Political Quotes

Thomas Paine: A government may be said to be insolvent every time it applies to the nation to discharge its arrears.

On the recordJanuary 1, 1791
A government may be said to be insolvent every time it applies to the nation to discharge its arrears.
Said by
Thomas Paine

Editor's note · Context

In "Rights of Man," Paine defines governmental insolvency as occurring whenever a government must appeal to the nation to settle its debts.

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