"But with respect to future debt; would it not be wise and just for that nation to declare in the constitution they are forming 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 19 years." | by: | Thomas Jefferson
(1743-1826), US Founding Father, drafted the Declaration of Independence, 3rd US President |
Source: | letter to James Madison, 6 September 1789 |
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