“For debt crisis lessons, look back 225 years”

Shays' Rebellion

The August 2 deadline for raising the debt ceiling is approaching fast. Historians say the same issues in today’s debate over debt crisis have been seen before. Daniel Klinghard, associate professor of political science at the College of the Holy Cross, talks to CNN.com about how the same issue drove Shays’ Rebellion, an armed uprising in Massachusetts in the 1780s.

This “Holy Cross in the News” item by Cristal Steuer.

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One Response to “For debt crisis lessons, look back 225 years”

  1. John Power Class of 1959 says:

    President Obama is a decent man and a gentleman in an age, as the phrase goes, that has no use for gentlemen. The country has 80 times the population it did in 1790, and the Tea Party positions are moronic. He needs to make his case. I am sometimes concerned he doesn’t see both sides of the issues, but 8 or 10 sides. That’s probably the lawyer in him. I hope he reads TR’s The Man in the Arena and takes it to heart. If someone like Mitt Romney or Perry is elected, we’ll look back on August 2011 as the good old days.

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