Many millennials have high hopes for the future that include addressing climate change, pioneering improvements in health care, making college more affordable and keeping the country strong.
But Chase Hagaman, New England regional director for The Concord Coalition, says millennials “must also grapple with some unpleasant realities that previous generations have handed us: massive government debt and unsustainable long-term fiscal policies.”
Many millennials have high hopes for the future that include addressing climate change, pioneering improvements in health care, making college more affordable and keeping the country strong.
But Chase Hagaman, New England regional director for The Concord Coalition, says millennials “must also grapple with some unpleasant realities that previous generations have handed us: massive government debt and unsustainable long-term fiscal policies.”
In a recent op-ed in the New Hampshire Union Leader, Hagaman points out that critical parts of the federal budget are being squeezed down to historically low levels by several factors: an inefficient tax system, interest on the federal debt, and the growth in spending on entitlement programs.
Unfortunately, he writes, in recent decades “warnings were repeatedly ignored and opportunities for reform were squandered.” It is wrong, he argues, “for one generation of Americans to plunder the pockets of the next.”
He urges millennials to emphatically reject the nation’s current course and to pursue “an honest discussion on the financial state of our country, one that considers the costs of policy pursuits, their generational impacts and appropriate solutions.”
