National Debt
Adams directly addresses the House of Representatives in regard to the national debt and taxes which had to be raised in order to fund a larger, more mobile Army. He warns against loans as he believed that they had contributed to the vast debt and economic collapse of historical empires. He ends his address by reiterating his general theme of the necessity to militarize to adequately defend against foreign imperialism.
Read more about this topic: 1797 State Of The Union Address
Famous quotes containing the words national debt, national and/or debt:
“A national debt, if it is not excessive, will be to us a national blessing.”
—Alexander Hamilton (1757–1804)
“There is no national science just as there is no national multiplication table; anything that is national is not scientific.”
—Anton Pavlovich Chekhov (1860–1904)
“Man’s pity for himself, or for his son,
Always premising that said son at college
Has not contracted much more debt than knowledge.”
—George Gordon Noel Byron (1788–1824)