Founder's Quote

"I regret, as much as any member, the unavoidable weight and duration of the burdens to be imposed; having never been a proselyte to the doctrine, that public debts are public benefits. I consider them, on the contrary, as evils which ought to be removed as fast as honor and justice will permit." --James Madison
My Take

"I, as an American regret, as much as do all True Americans, the avoidable weight and duration of the burdens imposed upon Our Constitutional America; having never been a proselyte to the doctrine, that public debts, imposed by your 'p'resident, Hussian Obama, his Obamanation Administration and the Progressive/Marxist in the congress, are public benefits. I consider them, on the contrary, as evils and along with these perpetrators, ought to be removed as fast as honor and justice will permit."

--TSGT Clough

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Perhaps the clearest discussion of this principle was contained in a letter that Thomas Jefferson wrote to James Madison.  In his masterful style, Jefferson starts with the premise that the earth belongs to the living, then reasons to the fact that those who have passed on have no right to leave the living with their debt.  On actuarial grounds he then concludes that ALL public debt must be paid within 19 years based upon the principle that the earth belongs to the living. 

The Founders would be ill if they saw the "social safety net".

see http://teachingamericanhistory.org/library/index.asp?document=2220

Very good read Mike. Thanks for posting.

 

"...as honor and justice will permit."

 

This is the crux of the problem in our modern world of 'politicians' rather than honor-filled, duty-bound 'citizen-statesmen'.

 

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