Canada ’74, Druckenmiller ’75 Warn of ‘Generational Theft’ (Wall Street Journal)

In an editorial published The Wall Street Journal, Geoffrey Canada ’74, Stanley Druckenmiller ’75 and Kevin Warsh write that while they come from different backgrounds and have different political beliefs, they all share the same concern that “government spending levels are unsustainable.”

“One of us is a Democrat; one, an independent; another, a Republican,” they write. “Discretionary spending must be reduced but without harming the safety net for our most vulnerable, or sacrificing future growth (e.g., research and education).” Their worry, they say, is that “failure to reform the entitlement culture, reaffirm long-run objectives, and re-establish a common purpose will mean a dimming of opportunities for American children today and for future generations. And a great nation will have ceded more than its greatness, but its goodness.”

Comments

  1. Georgia Newcomb says:

    All true and well said as long as entitlement reform includes the corporate entitlement culture as well.

  2. talk about expressing the obvious! one would have to be an idiot to disagree with what these guys are saying. the six million dollar question is: “how do you break the gridlock on capitol hill and effect change?”

  3. Dillon Sandhu says:

    “Discretionary spending must be reduced but without harming the safety net for our most vulnerable, or sacrificing future growth (e.g., research and education).”

    –I’m not sure if this is possible. Perhaps through massive military cuts.

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