Republicans are dangerous simplifiers.

All you hear from them is that Democrats "tax and spend".   

Obama's plan, though, is to "tax and invest".   

Invest in things like education, science and medicine.   And alternative energy. You know, that fantastical futuristic "magnetic levitating train" Republicans think is pure fiction?   These "maglevs" are already transporting millions of commuters in Germany, Korea, Japan and China.   And the United Kingdom, Venezuela, India and Pakistan have projects in the works.  So it's not the future.  It's the present.  Now if Republicans don't even want to invest in the present, we'll be stuck in the past.  And there's no future in the past.  

It is progressive to tax and invest.  

Now are we saddling future generations with debt?  No, we're investing in future generations so they can reap the dividends of American progress and ingenuity.  

If we tax and "spend" trillions on everything but things like education and medicine and technology, then yes, we are handing them a debt they would never ever be able to pay off.

And if we don't tax and we don't spend and we don't invest, what would America's future be?

I don't know.  Ask a Republican.