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National Debt and the Destruction of Liberty

National Debt and the Destruction of Liberty

by Michael Boldin | Jun 6, 2025 | Founding Principles

“I go on the principle that a Public Debt is a Public curse” James Madison didn’t see public debt as a mere policy debate or a nuisance to be dealt with later. He saw it as one of the most dangerous threats to a representative system – one that leads straight to...
Founders’ Foresight: The Perils of Perpetual Debt

Founders’ Foresight: The Perils of Perpetual Debt

by Michael Boldin | Jul 31, 2024 | Economy, Federal Funding, Founding Principles

“A public debt is a public curse.” That’s how James Madison put it, and he was right. Today, America is absolutely drowning in debt – and teetering on the brink. We’ve just hit a new, previously unthinkable milestone: a national debt of $36 trillion...
The National Debt is a National Curse

The National Debt is a National Curse

by Michael Boldin | Jun 2, 2023 | Founding Fathers, Founding Principles

The national debt is a national curse.  That’s not just our view, it’s how James Madison described it. I go on the principle that a Public Debt is a Public curse and in a Rep. Govt. a greater than in any other. That’s because, as Madison put it, debts are one of a...
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