“The principle of spending money to be paid by posterity
is but swindling futurity on a large scale.” Thomas Jefferson
Found at blogShares, Ed Hinders writes:
In 1982, we were the world’s largest creditor nation.
By 1986 we were the world’s largest debtor nation…
By the end of this decade the cost to pay interest
will be more than all discretionary spending combined.
Read his Open Letter