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?
Huntley Police Arrest Man for Predatory Sexual Assault in Huntley, Similar
Charges Could Be Brought in North Carolina
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From Huntley Police: Predatory Criminal Sexual Assault Arrest The Huntley
Police Department announces the arrest of Robert Scott Henze (58 years old)
of ...
2 days ago

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