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Benjamin Graham

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The money cost of the reservoir plan literally fades into insignificance when it is compared with the financial burden which the great depression imposed on the nation.
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Part II, Chapter IX, The Cost of the Reservoir Plan, p. 114

 
Benjamin Graham

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The life of a republic lies certainly in the energy, virtue, and intelligence of its citizens; but it is equally true that a good revenue system is the life of an organized government. I meet you at a time when the nation has voluntarily burdened itself with a debt unprecedented in our annals. Vast as is its amount, it fades away into nothing when compared with the countless blessings that will be conferred upon our country and upon man by the preservation of the nation's life. Now, on the first occasion of the meeting of Congress since the return of peace, it is of the utmost importance to inaugurate a just policy, which shall at once be put in motion, and which shall commend itself to those who come after us for its continuance. We must aim at nothing less than the complete effacement of the financial evils that necessarily followed a state of civil war.

 
Andrew Johnson
 

When compared with Santa Fé and all the towns of the North, Chihuahua might indeed be pronounced a magnificent place; but, compared with the nobler cities of tierra afuera [the outside world], it sinks into insignificance. ...The ground-plan is much more regular than that of Santa Fé, while a much greater degree of elegance and classic taste has been exhibited in the style of the architecture of many buildings; for though the bodies be of adobe, all the best houses are cornered with hewn stone, and the doors and windows are framed in the same. The streets, however, remain nearly in the same state as Nature formed them, with the exception of a few roughly-paved side-walks.

 
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The Treasury plan is a disgrace: a bailout of reckless bankers, lenders and investors that provides little direct debt relief to borrowers and financially stressed households and that will come at a very high cost to the US taxpayer. And the plan does nothing to resolve the severe stress in money markets and interbank markets that are now close to a systemic meltdown.

 
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That is the kind of America in which I believe. And it represents the kind of Presidency in which I believe—a great office that must neither be humbled by making it the instrument of any one religious group nor tarnished by arbitrarily withholding its occupancy from the members of any one religious group. I believe in a President whose religious views are his own private affair, neither imposed by him upon the nation or imposed by the nation upon him as a condition to holding that office.

 
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Only in America can you make that much money crying. Glenn Beck is not aligned with any party. He is aligned with cynicism and there has always been a market for cynics. But we became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers.

 
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