Thursday’s Family Update with Michael Geer:
This week on Family Update, we’re looking at the huge and troubling growth in government debt, and warnings given by one of our founding fathers, Thomas Jefferson.
Just last week, the news reported that in stimulus spending and bailouts, the U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year.
Thomas Jefferson called such borrowing, “Swindling futurity on a grand scale.” Let’s not let our political leaders burden out posterity – our children and grandchildren, with such debt.
Free fact sheet on Thomas Jefferson and Debt.