Hence the Federal axiom, that a public debtis a public blessing.
Our country, which exhibits to the world the benefits of self-government, in developing all the sources of national prosperity owes to mankind the permanent example of a nation free from the blighting influence of a public debt.
A public debt of several millions of dollars has been created within the last few years.
Depend upon it, the longer you delay to provide the means for discharging the public debt, the greater will be the risk and difficulty of doing it.
If, then, while creating a public debt, we neglect to provide the means of payment, what will be the consequence?
Sir, I hold it to be a sound political principle--a principle from which this Government never ought to depart--that the creation of public debt ought to be accompanied with the means of its extinguishment.
Does any gentleman expect, while we have a public debt, to prevent speculation in our funds?
Hence it has been thought that a public debt is a source of great emolument to a nation, by extending its capital, and enlarging the operations of productive industry.
If, as they believed, a public debt was a public evil, it would be enormously increased by adding those of the States to that of the Union.
It was not contended that a public debt was a public blessing.
A public debt seemed to be considered by some as a public blessing, but to this doctrine they were not converts.
These were made to correspond with the time of the probable collection of the taxes out of which the loans were to be paid; and such, it may safely be assumed, was also the origin of public debtin all countries.
However, as they receive as money the certificates of public debt, and these can be bought for the half or fourth of their nominal value, the price of the lands is reduced in proportion.
If, as they believed, a public debt was a public evil, it would be enormously increased by adding those of the states to that of the union.
A public debt seemed to be considered by some as a public blessing; but to this doctrine they were not converts.
The above list will hopefully provide you with a few useful examples demonstrating the appropriate usage of "public debt" in a variety of sentences. We hope that you will now be able to make sentences using this group of words.
