Modern American Bond-Servants

By Michael R. Winther, President of the Institute for Principle Studies

As we go to the polls on this “Super Tuesday”, many of our ballots will include one or more bond measures.  As we ponder our votes, it is good to remember that bond measures are deficit spending. 

All too often, Americans condemn debt and deficits, but then vote for bonds.  We should consider that many of those who vote for these bonds will die before they are paid off.  Still worse, Americans who are not yet old enough to vote will be paying these debts (and the interest) for decades. 

Where is the justice in that?