Compounding Debt? Indentured Servitude?

Question

Is the current trend of spending debt upon spending debt a process that enslaves successive generations to pay an elite class for material resources being consumed today?

Floating bonds and securities for infrastructure which will be out of service before debt is retired seems immoral.

Answer 1

Ok.

Answer 2

The value of debt always depends on how the money is invested. Are the shareholders of Boeing worse off because they are burdened with tremendous borrowing? If Boeing is employing those funds to hold picnics on the runway in Everett, perhaps they are. If they are using them to design an dbuild new aircraft, probably not.

Answer 3

Every bond that gets issues is a promise that today's generation is making to enslave tomorrow's generation to repay.

We need to balance the budget in this country..... Else China will be our Master and we the Slave.