founding fathers quotes

This tag is associated with 8 posts

Founding Fathers, Debt, and Bubbles

Barack Obama and the main stream media at some point in this election will attempt again to change the discussion from the perils of the public debt to one of income inequality (which we earlier refuted to be a bogus argument).  The public debt is the greatest danger we face today.  It stands at a … Continue reading

Tea Party and Occupy Wall Street on Income Inequality

There is a new Democrat proposal for a Reasonable Profits Board that would monitor profits made by oil & gas companies in order to apply a windfall profit tax of any profits the board deems are beyond reasonable.  This proposal is part of their Gas Price Spike Act.  The failure here is twofold.  One, they simply focus on … Continue reading

Makers vs. Takers

James Madison warned that as our country grew in population, that those who were considered self-sufficient (or as we’ll discuss later, the makers) would be in the minority.  The risk would be that the majority would seek redistribution of wealth through the political process.  James Madison, In all civilized Countries the people fall into different … Continue reading

Blame Game Begins, why our Founding Fathers did not trust political parties.

Beware that this new downgrade of our debt rating by S&P might be the new crisis that we have to deal with.  Although it is a bit alarming, there is nothing to panic about.  Japan was downgraded in 2001 and nothing calamitous came of it.  The problem is, in our country where we have two main … Continue reading

War of 2012

It took me a couple days to digest the so-called “Debt Deal” and I am disappointed.  I take solace that the content of the debate has changed somewhat if not the actual results.  Since the Deal gets all the politicians through to their next election, I am anxiously awaiting the 2012 elections.  The debate will be … Continue reading

What would our Founding Fathers think?

“I place economy among the first and most important of republican virtues, and public debt as the greatest of dangers to be feared. We must make our choice between frugality and liberty, or excessive spending and servitude. If the debt should be swelled to a formidable size, its entire discharge will be despaired of and … Continue reading

Battle of Porktown

In this debt debate, we are currently watching the Battle of Porktown, an obvious reference to the most important battle in modern history, the Battle of Yorktown.  The reference is no joke.   The political war we are witnessing today is comparable with the war that took place 230 years ago.  Do not err and … Continue reading

“If there must be trouble, let it be in my day, that my child may have peace.”

Listen DC, the American people are tired of the double-talk.  We know the Tea Party want no additional revenue  tax increases (yay!) and/or debt ceiling increases (yay!), but enough Republicans will concede on something.  Too bad. A temporary deal to continue the talk is better than a long lasting deal that does not fix our problems. … Continue reading

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