Browsing "Southern Conservatives"

Losing the South’s Conservative Tradition

When Southern members left Congress in early 1861, nearly all conservative restraints enforced on that body were removed and the seeds of the Gilded Age were sown. The war of 1861-1865 will be forever seen as the unnecessary crime against liberty that it was, and the ending of the second experiment in government undertaken on these shores.

Bernhard Thuersam, www.Circa1865.com

 

Losing the South’s Conservative Tradition

“To those who fought and suffered during the long and fearful years of the War Between the States a tribute is always due. To the survivors of that momentous conflict – in which the South displayed unequaled bravery and marvelous determination – sincere reverence cannot too often be paid.

The young men and women who lived in the South after 1865 were tragic figures. They were the lost generation of the South, who led hard, bare and bitter lives, when young people of the South before and since were at play and in school.

That Tragic Era from 1865 to 1880 was a period when the Southern people were put to torture – so much so that our historians have shrunk from the unhappy task of telling us the truth. That was a black and bloody period – when brutality and despotism prevailed – a period which no American can point with pride. To the generation of Southerners who struggled in the years after the war in the sixties we owe the redemption of the South and the preservation of its society.

[The War and Reconstruction] cost the South heavily – but they also cost the nation. The South paid for theirs in an economic collapse and carpetbag domination extending over a period of nearly thirty years. But the nation also paid its price – it lost the powerful influence of the conservative Southern tradition.

In antebellum times the South had steadied the nation’s western expansion by its conservatism, but when the South was broken and destroyed, we saw a period of western expansion, of European immigration, of speculation, of graft, and of greed – unknown before in the annals of our history.

The nation after the war – especially the North and West – entered into an era of expansion, of worship for the new, of so-called progress, for which we still pay the price in our periodic overproduction. We should learn that economic wealth may be amassed, yet the fickle turns of business fortune can destroy it in a few years. Witness the economic collapse of our nation in the last few years after a period of unrivaled business growth.

The eternal national values are then those intangible contributions to national life such as the old South gave – not wealth, not progress, but those great qualities of tradition and conservatism and individuality which neither Depression nor hard times can destroy.

May the faith of the old South be ours, so that we can rebuild our State and Nation – and as we do so may we add the South’s contribution to American life not only its heritage of conservatism, of tradition and individuality, but also that spirit of silent strength in the hours of adversity – that spirit shown during the War and Reconstruction.”

(The Tragic Era, Dr. Julian S. Waterman, Dean, University of Arkansas Law School, Memorial Day speech at Fayetteville, Confederate Veteran Magazine, July, 1931, excerpt, pp. 275-277)

“In Defense of Their Traditional Liberties”

In his May 1, 1861 message to the North Carolina General Assembly, Governor John Ellis of referred to the “Northern Government” and that “they have drawn the sword against us and are now seeking our blood. They have promised to partition our property and the earnings of our people among the mercenary soldiers after our subjugation shall be effected. All fraternity of feeling is lost between us and them. We can no longer live with them. There must be a separation at once and forever.”

Bernhard Thuersam, www.Circa1865.com

 

“In Defense of Their Traditional Liberties”

“Although North Carolina had soon after the adoption of the Federal constitution taken steps to prevent the importation of Negroes, not only from abroad but from any other State, yet in the progress of time the system of slavery became strongly engrafted on her social structure, and the agitation of slavery question excited her people greatly.

Periodically this agitation stirred the people and animated them to maintain with steadfastness the right to manage their own domestic, local concerns in their own way.

At length when it was declared that an “irrepressible conflict” had arisen, and that the “Union could not exist half slave and half free,” it came to be regarded that the limitations of the Federal constitution were no longer to be observed, and that the abolition party would seek to abolish slavery. This led South Carolina and other commonwealths to the South to withdraw from the Union.

The question of holding a convention for the purpose of withdrawing was submitted to the people of North Carolina in the spring of 1861, but so conservative were they and so attached to the Union, that they separated themselves from their Southern brethren and refused to call the convention. The difference between the votes was, however, small — only about 250 in the poll of the entire State.

Such was the situation, when in April 1861, Fort Sumter was bombarded and President Lincoln called on North Carolina to furnish her quota of troops to coerce the seceding States. These events changed the aspect of affairs in North Carolina instantaneously. All differences ceased.

