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 and/or debt:
“I foresee the time when the painter will paint that scene, no longer going to Rome for a subject; the poet will sing it; the historian record it; and, with the Landing of the Pilgrims and the Declaration of Independence, it will be the ornament of some future national gallery, when at least the present form of slavery shall be no more here. We shall then be at liberty to weep for Captain Brown. Then, and not till then, we will take our revenge.”
—Henry David Thoreau (1817–1862)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)