As another Lame Cherry exclusive in matter anti matter.
I honestly cringed when I read the content of this ZeroHedge reprint of an article extolling how Thomas Jefferson handled the American national debt.
In his first message to Congress, Jefferson wrote:
“Sound principles will not justify our taxing the industry of our fellow citizens to accumulate treasure for wars to happen we know not when, and which might not perhaps happen but from the temptations offered by that treasure.”
Congress responded to Jefferson’s message, reducing the army to 3,000 soldiers and 172 officers. It also cut the navy to six frigates and reduced the number of foreign embassies to only three — in Britain, France, and Spain.
All of these spending cuts freed up about $7 million in revenue annually. Secretary of Treasury Albert Gallatin used the surplus to pay down the debt.
At the same time, Congress even reduced taxes, eliminating the hated whiskey tax, along with other internal taxes.
During Jefferson’s tenure, the federal debt fell from $83 million in 1801 to $57 million in 1809. As Chris Edwards at the Cato Institute noted, the drop in debt was impressive, especially considering that the government swallowed that $13 million of added debt from the Louisiana Purchase.
Jefferson was also the beneficiary of a growing economy. After falling in the first two years of his first term, primarily due to the tax cuts, federal revenues soared to nearly $17 million by the end of his presidency. This was largely a function of a huge increase in import duties. Instead of using growing revenue to increase the size and scope of the federal government, Jefferson and Gallatin applied the surplus to pay down the debt.
The Thomas Jefferson "miracle was not any miracle at all.
The Lame Cherry is not for the all out looting of the US Treasury by this Nazi Conglomerate Rule enforced by the police state. America has been hijacked and overthrown since, the Rothschilds created the American Civil War.
Here are the facts that the ZeroHedge did not provide for it's readers.
Thomas Jefferson had in mind with the democrats the above in ending a standing army, which was a fixation of his, in his hatred of Alexander Hamilton. Again, the Lame Cherry is not in favor of standing armies as we have all witnessed what this murder machine is up to in trillions of dollars in looting from the Treasury, but what Jefferson's idea of defense was militia and gunboats.
The Lame Cherry has covered this previously but will for teaching purpose repeat myself in the examination of this in President Theodore Roosevelt in his history of the War of 1812.
What happened in this war of 1812, was brought about by Jefferson policy. England began stopping American shipping and seizing Americans on board to be slaves on their ships. This festered for years and it was Jefferson protege in James Madison who declared war on England, and England promptly invaded America and burned the White House.
Those 6 frigates. They were not Jefferson's. They were Federalist Republican John Adams ships. If not for those ships, England would have reconquered America and ended Jefferson's great experiment.
The reality was that militias were not trained. They would not hold their ground. In Washington, the militia fired a volley, dropped their guns and ran. Americans always were better at guerrilla warfare.
As for Jefferson gunboats. His idea was to have large boats that men oared, to swarm with their one cannon, enemy ships and overcome them. One can not patrol off the coast in row boats and challenge foreign invaders and it was soon learned that shooting cannon out of gunboats, capsized the boats.
This was Jefferson's American Defense. It was worthless and almost ended the United States.
Here are the stats of what the War of 1812 cost America for the meager savings Jefferson bragged about....and so is ZeroHedge.
Jun 13, 2019 ... The war was the first of five declared wars by the United States. The War of 1812 cost the nation $1.78 billion. About 15,000 Americans died ...
15,000 Americans dead. The Jefferson dead was very costly to the dead with the price of savings on their corpses.
I will not solve this issue in this post. What the Lame Cherry will do is point out what all of us now are certain of, the current Nazi systems which has hijacked America is not the answer and Thomas Jefferson's ideas are not the answer either.
OK so I will solve this, Ronald Reagan had the answer, it worked and would have been a complete success if Congress had just cut spending as it should have.
Nuff Said.
agtG
