By: Alec Wilcox
Throughout these two weeks in Washington DC at The Washington Center, I have gotten the opportunity to become more informed on issues, and have my current views challenged. There is nothing more I could ask for than this. Whether it be discussing race in America or foreign policy, my views on these topics have been informative in some way or another. Today the topic was the economy and specifically, the national debt. I was aware of how large our national debt was, but the impact on my generation is something that I often overlook. I also know that I am not alone in this regard.
James A. Thurber, the man in my featured photo, discussed how this extreme national debt would soon become the millennial’s problem to deal with. This is because the result of increasing national debt will be tax hikes administered to Americans. Unfortunately for the millennial, this generation is soon to be the largest group in the workforce. Therefore, we will be the one’s dealing with the results of the government’s national debt continuing to rise by paying much higher taxes, so that the government can obtain a much needed increase in revenue.
While millennials for the most part do care about economic prosperity, it seems that our generation often overlooks national debt as a large obstacle to economic prosperity. Many consider social issues, job growth, etc. to be most important, while overlooking the negative consequences directed toward these issues by the national debt. Unfortunately the government’s ability to deliver on these issues will somewhat be contingent on the state of our national debt. If it rises to even higher levels, the federal government could have major issues that directly impact citizens.
Maya MacGuineas was the second speaker of the day, and she had a similar point of view
regarding the problems millennials will be dealing with because of the extreme national debt. She also mentioned how detrimental the gridlock in Washington was to any progress that could be made in resolving the ever-rising national debt.