"I regret, as much as any
member, the unavoidable weight and duration of the burdens to be imposed;
having never been a proselyte to the doctrine, that public debts are public
benefits. I consider them, on the contrary, as evils which ought to be removed
as fast as honor and justice will permit."
--James Madison, Debates in the House of
Representatives on the First Report on Public Credit, 1790
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