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And in my Lord Treasurer's excellent letter to the King upon this subject, he tells the King how it was the spending more than the revenue that did give the first occasion of his father's ruine, and did since to the rebels; who, he says, just like Henry the Eighth, had great and sudden increase of wealth, but yet, by overspending, both died poor; and further tells the King how much of this L1,200,000 depends upon the life of the Prince, and so must be renewed by Parliament again to his successor; which is seldom done without parting with some of the prerogatives of the Crowne; or if denied and he persists to take it of the people, it gives occasion to a civill war, which may, as it did in the late business of tonnage and poundage, prove fatal to the Crowne.
That's like setting up one day of peace on earth, good will to men, and asking admission to it." "Mis' Winslow," said Mis' Moran, sadly, "what's the use of saying anything? You know as well as I do that Christmas is abused all up and down the land, and made a day of expense and extravagance and folks overspending themselves. And we've stopped all that in Old Trail Town.
Since 1953, our defense policy has been based on the assumption that the international situation would require heavy defense expenditures for an indefinite period to come, probably for years. In this protracted struggle, good management dictates that we resist overspending as resolutely as we oppose under-spending.
And in my Lord Treasurer's excellent letter to the King upon this subject, he tells the King how it was the spending more than the revenue that did give the first occasion of his fathers ruine, and did since to the rebels; who, he says, just like Henry the Eighth, had great and sudden increase of wealth, but yet by overspending both died poor: and further tells the King how much of this 1,200,000l. depends upon the life of the Prince, and so must be renewed by Parliament again to his successor; which is seldom done without parting with some of the prerogatives of the Crowne; or if denied and he persists to take it of the people, it gives occasion to a civill war, which did in the late business of tonnage and poundage prove fatal to the Crowne.
A pattern of overspending has been in place for half a century. As the national debt grew, we were told not to worry, that we owed it to ourselves. Now we know that deficits are a cause for worry. But there's a difference of opinion as to whether taxes should be increased, spending cut, or some of both.
Since 1953, our defense policy has been based on the assumption that the international situation would require heavy defense expenditures for an indefinite period to come, probably for years. In this protracted struggle, good management dictates that we resist overspending as resolutely as we oppose under-spending.
A pattern of overspending has been in place for half a century. As the national debt grew, we were told not to worry, that we owed it to ourselves. Now we know that deficits are a cause for worry. But there's a difference of opinion as to whether taxes should be increased, spending cut, or some of both.
"They think I et up their savings in the failure," he went on, "when all I done is to bring 'em face to face with the fact that for years they've been overspending themselves. It takes Christmas to show that up. This whole Christmas business is about wore out, anyhow. Ain't it?" "That's what," Simeon said, "it's a spendin' sham, from edge to edge." Abel Ames was silent.
And in my Lord Treasurer's excellent letter to the King upon this subject, he tells the King how it was the spending more than the revenue that did give the first occasion of his father's ruine, and did since to the rebels; who, he says, just like Henry the Eighth, had great and sudden increase of wealth, but yet, by overspending, both died poor; and further tells the King how much of this L1,200,000 depends upon the life of the Prince, and so must be renewed by Parliament again to his successor; which is seldom done without parting with some of the prerogatives of the Crowne; or if denied and he persists to take it of the people, it gives occasion to a civill war, which may, as it did in the late business of tonnage and poundage, prove fatal to the Crowne.
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