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Our National Debt Would Horrify the Founders | Washington Examiner

Yes, it would.

In the period spanning the final year of George W. Bush’s second term in the White House and President Obama’s tenure to date, the national debt has exploded from $9.1 trillion to nearly $13.2 trillion, reaching 90 percent of the gross domestic product….

[Consider] Jefferson’s statement in an 1816 letter to John Taylor of Caroline: “The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”

Indeed.

See, Our national debt would horrify the Founders | Washington Examiner.

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