It appears that Generation Greed is responding to the upcoming elections the way it always does — by selling out the future of the country and younger generations. The Obama Administration came in promising investment in America's future, funded by borrowing, through the Build America Bond Act. But older generations don't want to build America, they want to securitize it as a way of getting more for less right now. And they are becoming more and more desperate as the diminished future ensured by 30 years of their past decisions continues to arrive.
So now, according to the Wall Street Journal, the Obama Administration proposes that the Build America Bond act be made permanent, with an ongoing federal subsidy (funded by the federal debt) for state and local bonds (more debt) issued not just for capital improvements (which might provide some benefit in the future when younger generations are forced to pay back the debt) but also to pay for more services and lower taxes right now. This might be the one Obama proposal that doesn’t get filibustered, as it is one that consistent with Republican principles. Not theoretical principles from the far off Republican past, actual ones from the past 30 years.