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Updated: June 9, 2025
It is now time to determine that we should enter the next century having achieved a level of excellence unsurpassed in history. We will achieve this, first, by guaranteeing that government does everything possible to promote America's ability to compete. Second, we must act as individuals in a quest for excellence that will not be measured by new proposals or billions in new funding.
The exhibit is made in connection with estimates for the requisite repair of the defective pavements and sewers of the city, which is a work of immediate necessity; and in the same connection a plan is presented for the permanent funding of the outstanding securities of the District.
Rather, it involves an expenditure of American spirit and just plain American grit. The Congress will soon receive my comprehensive proposals to enhance our competitiveness, including new science and technology centers and strong new funding for basic research. The bill will include legal and regulatory reforms and weapons to fight unfair trade practices.
Under the new budget, funding for social insurance programs will be more than double the amount spent only 6 years ago. But it would be foolish to pretend that these or any programs cannot be made more efficient and economical. The entitlement programs that make up our safety net for the truly needy have worthy goals and many deserving recipients. We will protect them.
This has induced Congress, from 1837, to resort to the expedient of issuing Treasury notes, and finally of funding them, in order to supply deficiencies.
Let’s also remember that everyone working with Project Gutenberg is a volunteer, including founder Michael Hart. The goal is to ensure its future independence of loans and other funding and of fleeting political and cultural priorities, to avoid any pressure from politicians or economic interests.
As a result of his negotiations a "funding loan" was obtained, in return for which an equivalent amount in paper money was to be turned over for cancellation at a fixed rate of exchange. Under this arrangement depreciation ceased for awhile and the financial outlook became brighter.
What of the other debts? of funding? Or, if it is still too soon to talk of these matters with equilibrium," she added hastily, as Clinton turned purple again, "pray tell me that the great question of deciding upon a site for the Capital is nearing a solution. It has been such a source of bitter agitation. I wish it were settled."
If that balance should little correspond with the bold and unscrupulous allegations of Mr Cobden if it should be found to derogate from the assumed super-eminence of the foreign trading interest over the colonial, let it be remembered that the invidious discussion was not raised by us, nor by any member of the Legislature who can rightfully be classed as the representative of great national and constitutional principles; that the distinction and disjunction of interests, both national, with the absurd attempt unduly to elevate the one by unjustly depreciating the other, is the work of the League alone, which, having originated the senseless cry of "class interests," would seem doggedly determined to establish the fact, per fas et nefas, as the means of funding and perpetuating class divisions.
He argued that by funding the debt in America "the same effect must be produced that has taken place in other nations; it must either bring on national bankruptcy, or annihilate her existence as an independent empire." Such dismal prognostications on the very eve of the Napoleonic era, with its tremendous revelations of national power, were quite common at that time.
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