At some point in the future, perhaps within the next half-century, interest on the national debt will eat up the federal budget to the degree that paying off any substantial portion of the debt will be unfeasible. The trajectory of spending on Social Security and Medicare and the debt they incur pose a grave threat to the stability of the world in which our children and grandchildren will live.
FEE’s mission is to inspire, educate, and connect future leaders with the economic, ethical, and legal principles of a free society. These principles include: individual liberty, free-market economics, entrepreneurship, private property, high moral character, and limited government. Visit https://fee.org