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.