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Restore, without delay, the equilibrium between revenue and expenditures, which has done so much to destroy our credit and derange the whole fabric of government. If that should not be done, the government and country will be involved, ere long, in overwhelming difficulties.
John C. Calhoun
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Interpretation

What this quote means

This quote emphasizes the importance of balancing government income and spending to maintain stability and credit.

John C. Calhoun's quote underscores the critical need for fiscal responsibility in government. By advocating for the immediate restoration of balance between revenue and expenditures, Calhoun warns that failing to address this imbalance can lead to severe financial and political consequences, threatening the integrity of governmental structures and the wellbeing of the country as a whole.

Themes

BalanceGovernmentExpendituresRevenueCreditStability

In practice

Example use cases

This quote could be used in a political debate about government spending.

More from John C. Calhoun

The danger in our system is that the general government, which represents the interests of the whole, may encroach on the states, which represent the peculiar and local interests, or that the latter may encroach on the former.
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I hold that there is a mysterious connection between the fate of this country and that of Mexico; so much so that her independence and capability of sustaining herself are almost as essential to our prosperity and the maintenance of our institutions as they are to hers.
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The error is in the assumption that the General Government is a party to the constitutional compact. The States ... formed the compact, acting as sovereign and independent communities.
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There is not an example on record of any free state holding a province of the same extent and population without disastrous consequences. The nations conquered and held as a province have, in time, retaliated by destroying the liberty of their conquerors through the corrupting effect of extended patronage and irresponsible power.
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Stripped of all its covering, the naked question is, whether ours is a federal or consolidated government; a constitutional or absolute one; a government resting solidly on the basis of the sovereignty of the States, or on the unrestrained will of a majority; a form of government, as in all other unlimited ones, in which injustice, violence, and force must ultimately prevail.
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