The Post & Email by Jerry Newcombe 2/13/2025
Today, we as a nation are monstrously in debt and borrowing more and more off the backs of our children and grandchildren. Yet Alexander Hamilton, our country’s first Secretary of the Treasury, said in Federalist 35 that our economy will work best when we have less needless regulations.
He notes: “It might be demonstrated that the most productive system of finance will always be the least burdensome.” He says what we need is “a judicious exercise of the power of taxation.”
Fast forward to today. President Donald Trump, Elon Musk, and his whiz kids at DOGE (the Department of Government Efficiency), are uncovering outrageous misuse of our hard-earned tax dollars by previous administrations.
Take USAID, which was established over sixty years ago to provide “U.S. foreign development assistance from the American people
Most Americans, if they knew anything about the agency, thought we were providing food or clean water to impoverished nations, but noooo.
What has been revealed is outrageous. U.S. Congressman Brian Mast from Florida has released a laundry list of outrageous uses of our tax dollars, supposedly to help with “development assistance.” This list includes USAID funding as well as that of the State Department.
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In his Farewell Address, George Washington warned the new nation to be careful about national debt: “As a very important source of strength and security, cherish public credit. One method of preserving it is to use it as sparingly as possible.” Yet we are not using public credit “sparingly” at all.
James Madison said, “I go on the principle that a public debt is a public curse, and in a Republican Government a greater curse than in any other.”
Thomas Jefferson also gave some strong warnings about our economy. In his First Inaugural Address, our third president stated, “a wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government.”
Thomas Jefferson once said, “To preserve our independence, we must not let our rulers load us with perpetual debt. If we run into such debts, we must be taxed in our meat and drink, in our necessities and in our comforts, in our labor and in our amusements. If we can prevent the government from wasting the labor of the people, under the pretense of caring for them, they will be happy.”
And to think part of our debt today is because of these left-wing boondoggles. One can only imagine what the founding fathers would think of our bloated government today.
More:
https://www.thepostemail.com/2025/02/13/financial-and-moral-bankruptcy/
