The National Dept

(8/5/11) 
“It is incumbent on every generation to pay its own debts as it goes. A principle which if acted on would save one-half the wars of the world.” -Thomas Jefferson


(7/27/11) The national debt is like a credit card that we spend on wasteful things and that our children will be forced to pay the interest on for the rest of their lives. To me raising the debt ceiling is just plain immoral. 


We don't have a trillion-dollar debt because we haven't taxed enough; we have a trillion-dollar debt because we spend too much. -- Ronald Reagan



(7/24/11)  A study performed by the Congressional Budget Office suggests that the federal debt will hit 100% of GDP by 2023 and 800% by 2083.