WASHINGTON — Now comes the pesky question of how to pay for the progressive agenda. Or, more precisely, how to pay the huge price of the minority portion of the agenda’s cost that will be financed by taxes rather than money-creation or borrowing. Borrowing means future generations pay, but as has been said down the ages, what has posterity ever done for us?

The tedious fact is that there are only two ways to finance a government, present taxes and future taxes (counting the stealthy tax of inflation). Debt is taxation deferred.

George Will’s email address is georgewill@washpost.com.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.