[FoRK] Fwd: James Knox Polk's Inaugural Address, 1845
joe at barrera.org
Sat Feb 26 21:00:51 PST 2005
> A national debt has become almost an institution of European
> monarchies. It is viewed in some of them as an essential prop to
> existing governments. Melancholy is the condition of that people
> whose government can be sustained only by a system which periodically
> transfers large amounts from the labor of the many to the coffers of
> the few. Such a system is incompatible with the ends for which our
> republican Government was instituted. Under a wise policy the debts
> contracted in our Revolution and during the War of 1812 have been
> happily extinguished. By a judicious application of the revenues not
> required for other necessary purposes, it is not doubted that the
> debt which has grown out of the circumstances of the last few years
> may be speedily paid off.
Ah... to not have a national debt...
> It is a source of deep regret that in some sections of our country
> misguided persons have occasionally indulged in schemes and
> agitations whose object is the destruction of domestic institutions
> existing in other sections--institutions which existed at the
> adoption of the Constitution and were recognized and protected by it.
> All must see that if it were possible for them to be successful in
> attaining their object the dissolution of the Union and the
> consequent destruction of our happy form of government must speedily
Now! What "domestic institutions" are we talking about here?
One wonders what would be if a JKP clone had held office in 1860...
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