interest rate cuts reserve bank RBA
(Image: Getty)

Uh oh, alarm bells! Fiscal conservatives are talking sympathetically about young people again. That only ever means one thing: Australia, we're in for another round of debt and deficit moralising.

We young ’uns are by now accustomed to advocates of "small government" suddenly developing concern for our futures whenever the debt-GDP ratio ticks up a notch. They periodically use us as a rhetorical prop to espouse the supposed evils of expanding public expenditure, for we shall supposedly be saddled with higher taxes or fewer services to pay the bills in years to come.

It might be believable if they showed a modicum of concern for, say, climate change or our unfair tax system -- far greater burdens on our collective future. But given their preferred generational bargain seems to end right where their class interests begin, few of us buy the squawking about bogeyman creditors.