Common sense, a commodity that the Founders of our democratic republic possessed was responsible for their attitude toward a national debt. With wisdom born of experience they knew that the debts of a nation are no different than the debts of an individual or family. For dire circumstances such as war or natural disasters Article 1 of the Constitution allows the nation to borrow monies needed. However it was a matter of utmost importance that the debt be paid as soon as possible so that the nation could prosper.
This is reflected in what Thomas Jefferson said:
I, however, place economy among the first and most important of republican virtues, and public debt as the greatest of the dangers to be feared.
(Bergh, Writings of Thomas Jefferson, 15:47.)
Why is Mr. Obama pursuing a course 180 degrees opposite to what Thomas Jefferson recommended? Ask yourself that question; any rational answers?
Mr. Jefferson made a particular point about the immorality of passing on debt to ones children:
"That we are bound to defray (the wars) expenses within our own time, and unauthorized to burden posterity with them, I suppose to have been proved in my former letter... We shall all consider our-selves morally bound to pay them ourselves; and consequently within the life (expectancy) of the majority ... We must raise, then ourselves the money for this war, either by taxes within the year or by loans ; and if by loans, we must repay them ourselves, proscribing forever the English practice of perpetual funding. (Bergh, Writings of Thomas Jefferson, 13:357-358.)
Why does the administration and congress seem to have forgotten these words of wisdom?
Algonquin Police Find Child Porn in Lake in the Hills
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