I'm sure in his time, most in government were on the plus side of honorable, unlike today. The scale of debt in blue states like California, et al is staggering - they are run nowhere near anyone with any sense would call honorable.
True, he felt it was for the collective good will and camaraderie, etc. and that it would foster a common will, but we as a nation are about as fractured as a nation could be. Truthfully, I doubt whether I, maybe many like me, will ever want anything to do with California, Massachusetts, etc...again.
Taking on states’ debts in those days compared to the currrent situation would be apples to oranges.
Hamilton was not the father of the modern entitlement state or society, and would as has been stated, be horrified of such.
And that is what we have now. In such a society and corresponding government, freedom naturally erodes, as does the full faith and credit of the nation.
We needed both of them to create the greatness of America. We needed Jefferson for his contribution and we needed Hamilton for his.
Under God’s blessing and guiding hand, we got both.
We are now about to throw all of it away, and in certain respects, already have.
Read something this morning, that if true, needs to be realized when anyone talks about raising taxes or the problem with California’s fiscal situtation.
It’s a big scam. California has roughly 500 billions in investments and assets that are included in the CAFR aka comprehensive annual financial report, but studiously avoided when it pertains to debts and taxes. Read this and tell me what you think.
http://realitybloger.wordpress.com/2012/05/25/california-government-hides-billions-from-taxpayers/
Regarding Hamilton’s advocating the Federal assumption of war debt, you said:
“I’m sure in his time, most in government were on the plus side of honorable.....”
“True, he felt it was for the collective good will and camaraderie, etc. and that it would foster a common will..”
I have never seen a quote of this sort from Hamilton, and you certainly cannot ‘channel’ Hamilton.
Hamilton’s motivation was to transfer wealth through debt which would be paid by a federal bank from one class of people to another.
I'm sure in his time, most in government were on the plus side of honorable, unlike today. The scale of debt in blue states like California, et al is staggering - they are run nowhere near anyone with any sense would call honorable.
What you are referring to is called "the assumption." It was intended to promote union between the states so that they would all feel more strongly bound to each other. When I first learned of it, I thought it was an excellent idea. It was just another way of saying "We are all in this together."
However, it was a one shot deal, and it was not intended to justify or forgive irresponsibility on the part of states who are behaving idiotically. California, Michigan, and other states which are following the Democrat model, not only ought to suffer the ravages of their own foolishness, I believe that it is our civic duty to make them suffer it faster and as horribly as we can make it!
What these people have been flirting with NEEDS to leave a horrible memory burned onto their psyche. The voting public who tolerates the Socialist/Communistic mindset needs to be made fully aware of what is WRONG with socialist ideas. If they don't feel the burn, they will never learn.
The problem during the Articles of Confederation period was Continental Army vets and others that supported that effort were being stiffed. The unanimous actions for paying debts was a big problem. Some states gambled and bought up the worthless debt in exchange for state notes and then the states started stalling.
Shay’s rebellion was largely brought about by debt issues most modern analysis has shown. Hamilton was trying to instill national confidence within as well as outside the nation.
His contribution was tremendous, but his personality as he grew older left him without enough defenders when the Jefferson tactics started.
Anyone here should feel free to correct me if I'm wrong on this.