"We will do whatever it takes to make America a better country, to give our kids a better future," says Mike Huckabee, winner of the Republican Iowa caucuses.
"We will deliver for our children, our grandchildren and our great-grandchildren," claims Sen. Barack Obama, the Democratic winner.
"We're going to reclaim the future for our children," says Democratic Sen. Hillary Clinton.
Actually, these are throwaway lines, completely disconnected from reality.
Our children face a future of rising taxes, squeezed -- and perhaps falling -- public services, and aging -- perhaps deteriorating -- public infrastructure (roads, sewers, transit systems). Today's young workers and children are about to be engulfed by a massive income transfer from young to old that will perversely make it harder for them to afford their own children.
No major candidate of either party proposes to do much about this, even though the facts are well-known.
Elaboration follows in the article.