"It is incumbent on every generation to pay its own debts as it goes," wrote Thomas Jefferson, one of many "wise and frugal" governing principles he committed to posterity. Sadly, our country is now $13 trillion away from realizing his goal, thanks to a problem he predicted.
"My reading of history convinces me that most bad government results from too much government," Jefferson added, a reminder to adhere to the basic limitations set forth in the Declaration of Independence and the U.S. Constitution and Bill of Rights – limitations on government that now no longer exist. Obviously, the road to complete and total abandonment of America's founding fiscal and governmental ideals was a long one, and – to hear revisionist historians tell it – a necessary one. Sort of like all of the trillions in recent federal interventionism was "necessary," according to Presidents George W. Bush and Barack Obama. In fact, Obama went so far as to say that our current national recession would be "irreversible" unless his bailout boondoggle was passed.
"I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them," Jefferson wrote At every turn along the way, America has failed to heed that advice. All that remains to be seen is if we ever will.
The United States of America needs to brush up on its own history. After all, a Republic founded 233 years ago in defiance of fiscal tyranny has once again succumbed to it – only this time we have no one to blame but ourselves. Worse still, a frightening paradigm shift has completely overtaken the thinking of our nation's "leaders" in both political parties. No longer is there any real debate as to whether the federal government should grow into new and undefined roles at the expense of our liberties (and our wallets) – the question has become how fast and how much of our individual and economic freedom these "leaders" should be permitted to deprive us of.
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