That's how they decline. And what it's also doing is depriving all of our children and grandchildren of their future. Because When you deficit spend, all you do is you pull growth out of the future into the present. And we're leaving them saddled with enormous amount of debt. And I find that morally wrong. So that is a big reason why I'm standing here today. (06:33–06:39)
CLAIM
Asserts that deficit spending accelerates current growth at the expense of future growth.
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