Government debt Quotes

“Our national debt a national blessing.”

“A national debt, if it is not excessive, will be to us a national blessing.”

“Blessed are the young, for they shall inherit the national debt.”

“Wikipedia: Government debt”

“United States debt per citizen $86,639
United States debt per taxpayer $228,999”

“Solvency is maintained by means of a national debt, on the principle, "If you will not lend me the money, how can I pay you?"”

“No nation ought to be without a debt. A national debt is a national bond; and when it bears no interest, is in no case a grievance.”

“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.”

“I, however, place economy among the first and most important of republican virtues, and public debt as the greatest of the dangers to be feared.”

“The consequences arising from the continual accumulation of public debts in other countries ought to admonish us to be careful to prevent their growth in our own.”

“All debts contracted and engagements entered into, before the adoption of this Constitution, shall be as valid against the United States under this Constitution, as under the Confederation.”

“And to preserve their 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.”

“Nations have recently been led to borrow billions for war; no nation has ever borrowed largely for education. Probably, no nation is rich enough to pay for both war and civilization. We must make our choice; we cannot have both.”

“At the time we were funding our national debt, we heard much about "a public debt being a public blessing"; that the stock representing it was a creation of active capital for the aliment of commerce, manufactures and agriculture.”

“Our national debt after all is an internal debt owed not only by the Nation but to the Nation. If our children have to pay interest on it they will pay that interest to themselves. A reasonable internal debt will not impoverish our children or put the Nation into bankruptcy.”

“I wish it were possible to obtain a single amendment to our constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of it's constitution; I mean an additional article, taking from the federal government the power of borrowing.”

“I have long argued that paying down the national debt is beneficial for the economy: it keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.”

“I am for a government rigorously frugal & simple, applying all the possible savings of the public revenue to the discharge of the national debt; and not for a multiplication of officers & salaries merely to make partisans, & for increasing, by every device, the public debt, on the principle of it's being a public blessing.”

“When I was a youngster growing up in South Dakota, we never referred to the national debt, it was always referred to as the war debt because it stemmed from World War I. Well, what we have now, at least two thirds of it, is the war debt. We're never going to make a substantial cut in that debt until we quit getting into these unnecessary wars.”

“Such was the origin of that debt which has since become the greatest prodigy that ever perplexed the sagacity and confounded the pride of statesmen and philosophers. At every stage in the growth of that debt the nation has set up the same cry of anguish and despair. At every stage in the growth of that debt it has been seriously asserted by wise men that bankruptcy and ruin were at hand. Yet still the debt went on growing; and still bankruptcy and ruin were as remote as ever.”