"[T]he principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale,"

Public debt is a weapon of mass destruction that constitutes theft upon future generations.

And as Jefferson argued in the letter, every new generation has the right to be born onto this planet unencumbered by the debts racked up by their ancestors.

But that's not the way it is anymore.

Governments, like many individuals, no longer follow the Universal Law of Prosperity: produce more than you consume.

Instead there's a sense of entitlement.