( CNN) Trillion dollar deficits, once deemed to be a temporary stimulative measure aimed at healing the wounds of the Great Recession, are becoming accepted as business as usual in Washington.
As budget deals are hashed out and both parties reach common ground on issues that affect all Americans, talk of fiscal discipline is curiously absent. It seems we’ve reached a new bipartisan consensus that’s troubling for the taxpayers of tomorrow — in Beltway politics, deficits don’t matter anymore. As a 33 -year-old, I’m one of those who ultimately will have to pay the price.
Nearly ten years ago, red ink was splattered all over our nation’s balance sheet, and that caused an hubbub among countless Americans. The federal government blew a gaping pit in our budget, funding unprecedented efforts to stabilize the economy on the heels of a near-depression.