National Debt Essay Contest by The Gatestone Institute Challenges Youngsters Who Will Pay the Bill - The Bakersfield Californian

NEW YORK--(BUSINESS WIRE)--Dec 14, 2021--

Warning that the devastating impact of a multi-trillion dollar debt increase now being created by the Biden budget will fall squarely on the shoulders of a generation of Americans blithely unaware of the fate that awaits them, philanthropist, national real estate investor, and Gatestone Institute Board member Lawrence Kadish and the Gatestone Institute have launched a $100,000 national educational essay contest that challenges young students to share their understanding of the looming Biden debt, the role of Treasury Secretary Janet Yellen, and how their generation intends to pay down their share of the deficit.

Entitled, “The Gatestone Institute's Student Contest on America's National Debt,” selected essay winners will be provided with up to $10,000 cash, (if there are ten winners at $10,000 each), or as provided for in the rules of the contest, determined by a panel of judges selected by Gatestone, and chaired by Larry Kudlow, former Director of the National Economic Council.

Inalienable rights do not include pork barrel spending

Mr. Kudlow said, "We were endowed by our Creator with the inalienable rights of life, liberty and the pursuit of happiness. We were not endowed by the Federal Government. We were not endowed by entitlements. We were not endowed by pork barrel spending; we were not endowed by budgetary earmarks, and we were not endowed by confiscatory taxes."

Mr. Kadish stated, "Economists warn that by the time many of...

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