Union men, who, like George E. Badger, did not hold to the right of secession, united now in the declaration that North Carolinians must [now] share in the fortunes of their Southern kindred. Then amid the excitement of that period came the rapid preparations for the inevitable conflict — the marshaling of troops, the formation of armies, the strenuous endeavors to equip and maintain our citizen [soldiers] and make defense of our unprotected coast.

Never was there a finer display of patriotic ardor; never did peaceable ploughboys more quickly assume the character of veteran soldiers. It was if a common inspiration possessed the souls of all the people and animated them to die, if need be, in defense of their traditional liberties.

During the four years of strife that followed, the people of North Carolina bore themselves with an unparalleled heroism. With a voting population of 112,000, North Carolina sent to the army 125,000 soldiers.

Strenuous efforts were made to provide food for the soldiers and the poor, and while salt works were erected along the sea coast, vast quantities of cards were imported for the women to use at home, and other supplies were brought through the blockade.

[Life then] was accompanied, however, by straits and hardships, suffering and mourning, the separation from husbands and fathers from their families and the pall of death that fell upon every household. What awful experiences were crowded into four years of heroic and grand sacrifice — how trying the vicissitudes, how calamitous the dire result!”

(Cyclopedia of Eminent and Representative Men of the Carolinas of the 19th Century, Volume II, Brant & Fuller, 1892, pp. 35-36)

 

Sovereign States in a Federated Union

John Taylor of Caroline viewed the economic life of the country as being local in character and only under the jurisdiction of the individual States – that is, popular institutions. Therefore he concluded: “The entire nationalistic program of the Federal Government as to banking, funding, tariff, and internal improvements is unconstitutional.” If one sidesteps the victor’s claim that they fought to end slavery 1861-1865, one finds that the Hamiltonian drive for concentrated federal power was underlying reason for war.

Bernhard Thuersam, www.Circa1865.com

 

Sovereign States in a Federated Union

“The States, located in the center of the political landscape, perform a stabilizing function with sufficient power to protect the whole [federal] structure from the onslaughts of inimical forces that attack from two directions. They are essentially buffer States.

They represent a compromise between two types of concentrated power – one in the Federal Government, the other in the people, the turbulence of whom may lead to the reintroduction of monarchy such as followed the French Revolution.

Mobs and tyrants generate each other. Only the States can prevent the clashes of these two eternal enemies. Thus, unless the States can obstruct the greed and avarice of concentrated power, the issue will be adjudicated by an insurrectionary mob.

The States represent government by rule and law as opposed to government by force and fraud, which characterizes consolidated power whether in a supreme federal government, in the people, in factions, or in strong individuals.

Republicanism is the compromise between the idea that the people are a complete safeguard against the frauds of governments and the idea that the people, from ignorance or depravity, are incapable of self-government.

The basic struggle in the United States is between mutual checks by political departments and an absolute control by the Federal Government, or between division and concentration of power. Hamilton and Madison presented an impressive case for a strong national government, supreme over the rights of States.

They are supported by all the former Tories who benefit from the frauds of the paper system. Those who take this view are referred to as variously as monarchists, consolidators, and supremacists. The basic fallacy of their way of thinking is that they simply refuse to recognize “the primitive, inherent, sovereignty of each State” upon which basis only a federal form of government can be erected.

They assume the existence of an American Nation embracing the whole geographical reach of the country, on which they posit their argument for a supreme national government. But this is merely a fiction . . . The Declaration, the [Articles of] Confederation, and the Constitution specifically recognize the existence of separate and sovereign States, not of any American Nation or consolidated nation or people of the United States or concentrated sovereignty in the Federal Government. The word “America” designates a region on the globe and does not refer to any political entity.”

(The Social Philosophy of John Taylor of Caroline, A Study in Jeffersonian Democracy, Eugene Tenbroeck Mudge, Columbia University Press, 1939, pp. 65-66)

Jan 7, 2017 - America Transformed, Southern Conservatives, Southern Heroism, Southern Patriots    Comments Off on Southern Courage and Carnage at Malvern Hill

Southern Courage and Carnage at Malvern Hill

After the costly Confederate assault on Malvern Hill on June 30, 1862, Stonewall Jackson ordered burial details to carry their dead from the “killing ground.” Author S.C. Gwynne writes that “Unlike most Civil War battles, in which artillery caused less than 5 percent of casualties, at Malvern Hill more than half of the Confederate dead and wounded had been victims of Federal solid shot, shell, spherical case, and canister. After such carnage in a war between Americans — one side fighting for independence from the other — it is a wonder that Lincoln did not raise his hand to halt the bloodbath and allow the South to govern itself in peace.

