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.
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
Said by
Thomas Paine
Source
gutenberg.orgEditor'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.
Share
More from Thomas Paine
Jan 1, 1791
If, therefore, the good to be obtained be worthy of a passive, rational, and costless revolution, it would be bad policy to prefer waiting for a calamity that should force a violent one.
Jan 1, 1791
Why may we not suppose, that the great Father of all is pleased with variety of devotion; and that the greatest offence we can act, is that by which we seek to torment and render each other miserable?
Jan 1, 1791
Discussion and the general will arbitrates the question, and to this, private opinion yields with a good grace, and order is preserved uninterrupted.