The Founders warned us about paying off our own debt

The Founders of our Constitution regarded "not paying back on your own debt" as immoral. As stated by Thomas Jefferson (as can be found in Writings of Thomas Jefferson), "we shall all consider ourselves unauthorized to saddle posterity with our debts, and morally bound to pay them ourselves; and consequently within what may be deemed the period of the generation, of the life [expectancy] of the majority." In other words, each generation has the responsibility to pay down on their debts, as opposed to passing them onto their children and grandchildren (the next generations). This is applicable at home, on the local scale and within our state and federal governments. This principle was fervently practiced by our state and federal governments until the early 60s. JFK believed in this principle and had policies on standby to implement and ensure that our federal budget was in the black by the end of his term. However, LBJ ignored many of those policies and allowed "spending before revenue" policies to begin a trend which has turned into a "monster" in just the last few years. These policies, which include continuous printing of new money to pay for budget deficits, have led We, the people into a ongoing recession which may not be resolved for the next few years, the possibility of hyperinflation which would result from foreign investors (e.g., China) to no longer investing in our bonds and treasuries; thus resulting in large decrease in the value of the U.S. dollar, and currently leaving our children with owing over $100,000 dollars in tax revenue per year just for the interest of our national debt. We, the people have allowed this to happen thru our apathy when practicing our constitutional rights to vote and be engaged in political policies. We, the people must fight to right this wrong and find representatives for our state and federal governments who believe in and will practice within our values and principles as expected by the framers of the Constitution. Do you have the guts to become more involved or will you continue to complain with no substantiation? The choice is ours to make.
But what do I know: I'm just an American.