Hit tip to the DailyBail.com for finding this funny but sad video.
"I pledge allegiance to Americaʼs debt, and to the Chinese government that lends us money. And to the interest, for which we pay, compoundable, with higher taxes and lower pay until the day we die."
Watch this video and take a second to think about the consequences of us piling up more and more national debt.
"I sincerely believe... 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 to John Taylor, 1816. ME 15:23
"We believe--or we act as if we believed--that although an individual father cannot alienate the labor of his son, the aggregate body of fathers may alienate the labor of all their sons, of their posterity, in the aggregate, and oblige them to pay for all the enterprises, just or unjust, profitable or ruinous, into which our vices, our passions or our personal interests may lead us. But I trust that this proposition needs only to be looked at by an American to be seen in its true point of view, and that we shall all consider ourselves unauthorized to saddle posterity with our debts, and morally bound to pay them ourselves; and consequently within what may be deemed the period of a generation, or the life of the majority." --Thomas Jefferson to John Wayles Eppes, 1813. ME 13:357
"No earthly consideration could induce my consent to contract such a debt as England has by her wars for commerce, to reduce our citizens by taxes to such wretchedness, as that laboring sixteen of the twenty-four hours, they are still unable to afford themselves bread, or barely to earn as much oatmeal or potatoes as will keep soul and body together. And all this to feed the avidity of a few millionary merchants and to keep up one thousand ships of war for the protection of their commercial speculations." --Thomas Jefferson to William H. Crawford, 1816. ME 15:29
3 Comments on I Pledge Allegiance To Americaʼs Debt, And To The Chinese Government That Lends Us Money
NOV
12
2009
In my opinion Thomas Jefferson is by and far the wisest of all of our founding fathers. Related to health care, cash for clunkers, Social Security, Medicare, Medicaid and other frivilous spending, I offer this from Thomas Jefferson:
"I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them."
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In my opinion Thomas Jefferson is by and far the wisest of all of our founding fathers. Related to health care, cash for clunkers, Social Security, Medicare, Medicaid and other frivilous spending, I offer this from Thomas Jefferson:
"I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them."