Bernhard Thuersam, www.Circa1865.com

 

Southern Courage and Carnage at Malvern Hill

“The place was more like a killing field, a defensive position that Fitz John Porter, architect of the fearsome [Northern] works at Mechanicsville and Gaines’s Mill, considered to be the strongest of the campaign so far.

The Union advantage started with its artillery: 268 cannons, many of them rifled, plus 26 giant siege guns that McClellan had been preparing to use against Richmond. The guns were everywhere: stacked on the brow of the hill, bristling on the army’s flanks, and even ranged in front of the infantry, where their flesh-tearing canister loads would enjoy a clear field of fire. Around them, stacked to the top of the rise, were the blue masses of infantry, fifty-four thousand of them.

The borders of the amphitheater were unassailable: ravines, swamps, streams and thick woods meant that the Union troops could not be flanked. Which meant the Confederate attack would be funneled into a narrow front with no cover. The rebel infantry would have to attack the Union position by coming up the rise, straight into the teeth of the strongest artillery emplacement of the war.

It looked like suicide, and Jackson and his brother-in-law [Gen.] D.H. Hill, who formed the Confederate left at the base of the slope, and along with [Gen. Benjamin] Huger’s and [Gen. John B.] Magruder’s troops would do the fighting this day, understood this at once.

For the Union gunners, the battle was more like a large-scale turkey shoot. Whenever a Confederate battery would unlimber, the massed Union guns would open on it, blowing it to pieces. When Jackson [ordered division commander Gen. W.H.C. Whiting] to bring up his guns . . . it took a moment for the Union batteries to register this. And then they blew the guns, wagons, men, horses, limbers, and caissons to bits.

Jackson, meanwhile, continued giving orders, in one case while a battery was being destroyed before his eyes. “He sat erect on his horse in this hurricane of canister and grape,” recalled one soldier, “his face was aflame with passion, his eyes flashing,”

Other Confederate gun crews were just as helpless before the massed counterbattery fire from the hill. After the war, McClellan’s chief of artillery . . . told Jackson’s artillerist Tom Munford, chillingly, how easy it was to destroy the rebel guns. He said he had “fifty pieces massed at Malvern Hill which he could concentrate on any battery that came out in the open and that they melted like wax before his rain of projectiles.”

Magruder’s first attacks did nothing but sacrifice several thousand men to Federal artillery and musketry [though they] became an inadvertent signal . . . for a general advance. The result was pure slaughter, some of the worst of the war. To their credit, the Southern infantry did not give up. They pressed attack after attack and were badly shot up, a huge percentage of them by artillery. “It was not war, it was murder,” said D.H. Hill later.”

(Rebel Yell, the Violence, Passion and Redemption of Stonewall Jackson, S.C. Gwynne, Scribner & Sons, 2014, excerpts, pp. 379-382)

Binding Men to the Footstools of Depots

South Carolinian Robert Y. Hayne (1791-1839) followed Jefferson’s admonition that the national debt was not something to be passed on to future generations, and most presidents of his era and until the War endeavored to pay the debts incurred by their administrations before leaving office. In encouraging a perpetual public debt, Daniel Webster promoted the American System of Hamilton and Henry Clay which provided the government a perpetual supply of money with which to buy influence and power.

Bernhard Thuersam, www.Circa1865.com

 

Binding Men to the Footstools of Despots

“The gentleman from Massachusetts [Webster], in alluding to a remark of mine that before any disposition could be made of the public lands, the national debt (for which they stand pledged) must be first paid, took occasion to intimate [that Southerners desire to pay the national debt] “arises from a disposition to weaken the ties which bind the people to the Union.”

But, adds the gentleman, “so far as the debt may have an effect in binding the debtors to the country, and thereby serving as a link to hold the States together, he would be glad that it should exist forever.”

Surely then, sir, on the gentleman’s own principles, he must be opposed to the payment of the debt. Sir, let me tell that gentleman that the South repudiates the idea that a pecuniary dependence on the Federal Government is one of the legitimate means of holding the States together.

A monied interest in the Government is essentially a base interest . . . it is opposed to all the principles of free government and at war with virtue and patriotism. In a free government, this principle of abject dependence if extended through all the ramifications of society must be fatal to liberty. Already we have made alarming strides in that direction.

