National Debt

Is Debt Rising on the Backs of Our Generation?

The harsh reality is that our generation will bear the brunt of the responsibility for paying down the skyrocketing national debt. According to the U.S. Debt Clock, the current U.S. national debt is over $14.6 trillion dollars and our total debt is nearly $55 trillion.

Our generation is inheriting all of these unpaid bills. If we take a closer look at how federal spending has changed over the past ten years, we see that increases in education spending fail to keep pace with increases in government spending on pensions and health care services. While we pay off the past, how do we afford to keep investing in our future? Involve America is asking you to get engaged in the discussion.

With all of the recent debate over the debt ceiling, it’s easy to lose sight of the critical role of entitlement spending in determining economic health in the coming decades. Big ticket items like Social Security and Medicare take in much less than they pay out, and with the anticipated doubling of the 65-and-over population in the next 25 years, these costs will spiral out of control. It’s no surprise, then, that a recent poll conducted by Generation Opportunity found that young Americans aged 18 to 29 consider national debt to be the top national security issue, trumping both dependency on foreign sources of energy and our indebtedness to foreign powers.