National Debt Quotes - Page 2

• It is a well-known fact that in countries in which the national debt is properly funded, and an object of established confidence, it answers most of the purposes of money. Transfers of stock, or public debt, are there equivalent to payments in specie; or, in other words, stock, in the principal transactions of business, passes current as specie. The same thing would, in all probability, happen here, under the like circumstances.

  Alexander Hamilton

  Country, Purpose, Debt

  Alexander Hamilton, Lyndon LaRouche (2016). “The Vision of Hamilton: Hamilton's 4 Reports and LaRouche's 4 Laws”, p.10, Executive Intelligence Review

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• Our nation stands at the crossroads of liberty. Crushing national debt, rampant illegal immigration, insane business regulations and staggering national unemployment are pushing our nation into unchartered territory.

  James Lankford

  Crush, Insane, Liberty

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• A national debt if it is not excessive will be to us a national blessing; it will be powerfull cement of our union. It will also create a necessity for keeping up taxation to a degree which without being oppressive, will be a spur to industry.

  Alexander Hamilton

  Blessing, Unions, Spurs

  Alexander Hamilton (1850). “The Works of Alexander Hamilton: Correspondence. 1769-1789”, p.257

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• 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. This paradox was well adapted to the minds of believers in dreams.

  Thomas Jefferson

  Dream, Wisdom, Blessing

  Thomas Jefferson, Henry Augustine Washington (1854). “The Writings of Thomas Jefferson: Being His Autobiography, Correspondence, Reports, Messages, Addresses, and Other Writings, Official and Private : Published by the Order of the Joint Committee of Congress on the Library, from the Original Manuscripts, Deposited in the Department of State”, p.239

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• It is of the greatest consequence that the debt should, with the consent of the creditors, be remoulded into such a shape as will bring the expenditure of the nation to a level with its income. Till this shall be accomplished, the finances of the United States will never wear a proper countenance. Arrears of interest, continually accruing, will be as continual a monument, either of inability, or of ill faith and will not cease to have an evil influence on public credit.

  Alexander Hamilton

  Evil, Inability, United States

  "The Works of Alexander Hamilton".

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• Avoiding occasions of expense by cultivating peace, we should remember also that timely disbursements to prepare for danger frequently prevent much greater disbursements to repel it

  George Washington

  Debt, Remember, Danger

  George Washington, Andrew Jackson (1862). “Washington's Farewell Address: The Proclamation of Jackson Against Nullification, and the Declaration of Independence”, p.9

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• If you will not lend me the money, how can I pay you?

  Ralph Waldo Emerson

  Conceited, Pay, Ifs

  Ralph Waldo Emerson (2013). “Delphi Complete Works of Ralph Waldo Emerson (Illustrated)”, p.2148, Delphi Classics

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• It is a wise rule and should be fundamental in a government disposed to cherish its credit, and at the same time to restrain the use of it within the limits of its faculties, "never to borrow a dollar without laying a tax in the same instant for paying the interest annually, and the principal within a given term; and to consider that tax as pledged to the creditors on the public faith."

  Thomas Jefferson

  Wise, Government, Dollars

  Thomas Jefferson (1829). “Memoirs, Correspondence and Private Papers of Thomas Jefferson, Late President of the United States”, p.200

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• 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; I mean an additional article taking from the Federal Government the power of borrowing.

  Thomas Jefferson

  Mean, Government, Political

  Thomas Jefferson (1829). “Memoir, correspondence, and miscellanies from the papers of T. Jefferson”, p.404

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• The national budget must be balanced. The public debt must be reduced; the arrogance of the authorities must be moderated and controlled. Payments to foreign governments must be reduced. If the nation doesn't want to go bankrupt, people must again learn to work, instead of living on public assistance.

  Taylor Caldwell

  Government, People, Arrogance

  "A Pillar of Iron". Book by Taylor Caldwell, 1965.

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• No pecuniary consideration is more urgent, than the regular redemption and discharge of the public debt: on none can delay be more injurious, or an economy of time more valuable.

  George Washington

  President, Delay, Redemption

  George Washington (1855). “Maxims of Washington: Political, Social, Moral, and Religious”, p.120

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• I go on the principle that a public debt is a public curse and in a republican government more than in any other.

  James Madison

  Government, Principles, Debt

  Letter to Henry Lee, 13 Apr. 1790

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• People must again learn to work, instead of living on public assistance.

  Taylor Caldwell

  Government Welfare, People, Libertarian

  "A Pillar of Iron". Book by Taylor Caldwell, 1965.

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• Mr. Obama denounced the $2.3 trillion added to the national debt on Mr. Bush's watch as 'deficits as far as the eye can see.' But Mr. Obama's budget adds $9.3 trillion to the debt over the next 10 years. What happened to Obama the deficit hawk?

  Karl Rove

  Eye, Years, Hawks

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• 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.

  Alan Greenspan

  Real, Long, Debt

  Remarks by Chairman Alan Greenspan before the Bond Market Association, White Sulphur Springs, West Virginia, www.federalreserve.gov. April 27, 2001.

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• The income tax created more criminals than any other single act of government.

  Barry Goldwater

  Government, Political, Criminals

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• We can have tax cuts, but when we have tax cuts and do not have a surplus, the amount of the tax cut goes straight to the bottom line, adds to the deficit, and the deficit adds to the national debt, and sooner or later, the debt has to be paid.

  John Spratt

  Cutting, Add, Debt

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• 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.

  Franklin D. Roosevelt

  Children, Debt, Pay

  Roosevelt, Franklin D. (1941). “Public Papers of the Presidents of the United States: F.D. Roosevelt, 1939, Volume 8”, p.351, Best Books on

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• I would vote against raising the national debt ceiling. Again, this is about mortgaging the future of unborn generations of Americans. It's a form of taxation without representation. I don't think we can do that.

  Mike Lee

  Thinking, Ceilings, Generations

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• The blame for [the national debt]
  lies with the Congress and the President,
  with Democrats and Republicans alike,
  most all of whom have been unwilling
  to make the hard choices or
  to explain to the American people that
  there is no such thing as a free lunch.

  Warren Rudman

  Lying, Government, Lunch

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• Every person born in the USA is endowed with life, liberty, and a substantial share of the national debt.

  Francis Bacon

  Usa, Liberty, Modern Life

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• As a very important source of strength and security, cherish public credit.

  George Washington

  Government Debt, Important, Credit

  George Washington, John Jay, Jared Sparks (1850). “Washington's Farewell Address to the People of the United States of America”, p.36, New York : J. Wiley

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• All taxes are a drag on economic growth. It's only a question of degree.

  Alan Greenspan

  Political, Growth, Degrees

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• Counting obligations under Medicare and Social Security, the real debt of the United States is more than 10 times the reported national debt.

  Addison Wiggin

  Real, Debt, United States

  Addison Wiggin (2005). “The Demise of the Dollar... and Why It's Great For Your Investments”, Wiley

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• When you get the economy growing, that's when you can deal with the national debt.

  Mike Pence

  Debt, Growing, Economy

  Source: www.politico.com

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