President Jefferson expressed concern that our current budget places an unfair burden on future generations.
He stated, "The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale."
"To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our choice between economy and liberty, or profusion and servitude. If we can prevent the government from wasting the labors of the people under the pretense of caring for them, they will be happy," the former president said.
Albert Ellery Bergh
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