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In time of peace there can, at all events, be no justification for the creation of a permanent debt by the Federal Government. Its limited range of constitutional duties may certainly under such circumstances be performed without such a resort.

Martin Van Buren (2009). “Messages and Papers of the Presidents: Martin Van Buren, William Henry Harrison, John Tyler, James K. Polk”, p.1825, Wildside Press LLC
In time of peace there can, at all events, be no justification for the creation of a permanent debt by the Federal Government. Its limited range of constitutional duties may certainly under such circumstances be