For thousands of years we have heard somber warnings about becoming perpetual debtors. Thomas Jefferson addressed this: “to preserve [the] independence [of the people,] we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude.” So why hasn’t the national uproar about our soaring debt been louder? Why hasn’t Congress done something more about it than vote to increase the statutory debt limit to record heights?

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