The entire class of manufacturers, the holders of stocks with their hundreds of millions in capital, are held to the Government by the strong link of pecuniary interests; millions of people, entire sections of the country, interested, or believing themselves to be so, in the public lands and the public treasure, are bound to the Government by the expectation of pecuniary favors.

If this system is carried on much further, no man can fail to see that every generous motive of attachment to the country will be destroyed, and in its place will spring up those low, groveling, base and selfish feelings which bind men to the footstool of despots by bonds as strong and as enduring as those which attach them to free institutions.”

(Speech of Robert Y. Hayne of South Carolina, January 25, 1830; The Webster-Hayne Debate on the Nature of the Union, Herman Belz, Editor, Liberty Fund, 2000, pp. 42-43.)

Dec 31, 2016 - Lost Cultures, Recurring Southern Conservatism, Southern Conservatives, Southern Culture Laid Bare    Comments Off on State Government Solutions to Hard Times

State Government Solutions to Hard Times

Prior to federal intervention into State domestic affairs, governors saw their people as mostly self-reliant and able to carry themselves through hard times. Governor Max Gardner of North Carolina used State agencies and church charities to help his citizens through an economic depression and discourage dependency on government subsidies.

Bernhard Thuersam, www.Circa1865.com

 

State Government Solutions to Hard Times

“The cries of these suffering people reached the highest government offices in Raleigh, and State leaders planned how to aid them. Governor Gardner and other leaders did not believe that State government should provide relief. They believed that relief was the responsibility of private agencies and local governments because they were closest to the people. Also, State leaders believed that able-bodied people should work for what relief they received. They thought that a dole would destroy character and turn people into beggars.

Governor Gardner did believe that the State should encourage people to help themselves. His first concern was for farmers because the prices of cotton and tobacco dropped sharply in 1929, greatly reducing farmers’ income. In December 1929, Gardner proposed his Live-at-Home program to help the farmers.

This program encouraged farmers to grow part of the $150 million of feed and foodstuffs that they normally imported from out of State for consumption on the farm. Gardner expected the program to improve the State economy and to make the farmers self-sufficient in home food production so that they could ward of starvation.

To start the program, Governor Gardner used existing State agencies. He persuaded President Eugene Clyde Brooks of NC State College to send demonstration agents among farm families to encourage gardens, canning and growing livestock feed. The governor also prevailed upon the State Department of Public Instruction to publicize Live-at-Home among schoolchildren.

For one week each year students learned about the importance of nutrition, of the cow, of the poultry, of the hog, and of the garden. Some 800,000 schoolchildren participated in a Live-at-Home essay contest. The governor presented silver loving cups to the winners, Ophelia Holley, a black girl from Bertie County, and Leroy Sossamon, a white boy from Cabarrus County. Supporting the State efforts, some eastern bankers and merchants refused credit to farmers who would not grow less cotton and tobacco, and more food.

To help establish [county] relief committees, Governor Gardner appointed a Council on Unemployment Relief in November 1930. The council created a separate relief organization for blacks. Lt. Lawrence A. Oxley, a pioneer black social worker in North Carolina provided the leadership to help blacks organize county committees, and a Statewide committee for advising the governor.

The raising of relief funds and dispensing of aid thus fell on public and private local agencies, which cooperated in their work. The most important private organization was the Community Chest, which raised money and distributed it to charitable agencies. The associated charities gave needy families food, clothing, fuel, and medical care.

The Salvation Army mainly gave vagrants hot meals and free lodging in exchange for a few chores, but it also aided needy families. The Baptist Hospital in Winston-Salem treated 2650 patients in 1930, 1500 of them as charity cases. In 1932, the new Duke University Hospital reserved 250 of its 406 beds for the needy.”

(Hard Times, Beginnings of the Great Depression in North Carolina, 1929-1933, John L. Bell, NC Dept. of Cultural Resources, 1982, excerpts, pp. 43-45)

 

Consolidation Generates Monarchy

To Jefferson, the Revolution meant “not merely independence from British rule but also escape from the British system of government into republicanism.” He also abhorred political parties, or what he called sects,” and saw that all Americans as “federalists” – i.e., supporters of the Constitution and virtually all republicans, i.e., “believers in a republic rather than a monarchy.” And the States were the line of defense against government tendencies to consolidate power around itself.

Bernhard Thuersam, www.Circa1865.com

 

Consolidation Generates Monarchy

“On the eclipse of federalism, although not its extinction, [New England] leaders got up the Missouri question, under the false front of lessening the measure of slavery, but with the real view of producing geographical division of parties, which might ensure them the next President.

The people of the north went blindfolded into the snare, followed their leaders for awhile with a zeal truly moral and laudable, until they became sensible that they were injuring instead of aiding the real interests of the slaves, that they had been used merely as tools for electioneering purposes; and that trick of hypocrisy then fell as quickly as it had been got up.

To that has now succeeded a distinction, which, like that of republican and federal, or Whig and Tory, being equally intermixed through every State, threatens none of those geographical schisms, which immediately go to a separation.

The line of division now is the preservation of State rights as reserved in the Constitution, or by strained constructions of that instrument, to merge all into consolidated government. The Tories are for strengthening the Executive and General Government; the Whigs cherish the representative branch, and the rights reserved by the States, as the bulwark against consolidation, which must immediately generate monarchy.

Although this division excites, it is well understood, and will be a principle of voting at the ensuing election, with the reflecting men of both parties.”

(Thomas Jefferson, to Marquis Lafayette, November 1823, Jeffersonian Cyclopedia, John P. Foley, editor, Funk & Wagnalls Company, 1900, excerpt, pp. 760)

Guardians of the Constitution

John Taylor of Caroline said that “the great weakness of the Constitution is that its meaning is never unequivocal,” and that its misinterpretation was due to the loss of power by the agrarians.  Though the Constitution was designed to guarantee local self-government for the farmers, “a mode of construction is introduced to advance the interest of mercenary combinations.” The mercenary combinations helped form the Federalist, Whig and Republican parties.

Bernhard Thuersam, www.Circa1865.com

 

Guardians of the Constitution

“Certainly, the States never intended to give to the Federal Government the power of veto over their own laws. It is absurd to suppose that an agency brought into being by the several States can have exclusive power to construe the instrument which grants its power, for this is equivalent to the assertion that the States can make a constitution but are without power to prevent its infringement.

If the Federal Government has the last word even on the constitutionality of its own laws, then federalism is at an end. If the Supreme Court can dominate State matters, then all the heroic efforts of the Founding Fathers to set up a system of mutual checks and secure wise and responsible State government were futile.

In the event of a controversy between the two spheres [State and federal], the Supreme Court would be an interested party and consequently partial. Such a conflict cannot be settled by a court. The correct remedy, as stated in the Constitution, is amendment by the people. Further, the dispensation of justice is an inherent attribute of sovereignty. Hence, the people of the States, since they are sovereign, can be denied no judicial power over their own affairs.

Nonetheless, the Court is prone to ignore the idea of the sovereignty of the people of the States and to place it instead in the governments of the States or even the in the government of the Union on the hypothesis that the Union is the supreme government of an American Nation. And since the powers reserved to the States far exceed those delegated, this entitles the States to priority in all controversies over fundamental issues of government.

Liberty is lost if the States are deprived of a direct and final voice in the interpretation of the Constitution of their Union. Hence, the sweeping powers assumed by the Supreme Court are a direct violation of the basic liberties of the States and of the people. The idea of a court dictating to the States runs counter to the basic idea of federalism and makes the Constitution a rope of sand. If State powers are limited by any supreme federal department, the situation is like the one that [John] Locke described: “no man has a right to that which another has a right to that which another has a right to take from him.”

Hence, the States, not the justices of the Supreme Court, are the guardians and guarantors of the Constitution. A jury composed of the parties that originally contracted to form the Union is better qualified to perform the task of maintaining it than the federal justices whose power extends merely to cases in law and equity involving individual and private affairs, not to issues that affect any of the departments or spheres of the government of the United States.”

The Social Philosophy of John Taylor of Caroline, A Study in Jeffersonian Democracy, Eugene T. Mudge, Columbia University Press, 1939, excerpts, pp. 133-135)

Eulogizing a Vice President with American Principles

Vice President William R. King (under Presidents Millard Fillmore and Franklin Pierce) was born a North Carolinian in April, 1786, his father William King being a Revolutionary War veteran and member of the convention in which North Carolina ratified the U.S. Constitution. A United States Representative for North Carolina, and later a Senator representing Alabama, King was a fine complement to the presidency of Franklin Pierce of New Hampshire, the latter known as a “Northern man with Southern principles” – more correctly considered American principles.  He died on April 18, 1853.

