On the record
There is no way to pay a debt except by having an income above your expenditures, and you can call your surplus revenue a sinking fund if you choose.
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gutenberg.orgThere is no way to pay a debt except by having an income above your expenditures, and you can call your surplus revenue a sinking fund if you choose.
Sherman emphasizes the necessity of having an income above expenditures to pay off debt.
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