Founders' Quote Database

Thomas Jefferson

letter to Samuel Kercheval — 1816
Category: Budget
We must not let our rulers load us with perpetual debt.

Thomas Jefferson

letter to Spencer Roane — 1821
Category: Budget
The multiplication of public offices, increase of expense beyond income, growth and entailment of a public debt, are indications soliciting the employment of the pruning knife.

Thomas Jefferson

letter to Marquis de Lafayette — 1823
Category: Budget
[A] rigid economy of the public contributions and absolute interdiction of all useless expenses will go far towards keeping the government honest and unoppressive.

Thomas Jefferson

letter to John Wayles Eppes — 1813
Category: Budget
It is a wise rule and should be fundamental in a government disposed to cherish its credit, and at the same time to restrain the use of it within the limits of its faculties, "never to borrow a dollar without laying a tax in the same instant for paying the interest annually, and the principal within a given term; and to consider that tax as pledged to the creditors on the public faith."

Thomas Jefferson

letter to James Madison — 1789
Category: Budget
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.

Thomas Jefferson

letter to John Taylor — 1816
Category: Budget
The principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.

Thomas Jefferson

letter to Shelton Gilliam — 1808
Category: Budget
The same prudence which in private life would forbid our paying our own money for unexplained projects, forbids it in the dispensation of the public moneys.

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