Political Quotes

Thomas Paine: The debt, therefore, is not reduced one farthing to the public by all the millions that have been paid; and it would…

On the recordJanuary 1, 1791
The debt, therefore, is not reduced one farthing to the public by all the millions that have been paid; and it would require more money now to purchase up the capital, than when the scheme began.
Said by
Thomas Paine

Editor's note · Context

In "Rights of Man," Paine concludes his critique of national debt management by stating that despite payments, the public has seen no real reduction in the debt's burden.

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