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To: DiogenesLamp

You said: “There must be a message here that you are trying to convey which I am not grasping...”

Total Federal spending was not only well beyond its basic responsibilities, but also well beyond its revenue. The government began borrowing large amounts of money to meet its obligations, and had incurred very large debt just prior to the secession of the Southern states.


1,603 posted on 10/25/2016 1:41:08 PM PDT by PeaRidge
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To: PeaRidge
Total Federal spending was not only well beyond its basic responsibilities, but also well beyond its revenue. The government began borrowing large amounts of money to meet its obligations, and had incurred very large debt just prior to the secession of the Southern states.

How much of that debt beyond their obligations was for subsidization of Northern industries I wonder?

1,609 posted on 10/25/2016 2:05:59 PM PDT by DiogenesLamp ("of parents owing allegiance to no other sovereignty.")
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