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"No generation can contract debts greater than may be paid during the course of it’s own existence." (Thomas Jefferson, https://jeffersonpapers.princeton.edu/se
by calebm 4y ago
"No generation can contract debts greater than may be paid during the course of it’s own existence." (Thomas Jefferson, https://jeffersonpapers.princeton.edu/selected-documents/thomas-jefferson-james-madison https://jeffersonpapers.princeton.edu/selected-documents/tho...)
- Ergo19 4y agoOur current debt:GDP ratio is ~ 125% these days, so I don't think there's any danger of being unable to pay during this generation.