One-third of the national debt has been paid, while much of the other two-thirds has been refunded at lower rates, and these savings of interest and constant economies have enabled us to repeat the satisfying process of more tax reductions.
Calvin Coolidge: “One-third of the national debt has been paid, while much of the other two-thirds has been refunded at lower rates, and…”
Editor's note · Context
Coolidge reports on the reduction of national debt and the benefits of lower interest rates.
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