Maybe We Should Have Listened to Thomas Jefferson

[TBigLug]

Some  believe that we have arrived at the destination Jefferson warned us about. Jefferson in some cases could be called a prophet and NRA  Founder.   
 
When we get piled upon one another in large cities, as in Europe, we shall become as corrupt as Europe .
Thomas Jefferson
 
The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.
Thomas Jefferson
 
It is incumbent on every generation to pay its own debts as it goes..  A principle which if acted on would save one-half the wars of the world.
Thomas Jefferson
 
I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.
Thomas Jefferson
 
My reading of history convinces me that most bad government results from too much government.
Thomas Jefferson
 
No free man shall ever be debarred the use of arms.
Thomas Jefferson
 
The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government.
Thomas Jefferson
 
The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.
Thomas Jefferson
 
To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical.
Thomas Jefferson
 
Very Interesting Quote
In light of the present financial crisis, it's  interesting to read what Thomas Jefferson said in 1802: 'I believe that banking institutions are more dangerous to our liberties than standing armies.  If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.'

[Boggerram87]

Wow! TJ knows whats up! its all true!

[7387chevynut]

I think he would be ashamed.........yet astonished at America today.

[theBroken]

Thats all nice and everything but the banks are not the problem. We blame them cause they are what we are most connected with. Its the investors that are no longer giving the banks the money to loan. Thats why the GOV gave the banks money. They hoped that it would free up credit. The reason it didnt is because unlike a investor the GOV wont continue to loan like investors would. We wont see a influx untill home values increase again. So the banks got money to relieve their loss but now they cant loan because they dont have the constant flow of cash. Its a bank, they are in the business of money. They would love to lone people money buy they just cant because of the poor choices they made in giving people money. Jefferson was referring to the kingdom and the belief that 1 person should rule instead of a group. When he gave that speech and was talking about repaying debts he was talking about the loss of life and the Indians and how we own them since we took everything from them.

[ricerat750]

Right on!! The Goverment is the cause of our problems not the solution. If it wasn't for out of control tax's people would not have had to reinvest their money in land and houses and we would not have had the bubble that brought the market down and started this whole mess. Get goverment out of our lives and control tax's is the solution.

[MrCompton734]

Right on!! The Goverment is the cause of our problems not the solution. If it wasn't for out of control tax's people would not have had to reinvest their money in land and houses and we would not have had the bubble that brought the market down and started this whole mess. Get goverment out of our lives and control tax's is the solution.

Without Government, most of what we have now would not exist. Those banks would not have been able to get people to deposit large amounts of money if that weren't guaranteed by the Gov't. I think one of the main problems is overpopulation in big cities such as Detroit, Chicago, and above all New York and San Fransisco. Without these out-of-control taxes, our military would not exist, and definitely our police would not exist as they do. It's stated here http://www.warresisters.org/pages/piechart.htm that over 50% of income taxes are spent on past and present military. Maybe ur talking about other taxes, but that's the biggest tax i see.

[Hammerlane]

Their is no single issue or individual to blame for this.. it is a multi level situation..

I hear people blaming everyone else.. but not taking any of the blame themselves..everyone over extending themselves on credit.. wether it be cards/houses/toys etc... it all just snowballed, the banks lending more than an individual could handle.. but the individual(s) took it on anyhow.. how many people have house payments with a comma in it every month, 2 vehicle payments, 2-3 toys (boats/quads/bikes) that they had/have payments on 2,3,4 or more credit cards etc...

I live well within my means, low monthly house payment (the bank told me I could have more.. but I declined) I have 1 vehicle payment and monthly bills..
yet.. I am quite secure in this economy, people mock me for bein a tightwad.. but I am a couple of years from OWNING my home, I have 2 Harleys in the garage, toys in the back yard, a couple of housing projects going on.. no credit cards (no, not a single one) I live on a cash basis with very limited payment schedules.. it's takin me a long time to get here and I've worked every day to get it, I've had to go without some luxuries, and refuse to purchase others (like 20-30-40k vehicles)

Yes.. these companies gave us the means to get into this mess (over extended loans, credit cards by the dozen etc..) thats their fault, be WE took them..don't get me wrong.. some did'nt have a choice and became a victim of circumstance.. but the majority of people are/were over extended due to their own selfishness instead of being smart with their money. people need to realize that WE are as much to blame as ________ (fill in the blank with your own choice).

just my .02
let the stone throwing begin....

[RIP_K52007]

i'll throw that stone...      not... lol....   i agree 100n50% ... i dont plan on gettin any credit cards.. as far as that goes.. no loans either... gnna keep renting till i find a good house on a land contract  last thing i need is another bill..

[MrCompton734]

Their is no single issue or individual to blame for this.. it is a multi level situation..

I hear people blaming everyone else.. but not taking any of the blame themselves..everyone over extending themselves on credit.. wether it be cards/houses/toys etc... it all just snowballed, the banks lending more than an individual could handle.. but the individual(s) took it on anyhow.. how many people have house payments with a comma in it every month, 2 vehicle payments, 2-3 toys (boats/quads/bikes) that they had/have payments on 2,3,4 or more credit cards etc...

I live well within my means, low monthly house payment (the bank told me I could have more.. but I declined) I have 1 vehicle payment and monthly bills..
yet.. I am quite secure in this economy, people mock me for bein a tightwad.. but I am a couple of years from OWNING my home, I have 2 Harleys in the garage, toys in the back yard, a couple of housing projects going on.. no credit cards (no, not a single one) I live on a cash basis with very limited payment schedules.. it's takin me a long time to get here and I've worked every day to get it, I've had to go without some luxuries, and refuse to purchase others (like 20-30-40k vehicles)

Yes.. these companies gave us the means to get into this mess (over extended loans, credit cards by the dozen etc..) thats their fault, be WE took them..don't get me wrong.. some did'nt have a choice and became a victim of circumstance.. but the majority of people are/were over extended due to their own selfishness instead of being smart with their money. people need to realize that WE are as much to blame as ________ (fill in the blank with your own choice).

just my .02
let the stone throwing begin....

one of the best hings I've read in awhile. We should all live within our means like you say. That's how I ended up behind on credit cards, and some other things. But I'm taking care of it.

[madjoe]

It took me moving to the middle of gods country as some would call it before i realized all those out to mcdonalds and the local fast food, movies, bowling, etc. was costing me more than i was making.  Now i see how u can live without over doing it and pay for your fun with cash not credit.  Once everyone tightens up and rides out this storm for a little while hopefully it will self correct.  Confidence in stocks as well as our own saving will allow some to start spending again.  HOPEFULLY!