Bernhard Thuersam, www.Circa1865.com

 

Eulogizing a Vice President with American Principles

(Remarks of Milton S. Latham of California, 8 December 1853)

“Mr. Speaker:

William Rufus King was a noble specimen of an American statesman and gentleman. The intimate friend of John C. Calhoun, and the contemporary of Webster, Clay, Cass and Benton, he maintained a proud position in the Senate of the United States by his strong, practical good sense, his experience and wisdom as a legislator, the acknowledged rectitude of his intentions, and that uniform urbanity of manner which marked, not so much the man of conventional breeding, as the true gentleman at heart.

He never knew what it was to speak, act or legislate by indirection. He was frank and loyal to his colleagues, as he was devoted to his own State, and sincerely attached to the Union. He was from principle and conviction a States’ Rights man; but he did not love the Union less because he loved Alabama more. While he was serving his own State with fidelity and honor, he was not remiss in his duties to the whole American Confederacy.

Like his illustrious prototype, John C. Calhoun, he battled for the rights of his State, in order to secure that harmony between Federal and State power, which is the essence of the Union, and without which it is impossible to preserve our system of self-government.

In the memorable session of 1849-1850, Mr. King voted for nearly all the compromise measures as an act of devotion to the National Union, without surrendering a single cardinal point of the political faith which had guided him through life, and had secured to him the affection and attachment of the citizens of his own State.”

(Obituary Addresses for Hon. William R. King, Vice President of the US, 8-9 December 1853, Robert Armstrong Printer, 1854, excerpt)

Public Debt, Then and Now

Abraham Lincoln was a devotee of the Alexander Hamilton/Henry Clay “American System” of public debt, tariff protectionism, government subsidies and a national bank. To finance his war in 1861, Lincoln turned to an income tax, and then succumbed to printing money. Nowhere in the United States Constitution is the federal government authorized to make paper money legal tender. By 1865, the public debt was $2.6 billion, and the direct/indirect cost of Lincoln’s war would reach $8 billion by 1900.

www.Bernhard Thuersam, www.Circa1865.com

 

Public Debt, Then and Now

“Contrary to official capitalist wisdom, debt does not create economic growth. This idea is a swindle. Interest to the very rich . . . does not produce anything. It does not multiply creatively into new enterprises and jobs; it merely diverts ever-greater proportions of earning that might be fruitfully invested.

The proof is all around us. How could the vast unpayable federal debt, which absorbs much of the government’s income just for the interest bondholders, foreign and domestic, possibly be an economic stimulus? How can the immense and near universal burden of personal mortgage and credit card debt possibly indicate a healthy economy and commonwealth?

The matter is simple, obvious to anybody except a politician, a captive economist, or a media flack, and it ought to be conveyed to the people at every opportunity. Debt is killing us. Every wise man in recorded history has affirmed that debt is not a good thing. Debt can destroy a family, a government, a society.

Alexander Hamilton, an upwardly mobile immigrant bastard with a Napoleon complex, declared that “a public debt is a public blessing.” Troubled, but not surprised, Jefferson noted a connection between debt cruel taxation that undermined the independence of the citizens, warning that “we must not let our rulers load us with perpetual debt.”

Weighed down by government debt, the people would have to labor ever harder to pay the debt-holders, leaving them “no time to think, no means of calling the managers to account.” Jefferson avowed as a core principle that “the earth belongs in usufruct to the living,” but the living had no right to consume the earnings of posterity.

Antebellum statesmen like John Taylor of Caroline and John C. Calhoun and economists like William Gouge and Condy Rageut made the same case. After the War Between the States, so did William Graham Sumner, Thomas E. Watson and countless other public men and thinkers.

Republicans (and their predecessors) have always been the party of bankers and bondholders, service to the rich being for them a natural and essential function of the federal government. Opposition to the federal debt was long a plank in the Democratic platform, but Democrats today are just as guilty as the Republicans in regard to the issue.

Lip service to the virtue of “low public debt” continued until Franklin Roosevelt discovered Keynes and declared that debt is no problem “because we owe it to ourselves” – “ourselves” being a conveniently vague and collective being.

The bipartisan bailout of misbehaving bankers and brokers that we saw a few years ago, and the failure of a multitude of presidential candidates to mention the matter, is not promising.”

(It’s the Debt, Stupid, Clyde N. Wilson, Chronicles, February 2016, excerpt pg. 16)

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