“…that Chancellor of the Exchequer is the very man who comes down to corrupt whatever there is of financial virtue in us, and to instil into our minds those seductive and poisonous ideas that it does not, after all, matter very much if there is a deficit, and that it is extremely disagreeable when commerce is not in the most flourishing state to call upon the people to pay. Was that the practice of Sir Robert Peel? … he came to Parliament and stood at his place in the House of Commons, pointed out the figures as they stood, and said to them—I ask you, will you resort to the "miserable expedient" of tolerating deficit, and of making provision by loans from year to year? That which he denounced as the "miserable expedient" has become the standing law, has become almost the financial gospel of the Government that is now in power.”

—  William Ewart Gladstone

Speech in Edinburgh (29 November 1879), quoted in W. E. Gladstone, Midlothian Speeches 1879 (Leicester University Press, 1971), p. 152.
1870s

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William Ewart Gladstone 121
British Liberal politician and prime minister of the United… 1809–1898

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