The excess may serve to keep corruption alive, but it has no re-action on credit and commerce, like the interest of the debt.
It is now very probable that the English Government (I do not mean the nation) is unfriendly to the French Revolution.

Whatever serves to expose the intrigue and lessen the influence of courts, by lessening taxation, will be unwelcome to those who feed upon the spoil.

Whilst the clamour of French intrigue, arbitrary power, popery, and wooden shoes could be kept up, the nation was easily allured and alarmed into taxes.
Those days are now past: deception, it is to be hoped, has reaped its last harvest, and better times are in prospect for both countries, and for the world.
Taking it for granted that an alliance may be formed between England, France, and America for the purposes hereafter to be mentioned, the national expenses of France and England may consequently be lessened.
The same fleets and armies will no longer be necessary to either, and the reduction can be made ship for ship on each side.

But to accomplish these objects the governments must necessarily be fitted to a common and correspondent principle.

Confidence can never take place while an hostile disposition remains in either, or where mystery and secrecy on one side is opposed to candour and openness on the other.
These matters admitted, the national expenses might be put back, for the sake of a precedent, to what they were at some period when France and England were not enemies.