U.S. Debt Is Child Abuse: Laurence J. Kotlikoff, Richard Munroe

We don’t want to think about it, let alone read about it, but higher taxes are on the way.

Two tax hikes were passed this year and another is likely. These new taxes are supposedly being levied just on the rich. But over time, they will hit most of our kids. And they are just the beginning of our children’s and grandchildren’s tax trauma, given Congress’s inability to curb spending.