What Is The Theme Of The Debt In Hamilton's Blessing

The national debt is usually a frightening topic citizens of any country, however, in the United States, twenty trillion dollars of national debt is one of the major fears of the economy. Along with this fear comes every politician claiming to be the person to lower this astronomical debt to ease concerns in the modern American economy. In Hamilton’s Blessing, John Steele Gordon tries to alleviate these concerns by showing a plethora of benefits and good the debt has been able to do throughout the history of the United States. The central premise of the book and the main guideline for John Steele Gordon’s thinking is that the debt was used to save the Union in the 1860’s, the American economy in the 1930’s, and the wellbeing of mankind during

It also doesn’t just paint a positive picture of traditional views as well. Although the theme was about the benefits of the national debt, the author also raised concern about the way the national debt is being used today as he states that the debt is, “an escape valve for political pressure.” This way successfully combines the necessities of the national debt, and the fears of its abuse make this work enlightening to the reader to gain knowledge on the

The title stems from when Alexander Hamilton wrote to Robert Morris about funding for the new nation stating, “‘A national debt, if not too excessive, will be to us a national blessing.’” The author makes an emphasis on this quote by showing how the United States has used the debt to fund and then pay off huge projects such as The Civil War, The Great Depression and World War II. If these events haven’t been funded using the national debt, than the country as we know today could have been dramatically