Political Quotes

James Blaine: “The acknowledged and imperative indebtedness of the Government was already enormous; contingencies yet to be encountered…”

On the record
The acknowledged and imperative indebtedness of the Government was already enormous; contingencies yet to be encountered would undoubtedly increase it, and its weight would press heavily upon the people until a firmly re-established credit should enable the Government to lower the rate of interest upon its bonds.
Said by
James Blaine
Republican · Maine

Editor's note · Context

Blaine discusses the enormous debt of the government and the potential for future financial burdens.

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