It will remain very tempting for each generation to say, “My grandchildren will be two or three times richer than I, so who cares if they have to pay some debt?” Moreover, the political cycle creates a very strong deficit bias, as leaders seek to embellish feelings of economic health and prosperity by raising visible expenditures at the cost of hidden debts and lower long-term investment.
Il restera toujours très tentant pour chaque génération de dire « Mes petits-enfants seront deux ou trois fois plus riches que moi, quel est donc le problème s’ils doivent payer un peu de dette ? »