National debt (n.) was, for the ruling bankers, not a problem but the main object of speculation: the state was kept artificially on the verge of bankruptcy so that every new loan could defraud it.
National debt (n.) honoured by a revolution turns the revolution into the hard-pressed debtor of the old society instead of its creditor — and makes credit, and so the abandonment of the workers, a condition of its life.
The National debt (n.) is purely fictitious capital, whose illusion vanishes the moment its promissory notes become unsaleable.
The National debt (n.) is a negative quantity appearing as capital.
The National debt (n.) accumulates nothing but a class of state creditors with first claim on the tax take.