On the record
The Treasury of the United States, like the British Treasury, would always be without a surplus, and the national debt would be recognized as a burden to be endured forever.
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gutenberg.orgThe Treasury of the United States, like the British Treasury, would always be without a surplus, and the national debt would be recognized as a burden to be endured forever.
Sumner warns that, similar to the British Treasury, the U.S. Treasury may always struggle with surplus due to perpetual national debt.
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