Southern States Paying 80% of the Federal Budget
Mr. McLendon,
The one quote I’m familiar with regarding the South paying the majority of the Federal budget is as follows:
"Before the revolution [the South] was the seat of wealth, as well as hospitality….Wealth has fled from the South, and settled in regions north of the Potomac: and this in the face of the fact, that the South, in four staples alone, has exported produce, since the Revolution, to the value of eight hundred millions of dollars; and the North has exported comparatively nothing. Such an export would indicate unparalleled wealth, but what is the fact? … Under Federal legislation, the exports of the South have been the basis of the Federal revenue…..Virginia, the two Carolinas, and Georgia, may be said to defray three-fourths of the annual expense of supporting the Federal Government; and of this great sum, annually furnished by them, nothing or next to nothing is returned to them, in the shape of Government expenditures. That expenditure flows in an opposite direction – it flows northwardly, in one uniform, uninterrupted, and perennial stream. This is the reason why wealth disappears from the South and rises up in the North. Federal legislation does all this."
—-Missouri Senator Thomas H. Benton, 1828
The South Was Right!
James Ronald Kennedy & Walter Donald Kennedy
Page 49
I hope this might be of some help.
Edward Harding
Washington, NC
SCV / MOSB Life Member