the more we pay now the less we pay later. every year were adding 500 billion to our debt, and when the baby boomers retire that number will increaes dramatically. NOt to mention a big hunk of what we pay every year, doesn't even go to pay for government services. It pays off this years interest. The more we pay now, the less we pay later.
If we do not start managing our money, and pay a responsible amount of taxes and lower spending within a few decades we will become a third world country. And because of the web of ecnomic relations throughout the globe, the rest of the world will fall into poverty as well.