Our leaders keep digging US deeper into debt – They should heed warnings from our founders

America's founders warned against massive federal debt, but, to our detriment, their political descendants are not paying attention.

The founders speak to us from their graves to condemn and warn of the consequences now that President Trump and Congress have come to an agreement about lifting the meaningless “debt ceiling” and increasing already massive federal spending and the debt, which is at $22 trillion and growing rapidly.

First to speak is Thomas Jefferson: "We must not let our rulers load us with perpetual debt."

Next is Alexander Hamilton: “Nothing can more affect national prosperity than a constant and systematic attention to extinguish the present debt and to avoid as much as possible the incurring of any new debt.” I’m not sure if that line made it into “Hamilton,” the Broadway musical, but if it didn’t, it should have to teach a new generation about fiscal responsibility.

Then we have this from George Washington: “Avoid occasions of expense ... and avoid likewise the accumulation of debt not only by shunning occasions of expense but by vigorous exertions to discharge the debts, not throwing upon posterity the burden which we ourselves ought to bear.”
Source: Fox News
x by is licensed under x