A recent video from the Tenth Amendment Center delves into historical perspectives on the United States' national debt, presenting it as a recurring threat to liberty and governance. The speaker, Michael Boldin, cites various founding fathers and historical figures, including James Madison, George Washington, and Thomas Jefferson, who reportedly warned against the accumulation of public debt. According to the video, these historical figures viewed national debt not merely as an economic issue, but as a tool that could lead to corruption, tyranny, and the erosion of freedom. The presentation includes direct quotes and references to historical documents, aiming to contextualize current discussions about government spending within a historical framework of warnings against financial burdens and their potential impact on national integrity and individual liberties.
Again and again, the leading minds of the American founding warned that debt would lead to corruption, war, tyranny - and collapse. Today, that curse…
