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Our nation’s founders were keenly aware of the habits of mind necessary to self-governance. Public thrift was considered essential to prosperity and stability. They knew from reading history that financial insolvency was a primary destroyer of great civilizations.
George Washington among others warned against “ungenerously throwing upon posterity the burden which we ourselves are to bear.”
They would see everything they feared most unfolding now in 21st-century America, capped by the financial disaster we have created out of a viral pandemic. We have so far added over $4 trillion in Covid spending, all of it paid for by our fantasy credit card.