If the deficit spending were to ensure an overall improvement in GDP growth, then the inflationary prussures created by deficit finance would be absorbed by the economy easily.

It is when the purpose of deficit spending is to shore up sagging bottomlines of corporations that we pass on the economic prussures to the generations to come.

We are indulging in an unavoidable irresponsible behavior, I would say, considering the state the economy is in at the moment.

Lets hope the future generations will be smarter than us and will find ways to get out of the legacy we bestow on them.

Yes. All important decisions are made by politicians corrupted by the shadow (permanent) government without our knowledge or consent. Today's so-called democracies make a mockery of the meaning of the word, "Democracy," virtually always creating results diametrically opposite the will of the governed and perpetually plummeting them into further debt.