Hello Fellow Patriot,
We will end our national addiction to out of control federal spending the hard way or the tragic way. There is no easy way left to us. The hard way is a Constitutional Amendment that follows Jefferson’s advice and requires all debt incurred to be paid off within 19 years. He chose that length of term with the idea in mind that a generation is about 19 years in length, but it also makes sense for a country to have the ability to borrow during war or other national emergency with a requirement that the amount borrowed be paid in full within 19 years. That would make us think twice before we borrowed, and make the paying off of debt real. That’s only if we learn the hard way. If we learn the tragic way, we will see financial collapse and depression that will leave us in a terrible position with very few options. It is time to make the hard choice.
“If it were possible to obtain a single amendment to depend on that alone for the reduction of our government to the genuine principles of its Constitution, it would be an article, taking from the federal government the power of borrowing. The principle of spending money to be paid by posterity, under the name of benevolence, is but swindling futurity on a large scale.
Would it not be wise and just for a nation to declare in their Constitution that neither the legislature, nor the nation itself, can validly contract more debt than they may pay within their own age, or within the term of nineteen years? Is it not incumbent on every generation to pay its own debts as it goes?