Earlier this month in the first presidential debate, Mitt Romney made an unusual argument by modern political standards: that long-term deficit spending is not just an economic issue, but a moral one. “I think it’s . . . not moral for my generation to keep spending massively more than we take in, knowing those burdens are going to be passed on to the next generation.”
This is a notable occurrence, not just because Romney is frequently chided for being cool and detached, but because it represents a return to something our founders knew but succeeding generations have forgotten…
