Of course simply transferring SS bond redemptions into the national debt passes the obligation to future generations as well.
That's just it, future generations do not just inherit "debt", they benefit from all the productivity and hard work that creates a high standard of living
that past debt has made possible. Each generation is a steward of both the debt and cultivating the real value in the economy that the debt is created to purchase and directly results in our high standard of living. If we fail, it won't be because of too much debt, it will be because this nation failed to invest in education, healthcare and eliminate barriers to self-improvement. Instead, concepts of "greed is good" or "self-regulating capitalism" *(the latter being an oxy-moron). It isn't the 20-40 somethings with their social liberal agenda that is destroying the country, because frankly that have very little power to do so. It is the 60-80 something's that have most of the wealth, influence and power in this country that have promoted Libertarian ideals that have divided this nation in ways we've not seen in more than a century.
Let's just give an example. Biden wanted to relieve students of crushing burden of insane levels of student debt. The right collectively clutched their pearls and sobbed and cried about how unfair it was that student's borrow and not be responsible for their obligations and why should "other people" have to pay for it.
I received my bachelors in the late 80's and paid on average $1600 in tuition ($4500 in inflation adjusted dollars) and because my parent's were just making it, I received a Pell grant (free money) that paid for 1/2 of it. The other half I paid with my part time job working in a grocery store for the staggering sum of $21.78/hr cutting meat and cheese in the Deli.
I just put a daughter though school at James Madison University for $90,000 and she still has graduate school to look forward to.
Now I'm going to guess you are probably my age or older. If that's true then you benefited from the generations before you who created a system that allowed for low cost education, hell if your old enough, you could get a free education at City College in NY for free until 1976.
But, students should be
responsible at 18years old to take on $90,000 worth of debt. Maybe the adults should take responsibility for creating a system that has made education, childcare and health, just to name a few, all but unaffordable for the middle-class and below, hindering our nations investment in the next generation. Nope, way more important to make sure that your tax dollars aren't used for someone else's education, all while benefitting directly or
indirectly from the generations before you.
Now, college participation is declining and increasingly only certain segments of society will dominate the populations of college. This is a step towards a permanent underclass and assures that future tax burdens will fall on fewer number of people. The same people that are clutching their pearls today and complaining about how unfair it is to that they be expected to contribute to the education of future generations.
It's hard for me to convince myself that this nation, specifically the far-right and their Libertarian ideals, haven't already destroyed this nation we just don't know it yet.
The right is trying to convince people that the nation is declining because of immigrants and alternative lifestyles have lead to the moral decay and caused the nation to fail. No. it's greed, pure and simple. The idea that no person should be forced to participate in the common good. That's what will lead to the failure of this nation. A refusal to invest in the next generation unless they look and think like you.
