Ignorant statements such as "In the long run we are all dead" assumes that it is acceptable to burden the next generation with our own problems and our own debts. Politicians appear determined to take this ridiculously selfish statement and make it into a nightmare for the next generation.
This week the Treasury will be auctioning off and borrowing the following:
$27 Billion in 13-week Bills on June 7, 2010
$27 Billion in 26-week Bills on June 7, 2010
$26 Billion in 5-day Cash Management Bills on June 8, 2010
$25 Billion in 56-day Cash Management Bills on June 9, 2010
$21 Billion in 10-year Notes on June 9, 2010
$13 Billion in 30-year Bonds on June 10, 2010