National Debt Quotes (9 quotes)
Blessed are the young for they shall inherit the national debt. A national debt, if it is not excessive, will be to us a national blessing. To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude. Never spend your money before you have earned it. Nothing is so well calculated to produce a death-like torpor in the country as an extended system of taxation and a great national debt.
National Debt and Credit Quotes
Sign in with Facebook Sign in options. Join Goodreads. Quotes tagged as "national-debt" Showing of 9. We must make our election between economy and liberty, or profusion and servitude. If we run into such debts, as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, give the earnings of fifteen of these to the government for their debts and daily expenses; and the sixteenth being insufficient to afford us bread, we must live, as they now do, on oatmeal and potatoes; have no time to think, no means of calling the mismanagers to account; but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers. Strike turned in early on Sunday and watched the day's gaffes, counterclaims and promises being tabulated on his portable TV. There was an air of joylessness in every news report he watched.
Our founding fathers had some pretty firm ideas on national debt. Here are some selected quotes from a few of the founders on debt. Continue reading to see the quotes. A departure from principle becomes a precedent for a second; that second for a third; and so on, till the bulk of society is reduced to mere automatons of misery, to have no sensibilities left but for sinning and suffering… And the fore horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression. Allow a government to decline paying its debts and you overthrow all public morality — you unhinge all the principles that preserve the limits of free constitutions. Nothing can more affect national prosperity than a constant and systematic attention to extinguish the present debt and to avoid as much as possibly the incurring of any new debt.
Enter your search terms Submit search form. What Did President Bush Promise? At the rate it's going it will increase just as much as President Bush predicted it would decrease. Analytical Perspective, p. The budget deficit is projected to decline as the economy expands over the next several years, while most of the baby-boomers will remain in the work force.