"No generation has a right to contract..." - Quote by Thomas Jefferson
No generation has a right to contract debts greater than can be paid off during the course of its own existence.
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More on Generations
“If you're like most members of the Baby Boom generation, you decided somewhere along the line, probably after about four margaritas, to have children. This was inevitable. Mother Nature, in her infinite wisdom, has instilled within each of us a powerful biological instinct to reproduce; this is her way of assuring that the human race, come what may, will never have any disposable income.”
“I guess the negative thing that happens to me is that I'm old now. They said there was a generation I was too young for and now some will say there's probably 10 generations I'm too old for. They'll say, isn't he dead or retired or whatever? Or it just becomes fashionable to say "Oh he's not funny anymore," which, I don't know, maybe to them I'm not. I'm more likely to hear that now than I am to hear that I'm unacceptably risqué.”
“I am increasingly persuaded that the earth belongs exclusively to the living and that one generation has no more right to bind another to it's laws and judgments than one independent nation has the right to command another.”