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But with respect to future debt; would it not be wise and just for that nation to declare in the constitution they are forming that neither the legislature, nor the nation itself can validly contract more debt, than they may pay within their own age, or within the term of 19 years.

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Source:
letter to James Madison September 6

Submitted by Normando on April 12, 2019

Modified by Normando on April 12, 2019

Thomas Jefferson

(1743-1826), US Founding Father, drafted the Declaration of Independence, 3rd US President

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