The federal debt is overwhelming and has been created by both Democrats and Republicans. The greatest threat to every American having a better future is the overwhelming deficits that will eventually lead to uncontrollable inflation and devaluing of the US dollar. Spending needs to be controlled. Our children and grandchildren are the future and, unfortunately, politicians on both sides have already spent their tax dollars and many of these children haven’t learned to speak or walk. How can it be fair or even remotely ethical to spend someone else’s money without their representation? After all our great nation was founded on the principal of no taxation without representation. Our leaders have essentially taken out credit cards in our future children’s names and maxed them out. These poor children will be left with more debt, higher taxes, and limited economic growth due to American leader's actions from yesterday and today. America is the greatest and wealthiest nation mankind has ever seen. Generation after generation has left America stronger and wealthier than the previous generation. Why should we be any different? We need to take action today to secure our future and, more importantly, our children’s future. Why should you care:

Inflation - the US dollar loses its buying power, meaning ultimately, you will pay significantly more for goods and services than you do now to offset the debt obligation 

Lower standard of living - government will be forced to limit spending on everything other than the interest on the current debt obligations, including defense, social security, Medicare and other entitlement programs 

Increase cost to purchase and own a home - government sets the short term interest rates, so as interest rates increase, homeowners will be forced to pay more in interest for homes and other loans (cars, etc.) and will disqualify a significant number of potential borrowers

Debt obligation - the closer a government is to default on its loans, the country loses its social, economic, and political power