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Today's predicament succinctly outlined in 12/10 American Thinker article:
Thomas Jefferson owned about six hundred slaves over the course of his life. That is to say, he was involved in denying individual sovereignty to six hundred people. Barack Obama, by comparison, wishes to deny individual sovereignty to over three hundred million people. And yet according to the left, Jefferson should be dismissed as a hypocrite, and one of the noblest documents ever written reduced to the status of mere "politics," whereas Obama, who seeks to destroy that document, ought to be seen as a champion of equality and fairness.
If you are inclined to incredulity at the notion of comparing Obama's policy agenda to slave ownership, then you may wish to excuse yourself from the rest of this discussion, as the comparison only gets worse for Obama.
(CNSNews.com) - The federal government has now borrowed more money during Barack Obama’s time as president than it did in the period lasting from the time President George Washington took the oath office until July 2, 2001, more than five months into the first term of President George W. Bush.
At the close of business on Jan. 20, 2009, when President Barack Obama was inaugurated, the national debt stood at $10,626,877,048,913.08, according to the Treasury. At the close of business this Thursday, it stood at $16,323,083,449,604.98.
This Cato Institute paper is an EXCELLENT read, and has MANY parallels to our current state of affairs. There is an added advantage of being able to see where various policies lead, using Rome as example, using the spectacles of hindsight and significant amounts of historical fact.
As a link, here is a short excerpt on excessive taxes. Click the link to read more about Roman statism, inflation, currency, economy and individual liberty:
"In the fifty years after Diocletian the Roman tax burden roughly doubled, making it impossible for small farmers to live on their production (Bernardi 1970: 55).  This is what led to the final breakdown of the economy (Jones 1959). As Lactantius (1984: 13) put it:
The number of recipients began to exceed the number of contributors by so much that, with farmers' resources exhausted by the enormous size of the requisitions, fields became deserted and cultivated land was turned into forest."