“A lawsuit supported by the National Taxpayers Union and two state attorney generals has been filed on behalf of 60 million children, charging that deficit spending benefits today`s adults at the expense of youth who will have to bear the future burden. The novel suit names Treasury Secretary James Baker as the defendant, and it seeks to enjoin Baker from issuing any new instruments of federal debt except in certain instances and to compel the establishment of a schedule to reduce the deficit. It also argued that by forcing children to assume responsibility of debts now incurred by fiscally irresponsible adults, children are being denied equal protection of the laws under the 5th Amendment.”
Related posts:
Bermuda offshore wealth firm reveals 2016 hack of client data
Bitcoin Miner Taps Dad’s Austrian Power Plant in Virtual-Money Hunt
Tim Draper: Why Bitcoin Is the Smart Bet in Tech Investing
Venezuela To Mandate Fingerprinting Grocery Shoppers By Year End
Saxo Bank faces £70m losses after Swiss currency turmoil
NPR: Lawmakers, Banking Regulators Take On Bitcoin
Australian spies participating in global deal to tap undersea cables
Gun Shoppers Stock Up Before California Long Gun Registry Begins
Gold Smuggling to Climb in India on Tax Increase, Festivals
E-commerce in China: The Alibaba phenomenon
Can Congress stop Trump from supporting Saudi Arabia's war in Yemen?
Swiss solar aircraft returns from cross-US flight
Venezuelan President Maduro 'to expand price controls'
The cashless society is coming. More reason than ever to use cash
90% of NSA-intercepted chats found to be non-targeted Web users