Generational Theft: The Fleecing of America's Children March 26, 2009

The Heritage Foundation

In the past 12 months, the federal government has laid $1.2 trillion in the name of stimulus, $700 billion for the Troubled Assets Relief Program, and over $400 billion for the Omnibus spending bill in debt on future generations of America. Yet there has been no effort, once the economy recovers, to put the federal government on the path to balancing the budget and reducing the federal debt. Senator McCain will discuss his own stimulus plan, the federal government’s spending spree and an alternative vision for the proper role of the federal government to spur economic growth and to refrain from wasteful federal spending highlighted by the thousands of earmarks in the Omnibus spending bill.

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