Saturday, February 22, 2025

Founders Quote, 22 Feb. 2025

No pecuniary consideration is more urgent, than the regular redemption and discharge of the public debt: on none can delay be more injurious, or an economy of time more valuable. - George Washington, Message to the House of Representatives — 1793

Nothing destroys a nation more than debt and at present the U.S. debt is $36.5 trillion dollars; by the end of the decade it will range somewhere from $42 trillion to over $47 trillion. Simply unsustainable and no, we can't print our way out of it either.

As Robert Heinlein once said, "There ain't no such thing as a free lunch." At some point it has to be paid; better to bite the bullet now than pay later.

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