George Washington to James Madison: Thoughts on spending…

“No generation has a right to contract debts greater than can be paid off during the course of its own existence.” – George Washington to James Madison 1789.

Huh,that’s weird.  Did he actually say we shouldn’t spend more than we have?  Well of course George Washington and James Madison didn’t inherit an economic crisis like we face now…Wait, they also didn’t have out of control spending in congress.  They also didn’t have a Federal Reserve controlling money flow…