Also worth noting is the fact that the Morill bill was not a 'revenue' tariff, but protectionism. Despite people's claim that Reaganites invented 'voodoo economics' the tenets of revenue generation by "right sizing" taxes to maximize revenue were known, even in Buchanan's day (IIRC). And just how do you use this piece of idle humor to explain the 80 million dollar deficit at the time of the Morrill tariff?
Of course, the truth of the matter was that most of the 80 million was stolen by the south in one form or another. When you don't produce, you must depend on the kindness of strangers, and if not then you must steal like a thief in the night. How is this stealing better than a balanced budget and the concept of paying one's own way in the world. Do elaborate.
And just how do you use this piece of idle humor to explain the 80 million dollar deficit at the time of the Morrill tariff? An economic recession hit the country and, combined with excessive government spending, put the country into deficit. It was called the Panic of 1857. Look it up.
"Of all the planks in the Chicago platform, the only one that elicited any thing like enthusiasm in the Convention was
the protection one, and that did elicit it to an extent never exceeded on any occasion. Of all the measures now before the Senate, that, however, is the one that seems to have the greatest ardent friends -- the Pacific Railroad bill & the Homestead bill, the tendencies of which, as regards increase of wealth or strength, are directly the opposites of protection, being likely to become laws, while the Tariff bill goes over to another session. Nevertheless,
the success of your administration is wholly dependant upon the passage of the Morrill bill at the present session. With it, the people will be relieved -- your term will commence with a rising wave of prosperity -- the treasury will be filled -- and the party that elected you will be increased and strengthened. Without it, there will be much suffering among the people -- much dissatisfaction with their duties -- much borrowing on the part of the Government -- & very much trouble among the republican party when the people shall come to vote two years hence.
There is but one way to make the party a permanent one, & that is, by the prompt repudiation to the free trade system." - Henry C. Carey, noted anti-trade political economist, letter to Abraham Lincoln, January 2, 1861 (emphasis added)
...and you said it was a revenue measure to "pay for the war." Yeah. Sure.
And just how do you use this piece of idle humor to explain the 80 million dollar deficit at the time of the Morrill tariff?It does little to explain it, especially when they knew that Morill would decrease revenues. Your repeated attempts to justify it with the deficit only make the situation more confusing.
Of course, the truth of the matter was that most of the 80 million was stolen by the south in one form or another. When you don't produce, you must depend on the kindness of strangers, and if not then you must steal like a thief in the night. How is this stealing better than a balanced budget and the concept of paying one's own way in the world. Do elaborate
Zealotry in action. Can I pull this back on topic by asking why it was that Lincoln refused all attempts to negotiate the debt?