Premise: He sees this pathological concern for future generations carrying over to the deficit as well, and has a similar defense of our spend-happy ways and insatiable need to  Our grandchildren are going to be a bunch of spoiled, rich little brats, undeserving of all the concern we've been giving them.
Hypothesis: He doesn't think we need to worry about our grandchildren becoming spoiled if we give them too much. 
Label: contradiction