The second generation receives it clear of the debts and incumbrances of the first, the third of the second, and so on.
For if the first could charge it with a debt, then the earth would belong to the dead and not to the living generation.
Then, no generation can contract debts greater than may be paid during the course of its own existence."
Thomas Jefferson to James Madison
A government which robs Peter to pay Paul,
can always depend on the support of Paul.
George Bernard Shaw
the first would spend tomorrow what they earn today,
the second would spend today what they hope to earn tomorrow.
From this…arise all conflicts that lead to economic crises,
to panics, depressions, violent and revolutionary transfers of wealth
and perhaps most wars."
Could many who believe the government
should pledge their children’s future income
to prevent the failure of insolvent businesses and/or countries
be indirectly advocating a political system other than capitalistic democracy?