Death Of Alexander Hamilton On This Day In 1804: What Would He Think Of The Debt Ceiling Crisis?

On this day, 207 years ago, in 1804, former Secretary of the Treasury Alexander Hamilton was killed in a gun duel with Vice President Aaron Burr!

The tragedy of this bright, intelligent, brilliant man, who made such a dramatic difference in our history, dying at the young age of 47, still reverberates through our nation, as we desperately need a financial genius such as Hamilton to resolve our financial difficulties, where we are on the brink of default of our debt payments by August 2, unless cooler heads prevail and a compromise is reached!

Would Hamilton be proud of the Republican Party refusal to consider any tax adjustments, reforms, or increases, when the tax rate is the lowest it has been since the 1940s, and our greatest prosperity came during the Eisenhower and Kennedy Administrations, when the tax rates were as high as 91 percent under Eisenhower, and were dropped to 70 percent under JFK?

Hamilton, who believed in the power of the federal government, would be appalled at the states rights emphasis reviving today, as if there was no Civil War to resolve that matter!

He would be shocked at the ignorance of Republican leaders and supporters who feel no loyalty to the country, but only to their own selfish, greedy personal desires!

Hamilton revived the American economy 220 years ago when it was in desperate circumstances, making certain that all debts were paid!

It would be ironic if now we saw our nation declare bankruptcy, which will damage the nation and its citizens for generations to come, all over refusal to promote what the definition of politics is, that it is “the art of compromise”!