"Our government has fallen into the hands of spendthrifts and is living far beyond its income. It appears by the report of the register of the Treasury, made February 12, 1858 that the receipts of the United States for the quarter ending December 31, 1857 were $7,092,665 and the expenditures, $17,035,654, a deficit of nearly ten million dollars. The editor went on to estimate that by the end of the fiscal year, the deficit at this rate would be $30,000,000 or more."