On the record
Another objection, scarcely less formidable, to the commencement of a new debt is its inevitable tendency to increase in magnitude and to foster national extravagance.
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gutenberg.orgMartin Van Buren: “Another objection, scarcely less formidable, to the commencement of a new debt is its inevitable tendency to increase in…”
Editor's note · Context
Van Buren warns against the dangers of accumulating national debt and its impact on fiscal responsibility.
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