
Government overspending at all levels must stop. In Coronado city, our colossal government debt of around $500 million swindles future generations out of a healthy financial future. Coronado's off-blance-sheet Pension Debts and Redevelopment Debts total around half a billion dollars. As your Councilwoman, one of my priorities is to eradicate city debt in Coronado, not continue business as usual as city officials overspend our children and grandchildren into poverty.
What You Can Do About It
If you care about your financial future and the financial future of your children and grandchildren, continue reading www.DailyCoronado.com by clicking here.
