Territory lawmaker signs
on to a bill that aims to secure financial responsibility for generations to
John Thune (R) from South Dakota and Democratic
Senator Tim Kane from Virginia
have introduced the Intergenerational Financial Obligations Reform Act.
require government offices to provide a detailed analysis of how congressional
budgets and major pieces of new legislation would impact future generations.
It would also require the president to provide a detailed
account on how the administration's budget would affect young people.
planning just for today, but also thinking in terms of the impact this is going
to have on our children and our grandchildren, and that's something that's way
too rarely used around here," said Thune.
current practice congress is only provided with budgetary impacts for the next
The new bill would require reports that look up to 75 years down the road.