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Borrowing Quote by John C. Calhoun

“It is admitted on all sides that we must equalize the revenue and expenditures. The scheme of borrowing to make up an increasing deficit must, in the end, if continued, prove ruinous.” quote by John C. Calhoun
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“It is admitted on all sides that we must equalize the revenue and expenditures. The scheme of borrowing to make up an increasing deficit must, in the end, if continued, prove ruinous.”

John C. Calhoun

About This Quote

Source Speech: Congressional Address, 1850

Borrowing to cover deficits harms the economy if it continues unchecked.

In simple terms: Debt to fund deficits is risky.

Key Takeaway

Avoid perpetual borrowing.

Themes

economics fiscal policy debt government

Mood

cautious analytical

Type

political economic

When to use this quote

  • national budgeting
  • public spending
  • economic planning
  • policy debate

Key Concepts

budget balance macroeconomic stability

Questions to Reflect On

  • What are the limits of sustainable borrowing?
  • How can deficits be reduced responsibly?
A Different Perspective

May ignore short‑term needs for long‑term stability.

2.1 out of 5 (9 ratings)

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