“ Men readily perceive that they can not be much oppressed by a debt which they owe to themselves. ”
Abraham Lincoln, State of the Union Address. copy citation
| Author | Abraham Lincoln |
|---|---|
| Source | State of the Union Address |
| Topic | debts |
| Date | |
| Language | English |
| Reference | |
| Note | |
| Weblink | http://www.gutenberg.org/files/5024/5024-h/5024-h.htm |
Context
“Privileges like these would render the possession of such securities to the amount limited most desirable to every person of small means who might be able to save enough for the purpose. The great advantage of citizens being creditors as well as debtors with relation to the public debt is obvious. Men readily perceive that they can not be much oppressed by a debt which they owe to themselves.
The public debt on the 1st day of July last, although somewhat exceeding the estimate of the Secretary of the Treasury made to Congress at the commencement of the last session, falls short of the estimate of that officer made in the preceding December as to its probable amount at the beginning of this year by the sum of $3,995,097.31.”
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