Increased government debt leads to this

Yet we don’t talk confidently about capitalizing and expanding on our natural and inherited wealth. Instead, Americans bicker over entitlement spoils as the nation continues to pile up trillion-dollar-plus deficits. Enforced equality rather than liberty is the new national creed. The medicine of cutting back on government goodies seems far worse than the disease of borrowing trillions from the unborn to pay for them.

Quote source

Hanson, V. (2013). Why Do Societies Give Up? Victor Davis Hanson’s Private Papers. Available http://victorhanson.com/wordpress/?p=859. Last accessed 14th Mar 2015.

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