What we also have to recognize is that the deficit levels that I'm inheriting, over a trillion dollars, coming out of last year, that that is unsustainable. At a certain point, other countries stop buying our debt, at a certain point, we'd end up having to raise interest rates, and it would end up creating more economic chaos and potentially inflation.
We take care of our health; we lay up money; we make our roof tight, and our clothing sufficient; but who provides wisely that he shall not be wanting in the best property of all, -friends?
The counting-room maxims liberally expounded are laws of the Universe. The merchant's economy is a coarse symbol of the soul's economy. It is, to spend for power, and not for pleasure.
Whence comes war and fighting, and factions? Whence but from the body and the lust of the body? Wars are occasioned by the love of money, and money has to be acquired for the same and service of the body.
Money nowadays is money; money brings office; money gains friends; everywhere the poor man is down.
[Lat., In pretio pretium nunc est; dat census honores,
Census amicitias; pauper ubique jacet.]
If our soldiers are not overburdened with money, it is not because they have a distaste for riches; if their lives are not unduly long, it is not because they are disinclined to longevity.