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(Yahoo) Scary "A national debt, if not excessive, will be to us a national blessing." - Alexander Hamilton   (fe3.story.media.ac4.yahoo.com) divider line 103
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RhineStoneTaco 2009-07-05 12:43:40 AM  
I'm a big fan of Hamilton, along with Madison and Jay, his fellow writers on the Federalist Papers.

I think the collective Federalist Papers are one of the more important books in American political history. It is a blueprint to a damn good democratic society.

Also, the whole thing with Hamilton wanting a king is a bit off. He was a big supporter of a powerful federal government that would take the trump over the state governments.

It was a thought process that, at the time, seemed extreme. Our government system now, post-Civil War, is actually more Hamiltonian than anything.

The guy was smart. His battlefield knowledge was impressive too. His commanding during the Battle of Yorktown helped Washington secure a victory.

And, hey, he has one of the more badass war portraits from the Revolution.

upload.wikimedia.org

 
keithmccants 2009-07-05 06:57:44 AM  
Given that at the time the U.S. was a fledgling nation could Hamilton not be speaking to the fact that credit given to the U.S. from other nations was a sign of support and legitimacy?

Not to mention the article fails to mention how going into the red in 1790 was a result of the ratification of the constitution and without the assumption of state war debts by the federal government the states would have not joined the union in the first place.

Article full of fail.

 
Ecliptic 2009-07-07 09:59:12 AM  
Darth_Lukecash: Jefferson

Jefferson died millions of dollars in debt ... and no not millions accounting for inflation - actual millions in 1826 money.

Funny you'd mention both Jefferson and Adams in one breath on July 4th though ... they both died on July 4th, 1826.

/random facts
//i is fulls of them

 
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