On the record
The consequences arising from the continual accumulation of public debts in other countries ought to admonish us to be careful to prevent their growth in our own.
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John Adams
Source
gutenberg.orgJohn Adams: “The consequences arising from the continual accumulation of public debts in other countries ought to admonish us to be…”
Editor's note · Context
He warns against the dangers of accumulating public debts, drawing lessons from other countries' experiences.
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On the contrary, to extend and invigorate them is our true policy.
In short, commerce has made this country what it is, and it can not be destroyed or neglected without involving the people in poverty and distress.
It is my duty to recommend to your serious consideration those objects which by the Constitution are placed particularly within your sphere--the national debts and taxes.
Such circumstances call with peculiar importunity not less for a disposition to unite in all those measures on which the honor, safety, and prosperity of our country depend than for all the exertions of wisdom and firmness.