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Currently viewing the tag: "national debt"

George Washington Quote, Cherish public credit

By Steve Straub On October 4, 2012 · Leave a Comment · In George Washington

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Thomas Jefferson Quote, With respect to future debt

By Steve Straub On October 4, 2012 · Leave a Comment · In Posters, Thomas Jefferson

 

But with 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, or within the term of 19 years.

[...]
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Thomas Jefferson, I say the earth belongs to each generation during its course fully and in its own right

By Steve Straub On July 15, 2012 · Leave a Comment · In Thomas Jefferson

 The second generation receives it clear of the debts and incumbrances of the first, the third of the second, and so on. For if the first could charge it with a debt, then the earth would belong to the dead and not to the living generation. Then, no generation can contract debts greater than may [...]

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John Adams Poster, Consequences arising from the accumulation of public debt

By Steve Straub On July 14, 2012 · Leave a Comment · In John Adams, Posters

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Thomas Jefferson, Spending money to be paid by posterity is but swindling futurity on a large scale

By Steve Straub On July 12, 2012 · 22 Comments · In Thomas Jefferson

“And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”

Thomas Jefferson, Letter to John Taylor, 1816

 

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The Founding Fathers and National Debt

By Bill Bailey On August 23, 2011 · 2 Comments · In History

The Founding Fathers had very definite opinions about a national debt. They very plainly stated the danger of debt to the people and in communications with each other. Even those who believed some debt was good, like Alexander Hamilton, stated that it must not be excessive. Thomas Jefferson wrote the most about this subject and [...]

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Thomas Jefferson, Essential Principles of Government, First Inaugural Address, (03-04-1801)

By Steve Straub On June 2, 2011 · 31 Comments · In Thomas Jefferson

 About to enter, fellow-citizens, on the exercise of duties which comprehend everything dear and valuable to you, it is proper you should understand what I deem the essential principles of our Government, and consequently those which ought to shape its Administration.

I will compress them within the narrowest compass they will bear, stating the [...]

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Thomas Jefferson, Letter to John Taylor (28 May 1816)

By Steve Straub On June 2, 2011 · 20 Comments · In Thomas Jefferson

The system of banking we have both equally and ever reprobated. I contemplate it as a blot left in all our Constitutions, which, if not covered, will end in their destruction, which is already hit by the gamblers in corruption, and is sweeping away in its progress the fortunes and morals of our citizens.

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Thomas Jefferson to Edward Carrington, May 27, 1788

By Steve Straub On May 21, 2011 · 2 Comments · In Thomas Jefferson

The bankruptcies in London have recommenced with new force. There is no saying where this fire will end. Perhaps in the general conflagration of all their paper. If not now, it must ere long.

With only 20 millions of coin, & three or four hundred million of circulating paper, public & private, nothing is [...]

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Thomas Jefferson, Letter to James Madison, September 6, 1789

By Steve Straub On April 13, 2011 · 56 Comments · In Thomas Jefferson

But with 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, or within the term of 19 years.

And that [...]

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