Monday, August 24, 2009

Can't Do It... Wouldn't Be Prudent

[W]ith respect to future debt; would it not be wise and just for that nation to declare in the constitution they are forming that neither the legislature, nor the nation itself can validly contract more debt, than they may pay within their own age...

-Thomas Jefferson (But what did he know?)


Recessionista Genie said...

Wise words from a great man. He probably wouldn't have been too keen on our spending $915.1 billion on a war with a nation that didn't attack us.

But if our government wants to burn through cash like a bad teenager with a department store credit card, I'd rather see that money going to save lives (i.e., by insuring our children and all other citizens) rather than kill people.

Gleno said...

Honestly, I don't see any good reason to mortgage our financial freedom, not to mention our children's financial freedom. Not war, not economic "stimulus", not anything. It's the height of dishonesty toward the people and it's the chains of bondage for our future generations.