James Madison Quotes
But the most common and durable source of faction [political parties] has been the various and unequal distribution of property. Those who hold and those who are without property have ever formed distinct interests in society.
James Madison, 1751-1836, 4th President of the United States (Democratic-Republican, VA), The Federalist, No. 10
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Faction was the then common word for political party. James Madison frequently used the word in this sense. See {606044}.
By 2015, the income inequality had gotten so bad that even billionaires were expressing alarm.
This was his most famous speech.
Referring to the urban poverty in mid-nineteenth century Spain.
Abrams originated this famous phrase which many have been used subsequently for various “socialized” government benefits that were available to the rich but not the poor. He was referring to the fact that at the time, the government provided housing assistance to the rich by having federally insured mortgages and granting tax deductions for the interest in home mortgages, but there was no assistance to the poor who could only afford to rent and had no tax deductions nor was there any federal public housing assistance. During the Great Recession the phrase was often used when the government gave bail out money to General Motors and the largest banks who were close to bankruptcy, but the landscaping gardener or the hot dog vendor whose business was falling because of the recession were told that is the capitalist system—there are some winners and some losers. The government officials who advocated the bailout did not disagree about the fairness and appropriateness of the Abrams phrase but if they had not bailed the banks out, the entire economic system of the country would probably have collapsed and the ensuing depression would hurt the average worker and the poor even more. Related to the recent “too big to fail” concept.
- Born: March 16, 1751
- Died: June 28, 1836
- Nationality: American
- Profession: President
James Madison Jr. was an American statesman, diplomat, expansionist, philosopher, and Founding Father who served as the fourth president of the United States from 1809 to 1817. He is hailed as the "Father of the Constitution" for his pivotal role in drafting and promoting the Constitution of the United States and the United States Bill of Rights. He co-wrote The Federalist Papers, co-founded the Democratic-Republican Party, and served as the fifth United States Secretary of State from 1801 to 1809.