Political Quotes

John Sherman: “There is no way to pay a debt except by having an income above your expenditures, and you can call your surplus revenue…”

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.
Said by
John Sherman
Ohio

Editor's note · Context

Sherman emphasizes the necessity of having an income above expenditures to pay off debt.

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