[klimeckg]

Debt was the very thing that King George knew was the key to keep America a British colony, however George Washington realized this when he was farming tabacco. He eventually revamped his farm to harvest wheat and instead sold to the carribean islands. Of the founding fathers, George Washington was the only President to die in the blak whereas Jefferson and Adams died in the red. Washington learned 2 important things that will keep you afloat, and they were owning lots of land and having no debt. Even Bill Oreilly mentions in one of his books that the key in having control of your lives and not allowing government to rule over you so much is to be debt free. Have you ever noticed a new delveloped area is surrounded by malls and walmarts, etc. Apparently this is a good thing, but I bet if we can look at the books of all the transactions that take place it's all in the RED.

[durasell]

There is a third thing he also learned -- he "married well." Martha brought a tidy sum to the marriage.

[SedVictaCatoni]

Apparently this is a good thing, but I bet if we can look at the books of all the transactions that take place it's all in the RED.

That doesn't even make any sense. You're suggesting that if a company develops a parcel of real estate, building houses, malls, and a Wal-Mart, that everybody ends up in debt?

And why would George Washington's decision to grow wheat instead of tobacco as a cash crop for export have anything to do with his interest in holding debt?

[nopardons]

Jefferson was penurious throughout All of his latter years and it had little to do with what hes farmed. The man was a shopaholic and a spendthrift. He often begged his friends to bail him out.

Adams died in deep debt;a bankrupt? Then how could he condemn Jefferson (and he did...loudly and long!)for his monetary failings?