I go on the principle that a public debt is a public curse and in a republican government more than in any other.
Interpretation
Public debt is detrimental to society, especially in a republic.
James Madison highlights the inherent dangers of public debt in a republican government. He views it as a 'public curse' because the burden of debt ultimately falls on the citizens, threatening their freedom and the health of the government itself. In a system founded on the principle of public representation, excessive debt can undermine the very tenets of democracy, as it leads to fiscal irresponsibility that can diminish the capabilities of the government to serve its people.
In practice
In a discussion about fiscal policy, one might quote Madison to emphasize the importance of managing national debt.
No man is allowed to be a judge in his own cause; because his interest would certainly bias his judgment, and, not improbably, corrupt his integrity. With equal, nay with greater reason, a body of men are unfit to be both judges and parties at the same time.
I believe there are more instances of the abridgment of the freedom of the people by gradual and silent encroachments of those in power, than by violent and sudden usurpations; but, on a candid examination of history, we shall find that turbulence, violence, and abuse of power, by the majority trampling on the rights of the minority, have produced factions and commotions, which, in republics, have, more frequently than any other cause, produced despotism.
The advice nearest to my heart and deepest in my convictions is that the Union of the States be cherished and perpetuated.
Knowledge will forever govern ignorance; and a people who mean to be their own governors must arm themselves with the power which knowledge gives.
The magnitude of this evil among us is so deeply felt, and so universally acknowledged, that no merit could be greater than that of devising a satisfactory remedy for it.
It was by the sober sense of our citizens that we were safely and steadily conducted from monarchy to republicanism, and it is by the same agency alone we can be kept from falling back.
Why should our bodies end at the skin, or include at best other beings encapsulated by skin?
Eloquence, at its highest pitch, leaves little room for reason or reflection, but addresses itself entirely to the desires and affections, captivating the willing hearers, and subduing their understanding.
If you want your own way, God will let you have it. Hell is the enjoyment of one's own way forever.
Our social and economic system cannot march toward better days unless it is inspired by things of the Spirit. It is here that the higher purposes of individualism must find their sustenance.
Fire. God of Abraham, God of Isaac, God of Jacob, not of the philosophers and the scholars. I will not forget thy word. Amen.
We didn't exactly believe your story.' Then --?' 'We believed your two hundred dollars.' 'You mean --' She seemed not to know what he meant. 'I mean that you paid us more than if you'd been telling the truth,' he explained blandly, 'and enough more to make it all right.
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