John C. Calhoun Quotes
In 1828 we raised the duties, on an average, to nearly fifty per cent, when the debt was on the eve of being discharged, and thereby flooded the country with a revenue, when discharged, which could not be absorbed by the most lavish expenditures.
John C. Calhoun
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What the Obama administration's policies have really been oriented towards have always been towards providing benefits continuing consumption. What this country needs really is a policy which stresses investments.
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In 1828 we raised the duties, on an average, to nearly fifty per cent, when the debt was on the eve of being discharged, and thereby flooded the country with a revenue, when discharged, which could not be absorbed by the most lavish expenditures.
John C. Calhoun