President James Madison said each generation should bear the burden of its own wars, not foist their expense off on future generations. Since Barack Obama became president, he and the Congress have been responsible for one-third of the current national debt. Record spending for entitlements, war, bailouts to banks, businesses and states have paved the way for future unfunded liabilities of up to $100 trillion. . . . Madison warned us of the need for each generation to pay its own way. If he could have envisioned the burden we are heaping on the backs of future generations, he would be appalled by the corrupt and morally decrepit actions of elected leaders at all levels of government. I know I am.
Jul 19, 2011
From the Maryland Libertarian Party: