Boehner released a memo warning of the perils of increasing governmental debt by quoting the young Congressman, Abraham Lincoln, who wrote:
“[Government debt] is a system not only ruinous while it lasts, but one that must soon fail and leave us destitute. . . . An individual who undertakes to live by borrowing, soon finds his original means devoured by interest, and next no one left to borrow from –- so must it be with a government.”That's fine, as far as Boehner goes, but he stopped too soon. Lincoln also wrote:
"By this means a new national debt has been created, and is still growing on us with a rapidity fearful to contemplate -- a rapidity only reasonably to be expected in time of war. This state of things has been produced by a prevailing unwillingness either to increase the tariff or resort to direct taxation."I rest my case. You can say anything by selectively quoting the dictionary, you know.
Ralph
No comments:
Post a Comment