Debt overthrows public morality

Allow a government to decline paying its debts and you overthrow all public morality — you unhinge all the principles that preserve the limits of free constitutions. Nothing can more affect national prosperity than a constant and systematic attention to extinguish the present debt and to avoid as much as possible the incurring of any new debt.

Public debt is our greatest enemy

I place economy among the first and most important virtues and public debt as the greatest dangers to be feared … We must not let our rulers load us with perpetual debt. We must make our choice between economy and liberty or profusion and servitude … The same prudence which in private life would forbid our paying money for unexplained projects, forbids it in the disposition of public money. We are endeavoring to reduce the government to the practice of rigid economy to avoid burdening the people.

The Federal Reserve

Most Americans have no real understanding of the operation of the international money lenders. The accounts of the Federal Reserve System have never been audited. It operates outside of the control of Congress and manipulates the credit of the United States.