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The excerpt represents the core issue or deciding factor on which you must meditate, and is drawn from Common Sense by Thomas Paine: be but accomplished. No nation ought to be without a debt.
A national debt is a national bond; and when it bears no interest,
is in no case a grievance. Britain is oppressed with a debt of upwards
of one hundred and forty millions sterling, for which she pays upwards
of four millions interest. And as a compensation for her debt,
she has a large navy; America is without a debt, and without a navy;
yet for the twentieth part of the English national debt,
could have a navy as large again. The navy of England is not worth,
at this time, more than three millions and an half sterling.
The first and second editions of this pamphlet were published without
the following calculations, which are now given as a proof that the
Common Sense |
