Pundit Review Radio

Chris DeRose has written a terrific book about a little understood period of American history, those years between the Declaration of Independence in 1776 and the first session of Congress under the Constitution in 1789. Founding Rivals: Madison vs. Monroe, The Bill of Rights, and The Election that Saved a Nation Beyond the story of Madison and Monroe, one thing that struck me time and again was how similar the country’s problems were as a nascent nation and today as a world superpower. The very first tax bill that came before Congress went nowhere and was punted to a “Committee”. Really. On day one of the first session of Congress, the country had a “staggering” $54 million debt, 12% of which was owned by foreign governments. Sound familiar? Madison did a study of failed governments throughout history and the common thread he discovered was paralysis. They were no longer able to govern. Super committee anyone? Overseas rivals mocking our government’s ability to function, not to mention our balance sheet. C