The future generations of Irish Children are being mortgaged to an extreme extent to pay overgenerous welfare rates to the current population.
More than 75% of the National debt is borrowed to meet current spending to service the €21 billion annual Welfare bill. 25% of the National debt has been borrowed to meet the cost of the destruction of the Irish Banks to ensure depositors got their money back.
If progress can be continued in the management of the economy and finances the cost of servicing the National Debt can fall further.
I have yet to hear many people complaining about this massive scale of borrowing to fund Welfare spending.
The cost of servicing this debt will impact to a huge extent on the services that the children will get form the State in return for their future role as taxpayers.
To what extent is it moral to impose debt on future generations of our Children. Certainly debt incurred to provide them with infrastructure, and providing them with education is good value for them, but debts felt to them for current spending must be immoral whatever the need of Welfare consumers!