What Would The Founding Fathers Say About Our National Debt?

Welcome • User Guide
ToS • Privacy • Canary
Donate • Bugs • License

©2025 Poal.co

1.1K

•

Decline and Fall What Would The Founding Fathers Say About Our National Debt? (archive.ph)

The national debt recently blew past $32 trillion.

As we approach America’s birthday on July 4, it might be a good time to consider what the founding fathers would have thought about this massive indebtedness.

James Madison might have summed it up best when he called a national debt “a national curse.”

I go on the principle that a Public Debt is a Public curse and in a Rep. Govt. a greater than in any other.”

[Source.](https://www.zerohedge.com/personal-finance/what-would-founding-fathers-say-about-our-national-debt) > The national debt recently blew past $32 trillion. > As we approach America’s birthday on July 4, it might be a good time to consider what the founding fathers would have thought about this massive indebtedness. > James Madison might have summed it up best when he called a national debt “a national curse.” >> I go on the principle that a Public Debt is a Public curse and in a Rep. Govt. a greater than in any other.”

(post is archived)

[–] • 5 pts

: "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 them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.... I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

President Thomas Jefferson - from his retirement papers