Wednesday, August 3, 2011

Borrowed Times: A History of the National Debt | BackStory with the American History Guys

Borrowed Times: A History of the National Debt | BackStory with the American History Guys: "“A national debt, if it is not excessive, will be to us a national blessing.” – Alexander Hamilton
With Congress at a standstill over whether to raise the nation’s borrowing limit, and the national debt approaching the size of the entire U.S. economy, you’d be hard pressed to find a politician with anything good to say about our debt. But America’s first Treasury Secretary famously called it a “national blessing.” What did he mean by that, and are there other times in history when Americans have actually celebrated our national debt?"

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