Inter-generational debt can and does destroy both societies and governmental systems. I'd argue that over the next 40 years, it's probably the biggest problem the western democracies are facing.

I didn't want to dive too much into the political side of this, but I found your comment to be a little too flip given the nature of the topic. One of the major advancements in civilization was the idea that parents _cannot_ pass their debts down to their children. That worked great for many decades, but we seem to have found away around that by collectivizing it. Not good.