Republican (proto-fascist/socialist) President Theodore Roosevelt turns the presidency over to Republican William Howard Taft, former Secretary of War, a resident of the federal enclave of Ohio. Roosevelt is giving to Taft a national debt that has expanded from 2,100,000,000 to 2,600,000,000 Dollars, going from 28 to 29 Dollars per person, but falling from 10 to 8% of the Gross National Product.
NOTES:
- The nation is still paying for the Panics of 1837 and 1857; the War of Federal Aggression; and now the Panic of 1907 through lawful Indirect (tariffs and excise) taxes placed upon manufactured goods.
- The Democratic and Republican (status quo) parties have now maintained a 12-year duopoly on political power.
[restored 6/3/2022]
Subsequent Events:
Authority:
Article II, Section 1 [Clause 8]
ccc-2point0.com/constitution-for-the-united-states
Article XII of Amendment
ccc-2point0.com/constitution-for-the-united-states
References:
Government – Historical Debt Outstanding – Annual 1850 – 1899
www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo2.htm
List of Presidents of the United states – Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/List_of_Presidents_of_the_United_States
Measuring Worth – GDP result.
www.measuringworth.com/datasets/usgdp/result.php
Bureau of Economic Analysis is an agency of the U.S. Department of Commerce.
www.bea.gov/national/index.html#gdp
Leviathan on the Right (How Big-Government Conservatism Brought Down the Republican Revolution) | Strike-The-Root: A Journal Of Liberty
www.strike-the-root.com/71/lfb/lfb1.html
Uncle Sam’s flag of 37 stars, by Tom Caldwell and Jim Lorenz
ccc-2point0.com/uncle-sams-flag-of-37-stars
Current U.s. National Debt:
