Discuss a nation in debt: How can we pay the bills? – 5 important facts to note
Discuss A nation in debt: How can we pay the bills?
In Chapter 4 of the text, the author examines commutative justice across the generations (see Section 4.5). This idea arises from the writings of British political thinker Edmund Burke (1790): nation in debt
“Society is indeed a contract… a partnership in all art, a particular in every virtue, and in all perfection. As the ends of such a partnership cannot be obtained in many generations, it becomes a partnership not only between those who are living, but between those who are living, those who are dead, and those who are to be born…” (Reflections on the French Revolution, para. 165)
Burke’s idea of a social contract between generations is often cited in contemporary debates about the spiraling nation debt of the United States. What do young and old citizens living today owe, as a matter of commutative justice, to generations of citizens who are not yet born? Is it just for today’s citizens to demand policies (e.g., low taxes and high levels of government service) that create huge debts for future generations to pay?
Your initial post must analyze the commutative justice issues of the national debt. How can there be a social contract between citizens living today and future, unborn citizens? What are its terms with respect to the national debt? How is the perspective of many living citizens on this contract likely to differ from the perspective of future, unborn citizens? What should we do now to fulfill our obligations under this contract? How should this contract be enforced?
To help you successfully complete this discussion, review the following required resources: nation in debt nation in debt
- Debt, deficits, and demographics: Why we can afford the social contract
- Viewpoint: Why the young should welcome austerity
- A nation in debt: How can we pay the bills?
Your initial post should be at least 300 words in length. Support your claims with examples from at least two of the required resources for this discussion, and properly cite any references. Respond to at least two of your classmates’ posts by Day 7 whose viewpoints are different from yours. Each peer response must be at least 125 words. Stimulate critical thinking by contrasting your perspective with your classmate’s and explaining yours, or by asking your classmate a question and explaining why your question is significant.
THE BOLD TYPE ARE THE QUESTIONS THAT I NEED ANSWERED ATTACHED IS THE ENTIRE TEXTBOOK CHAPTER 4 . SEC. 4.5 SHOULD BE READ AS WELL