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#1228 Budgets

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"Jefferson regarded the national debt as a national disgrace." — Clay

This week, President Jefferson (as portrayed by humanities scholar Clay S. Jenkinson) explains his reasoning behind his federal budget and why he felt it was essential to pay down the national debt that he inherited. We also learn about some of the people who helped Jefferson develop the budget, including Secretary of the Treasury Albert Gallatin.

Jefferson dedicated his administration to reducing the national debt as severely as possible. As always, there are parallels between Jefferson's time and ours. He wanted to cut taxes and the size of the federal government, but he also wanted to cut the size of the Army and Navy; you don't hear that kind of talk much in our time. In this case, Jefferson was an ideologue about fiscal responsibility.

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from 2017, released January 6, 2017
jeffersonhour.com/blog/1228

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