Founder's Quote Daily

Feb. 8, 2013

“I regret, as much as any member, the unavoidable weight and duration of the burdens to be imposed; having never been a proselyte to the doctrine, that public debts are public benefits. I consider them, on the contrary, as evils which ought to be removed as fast as honor and justice will permit.”

James Madison, Debates in the House of Representatives on the First Report on Public Credit, 1790