IBD: A Debt The Founders Wouldn't Believe

INVESTORS BUSINESS DAILY/EDITORIALS, 6/26/2009 by Sen. Judd Gregg - In a 1789 letter to James Madison, Thomas Jefferson wrote: "The earth belongs to each of these generations, during its course, fully, and in their own right. The 2d. generation receives it clear of the debts and encumbrances of the 1st. The 3d of the 2d. and so on. For if the 1st. could charge it with a debt, then the earth would belong to the dead and not the living generation. Then no generation can contract debts greater than may be paid during the course of its own existence." ∴ What would Thomas Jefferson think today, as the Obama administration puts this generation on a path to drive the debt sky-high, effectively leaving our children and grandchildren to foot the bill? Read more at IBD... Read More......

College Students/Professors: Enter to win $20,000 in PJTV's Generational Theft Contest

Many Americans are concerned about how deficit-spending decisions being made today will impact the next generation about to enter the workforce. They have labeled their concerns "Generational Theft," and Pajamas TV has created several programs to report on what the real dollar impact could be on future generations. ∴ One of those programs is our Generational Theft Contest. ∴ Pajamas TV invites college students, collaborating with their professors, to calculate the financial impact of government programs on individuals. Both students and professors can earn money and recognition in the process. The winning entry will earn $10,000 for the participating college student or student team, and $10,000 for the professor. Learn more...

Deadline: June 1, 2009 Read More......