I can scarcely contemplate a greater calamity that could…
“I can scarcely contemplate a greater calamity that could befall this country, than be loaded with a debt exceeding their ability ever to discharge. If this be a just remark, it is unwise and improvident to vest in the general government a power to borrow at discretion, without any limitation or restriction.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Excessive national debt threatens a state's stability and future.
In simple terms: Too much debt endangers a country.
Key Takeaway
Limit borrowing to preserve fiscal health.
Themes
economics
politics
responsibility
Mood
cautious
serious
Type
political
economic
When to use this quote
- budget planning
- policy debate
- national budgeting
Key Concepts
public debt
government finance
Questions to Reflect On
- Can debt ever be fully eliminated?
- What safeguards can prevent reckless borrowing?
A Different Perspective
Political realities may force compromise.