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" "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 (29 December 1809 – 19 May 1898) was a British Liberal politician and Prime Minister (1868–1874, 1880–1885, 1886 and 1892–1894). He was a notable political reformer, known for his populist speeches, and was for many years the main political rival of Benjamin Disraeli.
Biography information from Wikiquote
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You are told that education, that enlightenment, that leisure, that high station, that political experience are arrayed in the opposing camp, and I am sorry to say that to a large extent I cannot deny it. But though I cannot deny it, I painfully reflect that in almost every one, if not in every one, of the great political controversies of the last 50 years, whether they affected the franchise, whether they affected commerce, whether they affected religion, whether they affected the bad and abominable institution of slavery, or whatever subject they touched, these leisured classes, these educated classes, these wealthy classes, these titled classes, have been in the wrong.
Do not let us conceal from ourselves that this country is almost at the present time the solitary citadel of free trade. ... I confidently anticipate...that these doctrines of free trade will in the long run be found to mean nothing in the world except that each man and each country shall turn to the best account, without artificial interference or interruption, the powers and the gifts which God has given them. This is the sum and substance, the Alpha and the Omega, of our creed.
[I was] a youth in his twenty third year, young of his age, who had seen little or nothing of the world, who resigned himself to politics, but whose desire had been for the ministry of God. The remains of this desire operated unfortunately. They made me tend to glorify in an extravagant manner and degree not only the religious character of the State, which in reality stood low, but also the religious mission of the Conservative party. There was, to my eyes, a certain element of AntiChrist in the Reform Act and that Act was cordially hated. ... It was only under the (second) Government of Sir Robert Peel that I learned how impotent [and] barren was the conservative office for the Church.