The CBO still projects the public debt to grow to an astonishing $20 trillion in 10 years.
The section says that “the validity of the public debt of the United States, authorized by law... shall not be questioned.”
If you want to believe that the public debt is immoral and that taxation is theft, go right ahead and believe those things.
Over four years, policymakers in Europe and the United States have argued about public debt.
But at the highest levels, the Republican Party cares nothing about the public debt.
No pecuniary consideration is more urgent than the regular redemption and discharge of the public debt.
It was not contended that a public debt was a public blessing.
This, for the most part, is the capital and interest for the public debt.
Its property is appropriated to the extinction of the public debt.
There was a public debt, the annual interest of which amounted to 200,000 florins.