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Editorial
March 17, 1869
The Wheeling Daily Register
Wheeling, Ohio County, West Virginia
What is this article about?
The editorial criticizes the Radical (Republican) press for celebrating a minor $11 million reduction in national debt last month, noting the overall debt has risen $45 million in ten months due to excessive spending exceeding income by $4.5 million monthly.
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Full Text
An apparent decrease in the national debt of eleven millions of dollars during the last month has been accepted as a "godsend" by the Radical press of the country. Like the man with the small baby, "it is small, but it is all we have."
Any reduction on paper, or in fact, enables the party in power to make an argument that may, by possibility, deceive or mystify the masses. But even allowing the Radicals all they claim, still the fact remains that the whole debt is greater, by forty-five millions of dollars, than it was in May last, only ten months ago. Thus, the nation has been spending at the rate of four and a half millions a month beyond its income!
How long will it take to "reduce" the debt at this rate of Republican expenditures?
Any reduction on paper, or in fact, enables the party in power to make an argument that may, by possibility, deceive or mystify the masses. But even allowing the Radicals all they claim, still the fact remains that the whole debt is greater, by forty-five millions of dollars, than it was in May last, only ten months ago. Thus, the nation has been spending at the rate of four and a half millions a month beyond its income!
How long will it take to "reduce" the debt at this rate of Republican expenditures?
What sub-type of article is it?
Economic Policy
Partisan Politics
What keywords are associated?
National Debt
Radical Press
Republican Expenditures
Fiscal Deficit
Government Spending
What entities or persons were involved?
Radical Press
Radicals
Republican Party
Editorial Details
Primary Topic
Criticism Of Republican Fiscal Mismanagement And National Debt Increase
Stance / Tone
Sarcastic And Critical Of Radicals
Key Figures
Radical Press
Radicals
Republican Party
Key Arguments
Minor $11 Million Debt Reduction Hailed As Godsend By Radical Press Despite Overall Increase
National Debt Up $45 Million Since May, Ten Months Ago
Spending Exceeds Income By $4.5 Million Per Month
Questions Sustainability Of Debt Reduction Under Republican Expenditures