Posts Tagged ‘debt’

The Founders on Debt & Taxation

September 16th, 2011 No comments

One of the President’s incessant cries during the debt ceiling debate was for “increased revenue” also know as higher taxes. The Left’s addiction to spending leads to an insatiable appetite for more taxes. When a government repeatedly fails to live within its means, the only solution of to demand more and more from the pockets of those they were elected to serve. The end result is tyranny and oppression.

Thomas Jefferson understood the connection between public debt and the tyranny of governmental taxation. He warned:

“…this is the tendency of all human governments. A departure from principle in one instance becomes a precedent for a second: that second for a third: and so on, till the bulk of society is reduced to be mere automatons of misery…And the forehorse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression.”

Founding Father James Madison boldly declared:

“I go on the principle that public debt is a public curse.”

If Madison is correct, American is currently under the greatest curse in the history of our nation! As Jefferson warned, we have violated principle numerous times, extending our debt ceiling several times to accommodate our extravagant spending. If we fail to elect principled leaders who will stand firm in resisting profligate spending, we may very well become the “automatons of misery” Jefferson warned us about.