{"id":62,"date":"2011-01-24T06:18:22","date_gmt":"2011-01-24T13:18:22","guid":{"rendered":"http:\/\/andarian.com\/RepealTheBailouts\/?p=62"},"modified":"2022-07-29T22:15:31","modified_gmt":"2022-07-29T22:15:31","slug":"jefferson-on-future-debt","status":"publish","type":"post","link":"https:\/\/culture.andarian.net\/parallel\/politics\/jefferson-on-future-debt\/","title":{"rendered":"Jefferson on Future Debt"},"content":{"rendered":"<p>From <a title=\"Jefferson on Future Debt\" href=\"https:\/\/www.azquotes.com\/quote\/610771\" target=\"_blank\" rel=\"noopener\">AZ Quotes:<\/a><\/p>\n<blockquote><p>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.<\/p>\n<p>Thomas Jefferson: 1789<\/p><\/blockquote>\n<p>At least as indicated by this quote, Jefferson appears to have understood very well the immorality and destructiveness of running up public debt, and passing it on to the next generation to pay off. Yet that is precisely what our entrenched welfare state entitlements such as Social Security and Medicare do today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From AZ Quotes: 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&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,1],"tags":[],"class_list":["post-62","post","type-post","status-publish","format-standard","hentry","category-entitlement_reform","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Jefferson on Future Debt - Parallel Author<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/culture.andarian.net\/parallel\/politics\/jefferson-on-future-debt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jefferson on Future Debt - 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