“Sir, there are three principles, greater than all others, on which, in my opinion, all good finance should be based. The first of them is that there should always be a certainty that whatever the charge may be it can be paid. That, I believe, is of vital importance. The second is that, in times of peace and prosperity, the people of the country should reduce their Debt; and the third point is that they should reduce their Expenditure.”

— William Ewart Gladstone

Speech http://hansard.millbanksystems.com/commons/1882/apr/24/ways-and-means-financial-statement#column_1298 in the House of Commons (24 April 1882) <br class="br">1880s

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British Liberal politician and prime minister of the United… 1809–1898

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