Timesonline: Recovery should not come at a cost to our children

Conclusion: "It is sometimes helpful to see these political forces through an intergenerational lens. Like higher house prices, like the collapse in private-sector investment, the rise in government debt represents a transfer of resources from young to old. Public borrowing isn’t a free lunch, it’s simply taxation deferred. Politicians have few incentives to cater for the young, still less those unborn. But if we, as electors, care about the longer-term future of the country, we must do our best to hold their feet to the fire. We must ask what they intend to do, not just about government spending next year, but to support productivity and national income well beyond that."